Faster Payments

The Clearing House requires all Real Time Payments (RTP) Participants to complete an annual audit to verify compliance with the RTP Participation and Operating Rules, as required by RTP Operating Rule IX.A.2.  Who better to conduct your institution’s RTP audit than your resource for electronic payments information and training? A Southern Financial Exchange payments expert can conduct your RTP audit and examine each facet of your RTP operations. The audit includes a review of compliance with the RTP Participation and Operating Rules, review of online banking products using RTP, areas of compliance, and review of procedures related to processing RTP payments. Southern Financial Exchange is a licensed Direct Member of Nacha and our team of consultants are payments experts. 

The SFE RTP Audit service includes:

• Service checklists
• Client questionnaire
• Review of sound business practices and internal controls
• Review of agreements
• Opening and Exit meetings
• Written report including findings and/or recommendations
• Certification of Audit Form
• Access to auditor for questions

REQUEST FOR PROPOSAL

Tip: Schedule early to ensure availability, efficient preparation time and to avoid additional charges.