05/09/2008
04/15/2008
03/15/2008
02/4/2008
The FedACH Services product suite provides financial institutions with efficient, low-cost batched payment services that enable an electronic exchange of debit and credit transactions through the Automated Clearing House (ACH) network. The suite includes a wide range of easy-to-use services that conveniently and seamlessly integrate with all Federal Reserve Financial Services and offer a variety of access and connectivity options.
Provide scheduled and on-demand file delivery, 14 different sort options and the flexibility to prioritize and route specified files to your institution or processor.
Provide depository financial institutions with tools to help mitigate ACH risk.
Enhanced control, flexibility and automated ease in monitoring ACH risk, regardless of the network entry point or your ACH software.
Provides notice of unusual conditions within a Receiving Depository Financial Institution’s (RDFI’s) incoming FedACH files. Helps alert the RDFI to potential fraud attempts and/or significant origination errors.
Produce reports of returns by originator for a single day or up to 10-day processing days within the previous 60 business days.
Easily accessible and cost-effective way to electronically send international transactions via the same process used to send domestic ACH transactions.
Send ACH credits and debits to Canada with the option of settling the payment in Canadian or U.S. dollars.
Send ACH credit transactions to Mexico and convert U.S. dollars to pesos.
Send ACH credit transactions to Austria, Germany, the Netherlands, Switzerland and the United Kingdom in a variable amount of local currency using foreign exchange conversion.
Available now via FedLine Web or FedLine Advantage. FedEDI Plus enables financial institutions to automatically search ACH files for financial EDI messages, translate this payment and remittance information into human-readable reports, then distribute this information to your business customers to match ACH payments to documentation, such as invoices or payroll records.
Information-only copy of the FedACH file delivered to the financial institution's processor; can be used to automatically create return item and NOC transactions.
FedInsights helps supply financial institutions with the insight they need to maintain effective and efficient control over their payments, all through the convenience of their FedLine electronic access solution.
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