Payments Risk and Compliance Where You Need It Most

Wire transfers and remote deposit capture (RDC) are essential payment channels—but they also represent some of the highest risk exposure for financial institutions today.

Industry research continues to show that check fraud is increasing, with criminals targeting Remote Deposit Capture services to facilitate fraud, making strong risk management and mitigation controls critical for organizations offering mobile and desktop RDC solutions. At the same time, disbursing domestic and international wire transfers, whether online or through other channels, carries significant operational, fraud, and compliance risks.

Wespay Advisors specializes exclusively in payment risk and compliance. Our team of tenured payments professionals brings deep expertise across wire transfers, checks, RDC, ACH, and instant payments, supported by real-world experience reviewing a wide range of payment programs. We understand how these networks operate and how to help organizations strengthen controls without disrupting business.

Whether you are preparing for growth, addressing elevated risk concerns, or seeking an independent perspective on your payment programs, Wespay Advisors is here to help!
We offer a range of audits and risk review services to meet our clients’ needs:

• Wire Transfer Risk Review: Our service includes a thorough review of your organization’s Wire Transfer policies, procedures, forms, agreements, reports, and related documentation, benchmarking your program against industry practices employed by peer institutions, while providing insight into applicable industry trends and regulatory expectations.
• Enhanced Wire Transfer Audit: Our Wire Transfer Enhanced Audit includes all of the elements of the Wire Transfer Risk Review and adds transaction testing, in which we test a sample of wires your institution transmits to verify that identified controls are consistently executed.
• Remote Deposit Capture (RDC) Risk Review: Wespay Advisors’ team of National Check Professionals (NCPs) conducts a comprehensive evaluation of your organization’s Remote Deposit Capture program, including policies, procedures, forms, agreements, reports, documentation, risk controls, and business practices.
• Enhanced RDC Audit: Our RDC Enhanced Audit includes all of the elements of the RDC Risk Review and adds transaction testing, in which we test samples to verify that identified controls are consistently executed.

Contact us at [email protected] to schedule your audit!