Payment Manager

This package contains several modules that allow you to determine and document your institution’s risk levels as they pertain to retail payment systems, Automated Clearing House (ACH) and Bank Secrecy Act (BSA). Based upon the suggested FFIEC audit procedures, this package helps prepare you for the ACH and BSA audits. It also allows you to document and track your internally prepared audit, and track and report on any audit/examination findings and recommendations.

 The Payment Manager Package contains four modules.

BSA MODULE

  • Create your BSA Risk Assessment from pre-loaded FFIEC or OCC MLR best practice information and customize by adding your own unique BSA related products and services
  • Built-in processes to help overcome effects of optimism bias
  • Provides a framework for consistency regardless of the user or reviewer
  • Compare assessments to each other, past assessments or to pre-loaded information for changes
  • Instantly access downloadable reports from high level summaries, heat maps and detailed associations between objects, risks, and controls
  • Interactive charts make information easy to use and navigation a breeze

ACH & RETAIL PAYMENT MODULE

  • Create your ACH Risk Assessment from pre-loaded FFIEC or OCC MLR best practice information and customize by adding your own unique ACH/Retail Payment Systems-related products and services
  • Built in process to help overcome effects of optimism bias
  • Provides a framework for consistency regardless of the user
  • Compare assessments to each other, past assessments or to pre-loaded information for changes
  • Instantly access downloadable reports from high level summaries, heat maps and detailed associations between objects, risks, and controls
  • Interactive charts make information easy to use and navigation a breeze

CONTROLS AUDIT MODULE

  • Built-in audit procedures associated with controls from the above risk assessments that can easily be customized
  • Audit frequency automatically calculated based upon the inherent risk values (customizable)
  • Audit calendar
  • Assign audit owner(s) to one or more audit procedures
  • Email reminders on pending and overdue audit procedures
  • Attach any audit documentation to support audit findings
  • Prepare and report on audit findings and recommendations
  • Management can easily document and report on recommendation status, such as accepted, ejected or tabled

TASK MODULE

  • Manage multiple tasks, assigned to multiple assignees
  • Email reminders
  • Customize task categories
  • Document stage of completion and actions taken, and add attachments needed to support the steps taken
  • Flexible task reporting