As of June 2019, the FedPayments® Reporter Service for FedACH® Services now includes a new ACH Originated Entries Detail Report and a new machine-readable Nacha-formatted ACH Return Item File. Associated fees are now available on the FedACH Services 2020 Fee Schedule.

ACH Originated Entries Detail Report

The new ACH Originated Entries Detail Report provides selected key information for originated entries for the entire originating depository financial institution (ODFI) ABA and/or the information for a specified originator. The report can be automatically generated on a daily, weekly and monthly basis. On-demand options are also available. The human-readable formats (PDF, TXT, HTML) contain a few fields while the spreadsheet formats (XLSX, CSV) contain many more. An advanced setup feature is available to limit the report to specific entries: standard entry class (SEC) codes, number of entries, forward, return, notification of change (NOC), debit, credit or Same Day settlement. The report may not align with FedACH billing. Scheduled formats support up to 100,000 entries, while on-demand formats support up to 10,000 entries.

The spreadsheet formats may be useful for many purposes, such as:

  • Identifying entries that settled Same Day
  • International ACH transaction (IAT) reporting needs
  • Identifying large volume/dollar customers
  • Searching/sorting/summing/counting by available fields
  • Creating charts and graphs

The report contains the same columns in the same order as the ACH Received Entries Detail Report, which enables combining spreadsheets to view:

  • Origination and receipt activity together
  • Information from multiple ABAs together
  • Information from multiple time periods for trending and research purposes

ACH Return Item File

The new ACH Return Item File is a machine-readable Nacha-formatted file containing information for return items and operator-rejected entries received by an originator. This straight-through processing (STP) option could result in significant time savings and error avoidance when compared to using the human-readable reports. Originators with compatible back-end systems can use this file to automatically apply their return item activity. An advanced setup feature is available to configure the file to meet specific needs of various back-end systems. The file can be scheduled on a daily basis to automatically scan for returns, and an on-demand option is also available.

Questions?

If you have any questions on the FedPayments Reporter Service for ACH Service, including how to sign up, contact FedACH and Check Services Customer Support.