Compliance Services
PAR conducts audits and risk assessments in ACH, e-banking, RDC, instant payments (RTP and FedNow), and wire transfers, and can provide consultation and customized training for financial institutions, Third-Party Senders, and Third-Party Service Providers.
For financial institutions and organizations operating in the payments space, regulatory compliance is an advantage. PAR’s certified team of advisors takes the complexity out of the rules and regulations, delivering expert guidance tailored to your institution’s unique situation. We don’t just close compliance gaps—we help you uncover opportunities to improve operational efficiency and security.
Our risk and consulting team members are well-versed in current and emerging payments and the regulations each payment must follow. PAR is a Direct Member of Nacha, works with payments regulators, and many on the PAR team are accredited AAPs and/or APRPs. We adhere to the highest industry standards with a commitment to delivering you excellent results and guidance.
Endorsed by Former Federal Reserve Regulator
PAR leverages its proprietary software, Automated Risk Tool (ART), to streamline the information consolidation process and evaluate and generate reports related to rules compliance audits. To ensure our software meets the most stringent regulatory standards, we sought an independent review from a former Federal Reserve regulator. This endorsement is a testament to our dedication to quality and compliance, setting us apart in the industry.
“The reviewer completely endorses all the ART documents, including audit reports, risk assessments, and client questionnaires. The ART documents clearly meet regulatory guidelines and expectations. This endorsement is based on the reviewer’s extensive bank operations, retail and wholesale payments, information technology (IT), and regulatory professional experience. All the ART documents included in this report are extremely thorough, detailed, and comprehensive, and provide clients, regardless of size or complexity, professional products that meet or even exceed industry expectations. The reviewer highly recommends ART to financial institutions, service providers, third-party senders, regional payments associations, and IT/Payments audit firms.”
Tony DaSilva, AAP, CISA
For more information, please call us at 1-866-993-3753 or send an email to riskandcompliance@paymentsfirst.org.
Ensure Your Nacha Rules Compliance Audit is Conducted by a Direct Member of Nacha
It's crucial to have your Nacha Rules Compliance Audit conducted by a Direct Member of Nacha. As the rulemaking authority and owner of the Nacha Operating Rules, Nacha is responsible for creating and overseeing these regulations. PaymentsFirst, as a Direct Member of Nacha, is deeply involved in every step of the rulemaking process, from its inception to its implementation. Our unique position grants us comprehensive insights into the entire rulemaking process.
Our team of risk consultants and auditors is extensively trained in all aspects of the Nacha Operating Rules. Many of our advisors have achieved prestigious certifications such as Accredited ACH Professionals (AAP) or Accredited Payments Risk Professionals (APRP), further demonstrating our commitment to excellence and compliance.