ACHLinks
Who should attend this class?
- Employees involved in ACH - Fedline operators and employees originating CD interest, loan payments, and payroll.
- Supervisors, branch managers, auditor, and compliance personnel.
Morning Processes
- Standard In-House
- Standard Data Center
- DC Mode (if needed)
This section of the class will encompass receiving the ACH files from Fed and posting those files on Meridian. It will include the processing steps of a bank receiving four or more files in the morning and the process that merges the four files into one to decrease the time spent processing the files as well as to increase the efficiency of the reports that will be posted on the Internet. We will also discuss the standard Data Center Bank steps to receive the ACH file from the data center and to process this file most efficiently. If necessary, we will discuss processing a commingled file that a data center would process and how to split off several banks’ ACH files to decrease the amount of time spent processing ACH.
Translation
This section will cover the translation tool, which is used to make automatic changes to routing numbers and account numbers. This tool is indispensable when dealing with mergers and acquisitions and can save the bank an enormous amount of time and money.
PrePass Items
This section will discuss ACHLinks’ ability to adjust or repair items before they are posted on the Meridian system. If your bank’s reject list from ACH items has become more of a hassle than it is worth, this system will allow you to eliminate worrisome delays in the posting of trouble items. Not only will the system allow you to fix rejects before they post--the ACHLinks system will also tell you which items need your attention.
Create NOCs
This section will show you how to easily inform the originating institution how your routing number, account numbers, and transaction codes need to be processed to prevent delays in posting.
Process Return Files
The ACHLinks system, linked to the NSF Pay Selection system in Meridian, will allow you to quickly and easily return your ACH items. Whether you have 5 or 500 returns for the day, your time investment to return these items will remain the same.
Originations
- NACHA files
- Text files
- Loan and CD origination files
- Batch entry
The ACHLinks system can process a wide variety of files. Are you still sending your on-us transactions to Fed only to return to your bank the next day? With ACHLinks, you can trim the on-us transactions off so you will not have to pay for a transaction leaving your bank today only to pay for the same transaction to coming back the very next day. The ACHLinks system can also import text files and convert them into NACHA files. If your customer has Excel or another similar product, they can provide you with a way to originate payroll, club dues, or the like.
Settings
The ACHLinks system has detailed settings to allow you to give selected permissions to authorized users.
Reports
Have you ever wondered what the file you posted or originated to Fed really contained? With the reports provided by the ACHLinks system, you will know what you need to know exactly when you need to know.