We (ODFI) have identified some existing clients (originators) who use independent parts to create ACH files on their behalf, so we are in the process of defining TPSP evaluation criteria. We received a copy of a WesPay agreement, but looking for what other banks require in addition to the TPSP agreement? Here are some questions: I think the first questions to ask and answer are focused on whether the client uses a service office (third party) to process payments or collection payments, or whether the customer is actually a “third-party sender.” If your client with whom you have an ACH agreement uses an external company (subcontractor) and that company sends you the ACH file on behalf of the customer, nothing should be necessary outside of your standard agreement. I have not seen anything specific with respect to third-party service offices. The following comment was published by the NACHA website – – An initiator may outsource some or all of its originator obligations (for example. B, file production and transfer to ODFI) to a third party. However, since the initiator has the origination agreement directly with its ODFI, the role of the third-party service provider is exclusively that of a service provider and not a third-party shipper. – – There seems to be some confusion about the new registration rules, especially when we use the terms “third party” and “third party.” I hope that this will help and that I have not misinterpreted your first questions. Your obligations under the NACHA rules are determined by the services you will provide when settling ACH transactions. 1. Select the names of the participants to show any definition. 2. Then use the lower matrix to display rights and responsibilities.
Wow, it was excellent! I don`t have any answers, but I had questions. I too have understood that there is a significant difference between the third share of service providers and the third party SENDERS. We didn`t take too much care of the suppliers because they prepared the information for our client (for example.B. Pay sheet) and then sent it to our client for verification and mailing. In fact, we did not authorize a third-party sender because we did not want the bank to be “bypassed.” (But we don`t have a customer request from a third-party sender. However, when I think about preparing a directive (with regard to the registration of third-party shippers, I find that several information seem to be interchangeable for issuers and suppliers, so I really want to understand what third parties are included. Thank you Michael, I just ask this question about TPSP, which is not a third party. There is a lot more clarity when it comes to the sender, but not the GST that is not shippers. So if we have relationships and agreements with the initiator, but we bring a GST, what odFIs do with the GST is my question. Red tape, processes? NACHA states that ODFI is responsible for compliance with the rules by TPSP and that TPS must conduct annual POSTA audits. WesPay had proposed that we have an agreement, even if it is not necessary. While federal regulators do not apply the AAE rules, a successful financial institution should have appropriate management and control processes in place to ensure compliance with these rules.