Automated Clearing House Policy Update

Automated Clearing House Policy Template Update - 11/28/07

Bankpolicies.com is proud to announce the immediate availability of our revised Automated Clearing House Policy Template product.

This update is in response to the NACHA Operations Bulletin "ACH Data Breach Notification Requirements for Participating Depository Financial Institutions" dated August 28, 2007. This Interim Policy is effective on September 28, 2007 until replaced or superseded by changes to the NACHA Operating Rules ("Rules"). The policy is a statement of NACHA's expectation that ODFIs and their Originators and Third Parties will have appropriate procedures in place to prevent, detect, and investigate ACH data breach events, to report such events to NACHA, and to make information about such events available to affected RDFIs.

NACHA Operations Bulletin Link

What's New and Revised

Click here to review detailed subject matter regarding this updated product.

Product Contents

Purpose and Contents - Topic 1

Policy Description, Authority and Scope - Topic 2

Definitions - Topic 3

Risk Management - Topic 4

Receiving Consumer ACH Transactions - Topic 5

Receiving Corporate ACH Transactions - Topic 6

ACH Origination Product Definition and Disclosure - Topic 7

Understanding ACH Origination Risk - Topic 8

ACH Origination Service Application - Topic 9

Credit Underwriting Guidelines - Topic 10

Processing an Approved ACH Origination Request - Topic 11

Processing a Declined ACH Origination Request - Topic 12

Deleting an ACH Origination Customer - Topic 13

ACH Origination Exceptions - Topic 14

Data Breach Notification Procedures - Topic 15

Audit Policy - Topic 16

Reconciliation of ACH Entries - Topic 17

Staff Training - Topic 18

Retention of Documentation - Topic 19

Includes the following form templates:

ACH Agreement (16 pages)

ACH Application (2 pages)

ACH Authorization for Automatic Deposits (1 page)

ACH Authorization for Preauthorized Payments (1 page)

ACH Cover Letter (2 pages)

ACH Implementation Forms (2 pages)

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$275.00 - List Price

- or -

$75.00* - Update Price

*Applies only to clients who have purchased the Automated Clearing House Policy Template within the last three years in addition to the following prior update (if applicable):

Automated Clearing House Policy Template Update - 09/27/06 - $50.00

If you have ordered this product after 10/28/07 you are eligible to receive the product update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

NOTE: Refer to our Place an Order page for important information regarding payment terms and our return policy. Orders placed for Product Updates are only available directly through Bankpolicies.com.

Find Out What's New with our Product Update Program

Our Product Update Program allows existing clients to receive e-mail notifications from us the same day we issue a new or revised product.

How does it work? Clients who previously purchased the product are offered an "update" via e-mail at a substantial discount off the current list price, whereas clients who have not are provided an opportunity to get it hot off the press! Additionally, clients who have ordered the product from us within the past 30 days are eligible to receive the update for free!

Do our various discounts apply? Yes! All of our discount programs (Standard Volume and Legacy Rewards Program - refer to our Special Offers page) can be applied to your Product Update Program order.

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