Third-Party Senders

Event Details*
Thursday, October 31, 2024
2:00 - 3:00 pm ET
Webinar; 1.2 AAP/APRP CEU Eligible
Level: Advanced

Event Registration**
Member Price: $150.00
Non-Member Price: $325.00
**$150 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.


What the heck is a Third-Party Sender (TPS)? TPSs add a degree of complexity to the Origination functions of the ACH Network. With a TPS, the Originating Depository Financial Institution (ODFI) takes on a lot of added risk in that they are removed from that relationship by at least one layer. With this added risk, it is important that the ODFI have a solid understanding of the nature of the TPS relationship and its obligations under the Rules. It’s not enough to just say we don’t allow TPSs. ODFIs need to have a firm understanding of how to properly identify them and position Origination programs to appropriately manage and address them.

In this session, we explore the topic of Third-Party Senders, diving into the defining characteristics, use-cases, ACH Rules requirements, and recommended risk management practices. In addition, we provide techniques and tools to aid in the identify process and leave attendees with tactical approaches to addressing TPS management. Attending this session should give attendees a solid understanding of what how they can effectively manage Third Party Sender policy, process, and procedural decisions.

Come join us as we dive into the world of Third-Party Senders!


Attendees will:
• Differentiate between a Third-Party Service Provider and Third-Party Sender
• Demonstrate an understanding of the obligations of the ODFI in regards to TPSs
• Apply what you learnt to developing a TPS management program


Speaker:
• Patty Presta, AAP, NCP, Director, Education, NEACH


Audience:
• AAPs
• ACH Coordinator
• ACH Origination
• APRPs
• Electronic Banking
• Operations
• Originator/TPS Education
• Treasury/ Cash Management



*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.

**$150 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.