FedACH Risk® RDFI File Alert Service

The FedACH Risk RDFI File Alert Service provides notice of unusual conditions within a Receiving Depository Financial Institution’s (RDFI’s) incoming FedACH files. The service helps alert the RDFI to potential fraud attempts and/or significant origination errors. View the FedACH Risk Management Services product sheet (PDF) to learn more about the benefits. Request that we contact you regarding your interest in FedACH Risk Management Services.

Key Features

  • Access the service through your existing FedLine® Customer Access Solution: FedLine Web® or FedLine Advantage®.
  • The service is included in your FedLine Customer Access Solution monthly fee.

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How It Works

  • The turnkey, user-friendly service requires no additional information technology resources at your institution.
  • The service monitors individual FedACH output files – one file at a time – without interfering with or delaying payments processing.
  • You select your file thresholds based on debit dollar amount, credit dollar amount and/or transaction (item and addenda) count.
  • The service compares debit and/or credit values and/or file size of each outbound file against the thresholds you have defined.
  • Your designated points of contact receive e-mail alerts at the time of FedACH file distribution on any file exceeding the pre-set thresholds.

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Service Benefits

  • Use the service to help proactively manage your potential risks as a RDFI.
  • Strengthen and support your institution’s overall risk management strategy.
  • Gain valuable time for research and action from notifications that arrive throughout the day.
  • Improve time-consuming and potentially error-prone manual monitoring processes.
  • Leverage reporting features to help address audit and compliance concerns.
  • Act on potential issues earlier to minimize their effect on your institution.
  • Help alert your institution to potential fraud attempts and/or significant originated errors.
  • Strengthen your risk management processes by making your institution’s ACH receipt more transparent to your institution, even if you outsource your FedACH processing or have complex organizational structures.

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Service Setup

Using the FedACH Risk RDFI File Alert Service requires only that your institution has access to the FedLine Web or FedLine Advantage access solution, that your designated staff has access to FedACH Information Services and that you complete and submit Attachment J of the FedACH Participation Agreement. Then you are ready to set your monitoring criteria and begin putting this valuable monitoring tool to work.

To start using the FedACH Risk RDFI File Alert Service, visit the Service Setup page or contact your FedACH Sales Specialist or your FedACH Central Operations Site.

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Access Easy–to–Tools

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