ACH Audit Services

The ACH Rules require the completion of an annual audit no later than December 1 each year.
NEACH now offers a complete ACH Audit service to its' members in all six New England States.
Why do an ACH Audit?
1. Fulfill the audit requirement in the ACH Rules
2. Ensure compliance with all ACH Rules
3. Minimize risks associated with processing ACH Payments.
Do you waste time training your auditors on how to perform the required ACH Audit? NEACH staff are ACH experts. We will perform your audit quickly, accurately and cost-effectively at your operations site.
For more information on pricing, please contact Larry Pirri at lpirri@neach.org or call 781-321-1011.

ACH Audit Services News
February 29, 2008 NEACH responds to the Request for Comment on Risk Management and Assessment NEACH is pleased to respond to the Request for Comment on Risk Management and Assessment. NEACH is comprised of roughly 600 financial institutions located in New England. During the comment period, NEACH discussed the proposal with the NEACH Rules and Operations Committee, which is representative of our membership, as well as additional members, and solicited their feedback. Our response to the Request for Comment is based on their feedback and the best interests of our members.
February 29, 2008 NEACH responds to the Rules Compliance Audit Proposal Request for Comment sent out by NACHA NEACH is pleased to respond to the Request for Comment on Rules Compliance Audit Proposal. NEACH is comprised of roughly 600 financial institutions located in New England. During the comment period, NEACH discussed the proposal with the NEACH Rules and Operations Committee, which is representative of our membership, as well as additional members, and solicited their feedback. Our response to the Request for Comment is based on their feedback and the best interests of our members.
February 5, 2008 NACHA Membership Approves Company Name Identification Rule On January 24, 2008 the voting membership of NACHA approved the Company Name Identification Rule as an amendment to the NACHA Operating Rules. The Company Name Identification Rule is a component of NACHA's comprehensive risk management strategy for the ACH Network. It is the second component of the strategy to be voted on by the NACHA membership for inclusion in the Rules.
December 5, 2007 2007 ACH Audit Thank You We would like to take this opportunity to thank our members that allowed the NEACH staff to perform their ACH Audit in 2007. The NEACH Audit Service continues to be an increasingly used membership benefit. In our third year of offering the Audit Service to our members, we completed 85 Audits in 2007, compared to 53 in 2006. Because the NEACH Audit Service is a member benefit, we are able to provide the service at a low cost. We look forward to continue to provide the ACH Audit Service in 2008 and hope you will consider NEACH for providing your ACH Audit which must be completed annually no later than December 1. For more information please contact Larry Pirri at lpirri@neach.org or 781-321-1011.
November 19, 2007 Rule Supplement #3 Since the publication of the 2007 edition of the ACH Rules, NACHA's Voting Membership has approved one additional amendment to the NACHA Operating Rules (Rules). This amendment is comprised of two parts, the first component of which will become effective on December 21, 2007. This first portion of the rule amendment will broaden the scope of the enforcement procedures within the Rules through enhancements to enforcement capabilities, modifications to violation and fine structures, and increases in the fines that may be assessed for such violations. The second component of this amendment will become effective on March 21, 2008, and will obligate ODFIs to provide detailed information about Originators or Third-Party Senders exceeding a defined threshold for entries returned as unauthorized when requested to do so by NACHA. Specifics of the changes resulting from this amendment are outlined within the attached documents.
May 14, 2007 NACHA Board Approves Interim Policy on ACH Data Breach Notification Requirements At its meeting on April 15, 2007, the NACHA Board of Directors approved an Interim Policy on ACH Data Breach Notification Requirements. This interim policy is effective (to be determined), 2007.