SFE has payment experts to assist you with your risk and compliance needs by providing innovative solutions for organizations faced with regulatory challenges. Our staff provides actionable approaches to solving your payments compliance challenges. Whether we conduct your ACH Audit, ACH Risk Assessment, RDC Audit, RDC Risk Assessment, Wire Audit or provide custom training/consulting, we apply our knowledge of NACHA Rules and payments regulatory guidelines to ensure your compliance needs are exceeded.
Payments Training Solutions
We offer a wide variety of training on payment systems rules and regulations as well as risk and fraud topics in various formats to best meet your educational needs.
News and Info
Scams have become part of everyday life. Gullible consumers watch videos or hear infomercials that advertise “things that are too good to be true” and fall for it. Unfortunately, this has happened in the ACH Network. Hundreds of thousands of consumers have viewed social media and videos posted by scam artists resulting in significant fraudulent activity. However, ACH transactions can easily be tracked to the point of origin. ODFIs that allow these fraudulent entries are subject to Rules Enforcement actions from NACHA as well as reputational risk. Read more.
Effective September 15, 2017
FedACH recently released the Same Day ACH Phase 2 Processing Schedule which is effective September 15, 2017. This schedule includes transmission deadline, target distribution and settlement schedule.
A faster way to pay and be paid is coming for consumers and businesses. Through unprecedented industry collaboration, the Faster Payments Task Force – a coalition of more than 300 diverse payments industry stakeholders – is charting the course for the modernization of the U.S. payments system for the benefit of all.
August 22, 2017
August 23, 2017
August 24, 2017
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The Mark of Excellence signifies that Southern Financial Exchange, through its Direct Membership in NACHA, is a specially recognized and licensed provider of ACH education, publications, and support.