What is Part 2 of the annual ACH audit?

Part 2 of the annual ACH audit assesses and helps the customer with adherence to the Rules on, among other things, the appropriate use of SEC (Standard Entry Class) codes, transaction accuracy, and third-party notices, authorizations, and cancellations.   

Start with Security

We recommend starting with Part 1 to help customers defend against credit-push fraud.  In addition to helping the customers identify and remediate gaps, the LexAlign Security Module also furnishes the customer with a customized Security Policy as required under the Rules in case they don’t have one.