Ever wondered about the intricacies of third-party sender relationships in the banking world? In the latest episode of Wrestling Payments, Dennis Walker and Stephen Dillon dive into this critical aspect. Here's a key takeaway:
Dennis Walker emphasizes, "Understanding and educating our entire workforce about the specifics of our customers' ACH transactions is paramount."
Key insights discussed:
● Educating the Workforce: Ensuring everyone in the institution comprehends customer transactions is vital.
● Proactive Risk Management: Recognizing red flags and implementing preventive measures is crucial.
● Annual Reviews Matter: Regular check-ins can uncover evolving business needs and risk profiles.
Don't miss out on the complete conversation. Tune in to Wrestling Payments Episode 14 for comprehensive insights into the world of ACH payments and risk management.
Full episode on YouTube and www.wrestlingpayments.com
