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Best practices for enrolling vendors in ACH
December 4, 2023
Q. Can you tell me some best practices and/or procedures when enrolling vendors unto ACH? How do you verify the account information? Is there a standard vetting process?
A.
(Addressed by Debra Richardson, a third-party Vendor Master File Advisor https://www.debrarrichardson.com.)
I am glad you are reaching out to inquire about best practices for avoiding fraud, compliance fines and bad vendor data when enrolling vendors in ACH. There is no one size fits all, and there is no silver bullet to…
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