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Product Update Notification - 11/28/07 Automated Clearing House Policy Update Details What's New Topic 15 - Data Breach Notification Procedures. Contains the following subtopics: General Prevention Measures Detection, Investigation and Escalation Notification of NACHA and RDFIs Notification Timeframe Requirements What's Revised Topic 7 - ACH Origination Product Definition and Disclosure. The "General" subtopic was revised and a new subtopic entitled "ACH Product Applications" was added. Topic 8 - Understanding ACH Origination Risk. The following subtopics were added: General ACH Credit Origination Risk ACH Debit Origination Risk ACH Credit Receiver Risk ACH Debit Receiver Risk Fraud Risk Topic 10 - Credit Underwriting Guidelines. The following subtopics were added: Review and Approval Process Red Flags In addition, the following subtopics were revised: Additional Guidelines for Internet Customers File Limit Establishment Guidelines Periodic Credit Review (Item 2. - Credit Review Procedures) Topic 14 - ACH Origination Exceptions. A new subtopic entitled "Deteriorating Financial Situations" was added. 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 or Revised 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. We encourage you to subscribe today for this free and convenient service. |