By June 22, you need to change how you monitor fraud risk associated with ACH payments. If you’re not ready, join this session to learn what’s shifting from a recommendation to a requirement —and what the penalties are for failing to do so.

The new rules explicitly mandate that AP teams implement risk-based fraud monitoring. This session will break down your critical role in overseeing this transition, ensuring compliance, and managing the risks associated with unauthorized entries and false pretenses.

Key topics we will cover include:

• The Scope of the Extension: Why the shift from third-party senders to all non-consumer originators changes your risk profile.
• Defining “False Pretenses”: Understanding Nacha’s new definition for authorized payments induced by deception (BEC, vendor impersonation) and how to monitor them.
• Standardized Descriptors: Implementing the mandatory “payroll” and “purchase” company entry descriptions.
  Your oversight responsibilities: Your duty to ensure ACH payments are documented, annually reviewed, and have risk-based processes in place.
• Practical Implementation: A roadmap for compliance.