IT Examiner School

Third-Party Service Providers

An ODFI or an RDFI may outsource ACH processing functions to a third-party service provider

Providers might perform various processing functions on behalf of the ODFI, the originator, or the RDFI

Third-party senders send ACH files on behalf of an originator

General ACH Risk ACH transactions are usually considered one of the higher risk EFT transactions, especially for the ODFI.

Credit Risk

Liquidity Risk

Operating Risk

Third-Party Payment Processor Risk