Episode 194: 5 Do’s and Don’ts of NOCs from Your Bank When Your Vendor’s Bank Has a New Routing Number

Putting the AP in hAPpy

You are a US company and to make ACH payments to your vendors you send a pay file to your bank and your bank sends the payments to your vendors’ bank. The pay file didn’t fail and everything is great – until you get that Notification of Change (NOC) from your bank. Well, if you don’t know what that is or are not sure they are being worked then….

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Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments.

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Links mentioned in the podcast:

• Verify Routing #’s with Federal Reserve: https://frbservices.org/
• Nacha 2022 Nacha Operating Rules & Guidelines > Store: https://www.nacha.org/store
• Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download
• Essentials Training Series: IRS W-9, W-8, TINCheck.com and 3 Step Vendor Setup & Maintenance Workshop
• Vendor Process Training Pass for weekly vendor process trainings, weekly Q&A sessions, and digital content
• Vendor Master File Clean-Up: https://www.debrarrichardson.com/cleanup
• Free Vendor Process Risk Assessment > Schedule here: https://calendly.com/debrarrichardson/vendor-process-risk-assessment
• YouTube Channel: https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw
• Prevent Fraudulent Payments. Get Your Own Copy of the3 Step Vendor Setup and Maintenance Process eGuide.
• More Podcasts/Blogs/Webinars www.debrarrichardson.com
• More ideas? Email me at [e-mail]
• Music Credit: www.purple-planet.com