September 2017: Third Party Sender Registry

Effective September 29, 2017

The Third Party Sender registry is being created to improve the overall quality of the ACH Network and promote appropriate due diligence among Originating Depository Financial Institutions (ODFIs) processing for Third-Party Senders (TPS).

The new rule will require all ODFIs to register their TPS customers with NACHA, providing the following information regarding each TPS for which the ODFI provides ACH services. 

• TPS Name
• TPS Location (City, State)
• Routing Number
• Company ID(s)

After the initial registration, NACHA may request supplemental information about a TPS regarding any potential risk event. A risk event is defined as “cases in which NACHA believes that a TPS in the ACH network poses an escalated risk of (i) financial loss to one or more Participating (Depository Financial Institutions) DFIs, Receivers or Originators, (ii) violation of the (NACHA) Rules or Applicable Law, or (iii) excessive returns.”

For additional information regarding these rule changes, or to request a copy or access to the latest ACH Rules from PNC, please contact your Treasury Management representative.