Get Ready for IAT
|
Ready or Not, You’re Part of the Global Economy!
|
EPN, the ACH business of The Clearing House Payments Company, is urging financial institutions to prepare for the new IAT transactions in September, 2009.
The recent NACHA rule amendment and format change for International ACH Transactions (IAT) will allow U.S. financial institutions to recognize cross-border ACH payments. Beginning September 18, 2009, all U.S. financial institutions will be affected by the change – including those that are not currently sending or receiving international ACH payments – because they could potentially receive an IAT transaction.
|
Below are some resources to help you get ready for the new IAT.
|
Learn More!
- Register for a Class on-line! Cross border ACH will have an impact on all ACH participants. Learn the responsibilities as an RDFI/Receiver and ODFI/Originator. Check back periodically for new classes to be scheduled soon. These will be free for members program sponsored by EPN to help you in preparing for the IAT implementation on September 18, 2009.
- NACHA IAT Industry Information
|
 
 
|
FAQ, News Releases, Glossary, Scenarios….
Compliance
With the number of cross-border ACH transactions on the rise, you need to be prepared with EPN’s Web-Based Centralized OFAC Screening Service. OFAC requires that you screen all cross-border transactions — originated and received — or risk significant penalties. EPN offers financial institutions of all sizes an easy and effective way to comply with these regulations.
- EPN’s Web Based OFAC Screening Service. This web-based service is the industry’s only centralized database for screening cross-border ACH transactions safely, securely and cost-effectively. And there’s no hassle for you – The lists are maintained and automatically updated by EPN and we send you emails when your ACH files are ready for review.
 Click here to watch a 5-minute demonstration of EPN’s
Web-based Centralized OFAC Screening Service.
|
|
EPN Press Releases
| 
Home
