ACH payment process policy
The ACH payment process policy from TechRepublic Premium describes the procedures the organization and its representatives must use when paying any approved invoice from any authorized vendor, supplier, consultant, contractor, government agency, or other authorized product, services or tax authority via a manual electronic payment.
Unauthorized parties continually work, sometimes using automated programmatic attacks, to intercept and disrupt authorized electronic payments and even generate unauthorized payments to illegitimate accounts. The purpose of the ACH payment process policy is to ensure all organization accounts payable, accounting, finance, and administrative employees and representatives understand the procedures to be followed and safeguards to be observed whenever creating and completing outgoing electronic payments.
This policy can be customized as needed to fit the needs of your organization.