FedPayments® Insights Service
The Federal Reserve Financial Services has created a service to meet industry needs for ACH analytical tools to help inform operational, risk management, and strategic decision making for your institution. The FedPayments Insights Service is a FedACH® business intelligence and analytics service, accessed through the FedLine Web® and FedLine Advantage® Solutions, that allows customers to interact in a dynamic way with their ACH data to easily review daily and historical trends. Financial institutions can obtain fast and accurate information to gain valuable business insights on ACH payment trends and behavior by accessing a more complete view of your institution’s ACH information with all payment data including government and commercial transactions that settled through FedACH Services.
Discover the benefits of the FedPayments Insights Service
- Easily access analytical information on transactions that settled through FedACH for a single RTN or family of RTNs by utilizing historical data, which includes up to two years of detailed information and six years of summarized information
- Provide your senior management with visual reports and trends showing changes over time
- Initial analytical and reporting capabilities include ACH:
- Payment trends and volume summary by SEC code
- Reversals for receiving depository financial institutions
- Return rate by originator
Learn more about the benefits by viewing the product sheet (PDF).
Visual Report Descriptions
- ACH Payment Trends: Creates a visualization of trends showing the change over time for a given data set. Allows users to select individual or combinations of RTN(s) within the RTN family or individual Originator ID. Enables users to view trends over time and more easily identify variances from normal activity. Users will be able to select a single data point to drill down into more details.
- ACH Volume Summary by SEC Code: Summarizes originated and/or received ACH data by Standard Entry Class (SEC) code for a date range and can be filtered down by entry type. Allows users to select individual or combinations of RTN(s) within the RTN family or individual Originator ID.
- ACH Return Rate by Originator: Allows users to monitor return item activity according to ACH Rules on debit returns for all of its originators in a single view. Originating Depository Financial Institutions (ODFIs) can track return rates against thresholds as defined in the ACH Rules. Provides dollar and entry counts in total and by SEC codes.
- ACH Reversals Report for Receiving Depository Financial Institutions (RDFIs): Reports on Reversal received by a DFI, with the data available for up to a six-processing date range for the prior two years. Users can drill down from the ACH Reversals Report to a Receiver Account Summary or to view Transaction Details.
- Review Operating Circular 4, Automated Clearing House, Appendix F4: FedPayments Insights Service, prior to submitting Part 6G (PDF) of the FedACH Participation Agreement to the location listed on the form.
- For current FedLine® Solutions customers, an End User Authorization Contact (EUAC) with authority to manage access for FedACH Services should submit a Subscriber request via the EUAC Center within FedLine Home to grant new subscribers access or to modify current subscribers' access to include the FedPayments Insights Service. Otherwise, the organization must first submit an EUAC Form (PDF) to authorize their EUAC to manage access for FedACH Services.