PaymentsFirst Advisory Resource (PAR)
Payments Audits, Risk Assessments & Compliance Consulting
Payment requirements and risks vary by channel. PaymentsFirst Advisory Resource (PAR) helps financial institutions and organizations in the payments space review controls, assess payment risk, and address compliance and operational questions across ACH, online banking, remote deposit capture (RDC), RTP, and wire transfers. From ACH audits to targeted risk assessments and consulting, PAR can help your organization understand its processes and identify areas for attention.
PaymentsFirst members receive discounts on PAR services.
Payment system assessments
Review controls across your payment channels
Explore audits and risk assessments for the payment services your organization operates. PAR offers ACH audits and risk assessments, along with reviews of e-banking, RDC, RTP, and wire transfers. The scope depends on your organization and the services you provide.
ACH Audits
Review ACH activities, procedures, and controls against the Nacha Operating Rules and Guidelines. Audit requirements depend on your organization and role in the ACH Network.
Explore ACH auditsACH Risk Assessments
Review ACH activities, inherent and residual risk, and the controls supporting your organization’s risk management program.
Explore ACH risk assessmentsE-Banking Risk Assessments
Review risk considerations for online and other electronic banking services.
Explore e-banking assessmentsRemote Deposit Capture (RDC) Assessments
Review RDC practices, risk processes, and internal controls.
Explore RDC assessmentsRTP Audits
Review RTP operations and the RTP Participation and Operating Rules.
Explore RTP auditsWire Transfer Assessments
Review wire transfer processes, risk practices, and internal controls.
Explore wire transfer assessmentsConsulting and education
Get guidance for payments decisions and operations
Talk with PAR about a complex compliance question, a new payment service, a conversion, policies and procedures, or payment operations.
Compliance Consulting
Get guidance on payment rules, compliance questions, policies and procedures, new services, and conversions.
Explore compliance consultingProcess Optimization
Review workflows, reconciliation, reporting, and exception processing to identify practical opportunities to improve operations.
Explore consulting supportPayments Education and Training
PaymentsFirst, PAR’s parent organization, provides tailored training for financial institution teams, including branch, operations, compliance, and internal audit staff.
Explore PaymentsFirst trainingAudit and risk assessment support
Automated Risk Tool (ART)
PAR’s proprietary Automated Risk Tool helps consolidate information and supports evaluation and reporting related to rules-compliance audits.
A client perspective
The communication with the auditor was clear and efficient. Overall, it was a smooth and time-saving experience.”
Crossbridge Community Bank
Talk with a payments specialist
Find the right next step for your organization.
Contact PAR to discuss an audit, risk assessment, compliance question, or consulting need.