The FedACH Risk Origination Monitoring Service allows originating depository financial institutions (ODFIs) to monitor Automated Clearing House (ACH) batches associated with selected routing transit numbers (RTNs) and company IDs. You can control ACH payments originated by your customers regardless of the network entry point or your ACH software. The service enables you to tailor and self-administer the monitoring criteria to reflect your particular risk management strategies and customer profiles. Request that we contact you (Off-site) regarding your interest in FedACH Risk Management Services.
Set and control debit and credit caps by routing number or using an inclusive or select list of company IDs
Monitor accumulated totals over a single processing day or across multiple exposure days
Receive e-mail notification if caps are exceeded
Set end-of-day defaults to release or reject pended batches in extraordinary circumstances
Generate a variety of monitoring reports-criteria summary reports and historical management criteria and origination monitoring event reports
Monitor ACH risk as part of an integrated ACH and account management system
Access customer service easily from knowledgeable support groups
"It's a more complex environment today, and a number of tools are needed to fulfill our monitoring responsibilities. If I were talking to bankers, I would say, 'Use FedACH Risk Origination Monitoring to complement and improve risk management practices in your bank.'"