Criteria
Becoming NACHA Certified demonstrates that as a Third-Party Sender, your company has met NACHA standards that include a solid risk and compliance program, stability, sound governance, and has strong core ACH practices in place.
Your company’s initial application includes:
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certifying that it has been in business at least two years;
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authorizing NACHA to perform background checks of key individuals from your company or an attestation and documentation of applicable background checks already preformed;
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providing the two most recent audited annual financial statements, and most recent quarterly financial statement; and
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providing a completed copy of your most recent NACHA Operating Rules Audit.
Then your company will need to attest that it meets the NACHA Certified baseline criteria, which includes:
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demonstrating adoption and implementation of robust compliance and risk management programs;
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showing compliance with the NACHA Operating Rules’ return rate requirements;
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providing attestation that your company has appropriate disaster recovery and business continuity plans in place, and insurance coverage;
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having qualified staff in place who are responsible for ACH operations, and a training program for employees and contractors on the NACHA Operating Rules; and
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demonstrating sound corporate governance and management with appropriate years of experience.
To learn more, download NACHA Certified detailed criteria.
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