Caitlyn Mullins NYDFS issues $40MM for BSA/AML Failures Recently, the New York State Department of Financial Services (NYSDFS) issued a penalty of $40 million to Block, Inc. This fintech, formerly known as Square, is licensed in the state of New York to op... Jun 3, 2025 Insights
Caitlyn Mullins 5 Signs Your Payment Operations Need an Upgrade In today’s fast-paced financial landscape, efficient payment operations are critical for customer satisfaction, regulatory compliance, and business growth. Yet many organizations continue to rely on o... Jun 2, 2025 Insights
Caitlyn Mullins Payroll Processors & Money Transmitter Licenses: Could Better ACH Risk Management Have Steered Them Clear of Regulator Overreach? Regulators are backing down from the controversial orders they have been handing out left and right to financial institutions. However, it seems that some state regulatory bodies are now creating cont... Jun 2, 2025 Insights
Caitlyn Mullins Who Wins Without Open Banking? Spoiler: It’s Not You The CFPB is backing down fromits Open Banking Rule and it’s honestly a curse disguised as a blessing to the industry. The blessing is that it puts the power back into the hands of banks and credit uni... May 31, 2025 Insights
Carlos Ortiz NEACH Payments Group Launches BSA Audits to Help Financial Institutions Prepare for Upcoming Nacha Rule Changes NEACH Payments Group (NPG) is excited to announce the launch of its first BSA (Bank Secrecy Act) audit service, offering financial institutions (FIs) expert guidance in aligning BSA/AML (Anti-Money La... Feb 28, 2025 News
NEACH, Joseph Nompleggi Validation of Nacha’s Request for Audit Certifications Nacha Audit Certification Requests Nacha may request copies of audit certifications as part of their compliance efforts. These requests will come directly from Nacha’s compliance department. If you re... Jan 27, 2025 News
NEACH, Joseph Nompleggi NEACH Payments Group Seeks a Dynamic Client Services Coordinator Join our Team! NEACH Payments Group is excited to announce an opportunity to join its team as a Client Services Coordinator . This full-time administrative role is integral to the organization’s missi... Jan 17, 2025 News
NEACH, Joseph Nompleggi Positive Pay Market Survey Infographic Executive Summary While check writing continues to decrease—Federal Reserve check collection has declined 82% over the past 30 years — check fraud continues to rise. In fact, experts believe check fra... Jan 2, 2025 Insights
NEACH, Joseph Nompleggi Navigating Audit and Risk Assessment Findings Quarterly Town Hall Recording Watch NEACH Payments Group’s Quarterly Town Hall: Navigating Audit and Risk Assessment Findings . Our team shares valuable insights and actionable strategies for addressi... Dec 18, 2024 Insights
NEACH, Joseph Nompleggi Sandra Cinelli Roland Joins NEACH Payments Group Leadership Team as Lead Advisor Join our Team! BURLINGTON, MA — NEACH Payments Group (NPG) is pleased to announce the addition of Sandra Cinelli Roland, AAP, APRP, CAMS, NCP, to its leadership team as Lead Advisor. A seasoned expert... Dec 6, 2024 News
NEACH, Joseph Nompleggi FinCEN Proposes Sweeping Changes to AML Program Requirements The Financial Crimes Enforcement Network (FinCEN) has issued a Notice of Proposed Rulemaking (NPRM) that could significantly alter the landscape of anti-money laundering (AML) programs for banks, cred... Jun 28, 2024 News
NEACH, Joseph Nompleggi Top 10 ACH Audit Findings and How to Address Them Findings Recommendations As ACH Network participants, it's crucial to stay compliant with Nacha Operating Rules. NEACH Payments Group has analyzed our second quarter 2024 audit findings and identified... Jun 28, 2024 Insights
