Increased Due Diligence and Risk Management

Answered by:

Question:

We have a large debit originator who has already indicated they want to use same-day debits when Phase II rolls out. Is there any additional due diligence or risk management we need to consider?

Answer:

Absolutely! It’s likely that not all of your customers will qualify for same-day debits, a much riskier proposition than same-day credits. It will largely depend on your own internal monitoring and risk management program, along with what your Board dictates for customer approval.

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Learn more about Rayleen Pirnie and Genny Wenta’s webinar
Same Day ACH – Preparing for More!