Caitlyn Mullins Same Day ACH Returns - Visualized Why Isn’t Everyone Using Same-Day ACH Returns? Same-Day returns offer significant benefits—so why aren't more financial institutions taking advantage of them? Every FI seems to have its own reasons, b... Jul 28, 2025
Caitlyn Mullins Audit Requests Surge—How to Prepare for Nacha's Demands Nacha has announced it will begin selecting 460% more financial institutions each month to prove completion of their annual ACH compliance audits. Historically, Nacharandomly selects 125 Financial Ins... Jul 8, 2025
Caitlyn Mullins Think Sanctions Are Just for Banks? Treasury Fine Proves Otherwise Think Sanctions Are Just for Banks? Treasury Fine Proves Otherwise U.S. Department of the Treasury fined a global logistics company yesterday. Key Logistics, based in DE, voluntarily disclosed its vio... Jul 3, 2025
Caitlyn Mullins FinCEN’s CIP Exception Final Order 📰 The end of last week brought potential changes for BSA/AML programs from FinCEN’s perspective. Friday, FinCEN issued a Final Order providing financial institutions greater flexibility for collecting... Jun 30, 2025
Caitlyn Mullins RE-OCURRING FINDING: RTP Disclosures 🤔 Problem RTP Network Participants are unsure of what to disclose to account holders regarding no foreign RTP payments. 📖 Rule - Operating Rule E. Prohibited Transactions. 2. Foreign Payments. “Foreig... Jun 20, 2025
Caitlyn Mullins Stop the Disclaimer: Why Financial Institutions Can’t Opt Out of Fraud Responsibility for Business Accounts We often find through NEACH Payments Group (NPG) Audits, Risk Assessments, and other Consulting services that institutions disclose in account agreements for business clients that the institution shal... Jun 9, 2025
Carlos Ortiz Corporate ACH Origination: A Strategic Opportunity for Financial Institutions In today’s digital-first economy, businesses demand payment solutions that are fast, reliable, and cost-effective. Yet, many financial institutions have yet to fully embrace one of the most powerful t... Jun 9, 2025
Caitlyn Mullins NYDFS issues $40MM for BSA/AML Failures Recently, the New York State Department of Financial Services (NYSDFS) issued a penalty of $40 million to Block, Inc. This fintech, formerly known as Square, is licensed in the state of New York to op... Jun 3, 2025
Caitlyn Mullins 5 Signs Your Payment Operations Need an Upgrade In today’s fast-paced financial landscape, efficient payment operations are critical for customer satisfaction, regulatory compliance, and business growth. Yet many organizations continue to rely on o... Jun 2, 2025
Caitlyn Mullins Payroll Processors & Money Transmitter Licenses: Could Better ACH Risk Management Have Steered Them Clear of Regulator Overreach? Regulators are backing down from the controversial orders they have been handing out left and right to financial institutions. However, it seems that some state regulatory bodies are now creating cont... Jun 2, 2025
Caitlyn Mullins Who Wins Without Open Banking? Spoiler: It’s Not You The CFPB is backing down fromits Open Banking Rule and it’s honestly a curse disguised as a blessing to the industry. The blessing is that it puts the power back into the hands of banks and credit uni... May 31, 2025
Carlos Ortiz NEACH Payments Group Launches BSA Audits to Help Financial Institutions Prepare for Upcoming Nacha Rule Changes NEACH Payments Group (NPG) is excited to announce the launch of its first BSA (Bank Secrecy Act) audit service, offering financial institutions (FIs) expert guidance in aligning BSA/AML (Anti-Money La... Feb 28, 2025 News