Wespay Advisors’ clients have the peace-of-mind knowing that their Payments Audits are comprehensive, precise, current, and completed by an independent organization with a reputation for excellence. Our Payments Audits are designed to identify existing and potential issues and provide mitigation advice based upon over a decade of experience performing these services for hundreds of clients each year. Our team of certified payments professionals excel at customizing our services to meet each client’s unique combination of complexity, size, and payments expertise
HOUSE (ACH) AUDIT
HOUSE (ACH) AUDIT
The ACH Network is governed by Nacha which requires every participating financial institution and Third-Party Sender/Service Provider to conduct an annual audit of its ACH operations and related processes. An Accredited ACH Professional (AAP) from our team will conduct your annual ACH Audit and examine each facet of your ACH operations, including receipt processes, internal and external origination, and related agreements and forms. Each ACH Audit includes a preliminary exit meeting to review initial findings and recommendations, as well as a comprehensive ACH Audit Management Report at the conclusion of the review.
Wespay Advisors offers two types of ACH Audits, as below:
Standard ACH Audit: Our rules-based ACH Audit is a two-day remotely performed service that reviews all aspects of your organization’s processing, spanning origination and receipt functions to ensure compliance with the most current ACH rules and regulations.
Enhanced ACH Audit: Our Enhanced ACH Audit includes the rules-based aspects of our Standard ACH Audit, but also incorporates risk considerations via an ACH Risk Assessment. Beyond satisfying the Nacha Rules’ annual audit requirement, our three-day remotely performed service also examines your organization’s policies and procedures to identify opportunities to strengthen controls to mitigate the risks inherent in ACH processing. Our Enhanced ACH Audit is designed to satisfy your organization’s requirement for completing both an ACH Audit and ACH Risk Assessment – two services in one!
Benefits of our ACH Audit Services:
- Knowledgeable and Accredited ACH Professionals (AAPs) will work with your team, including explaining the requirements throughout the process – training your team at the same time!
- Procedures and controls that can be strengthened are identified during the course of the review
- Ensure compliance with industry requirements, including Nacha Rules, UCC4A, KYC/Onboarding policies, and more!