Incredible ACH Compliance Tool Especially for Third Party Processors
Rating: 10 out of 10
IncentivizedUse Cases and Deployment Scope
We use ACH Risk Manager today to manage our Nacha compliance across our Third Party Sender ACH Programs. This ensures that our clients are operating within their limits and within the Nacha allowed return ratios. This fills the need for us to use multiple excel sheets and emails on a daily basis and brings it all into one system. The rest of the bank uses Affirmative as well to manage our bank-wide Nacha compliance.
Pros
- Managing ACH Limits for Originators
- Managing Nacha return ratios by Originators
- Managing ACH Compliance for Third-Party Sender Programs
Cons
- The screens are very antiquated
- Originator onboarding
- Potential enhancements for reconciliation
Likelihood to Recommend
ACH Risk Manager is well suited for banks who are focusing on payments and processing for a lot of originators. ACH Risk Manager is not well suited for smaller banks who process minimal ACH transactions / do not support ACH for commercial customers who are originating their own transactions. It is great for mid-large banks.
Vetted Review
2 years of experience