Rethinking Security Around ACH Information

By Pam Miller, APMD - For those AP departments converting vendor payments from check to ACH, it is an ironclad rule that all banking information (routing and account numbers) be maintained in a secure fashion. Access must be limited to only those who need the information, and documents containing this highly sensitive information must be secured under lock and key. When ensuring that the banking information is accurate and that the vendor is indeed willing to accept payment via ACH, AP…