As the FedEDI® Plus Service has evolved, the service’s name has also changed to better reflect the expanded reporting capabilities that now extend well beyond the conversion of electronic data interchange (EDI) payment information. The FedPayments® Reporter Service — the new name for FedEDI Plus — can expand your reporting capabilities. It scans through all of the fields in your automated clearing house (ACH) transactions, creates the reports you selected and even delivers them to you and your customers — automatically.
The FedPayments Reporter Service can help you do many things:
With the delivery options available from FedPayments Reporter, you can deliver value-added information to your customers via the same well-established delivery channels they are accustomed to using. On-us Inclusion and Reports via FedLine® access solution functionalities help you provide customers with a complete picture of payment activity. You send a file of on-us/on-we transactions to FedACH Services for inclusion into remittance advice reports and deliver that information via FedLine connection to enable population of Internet banking cash management portals.
The FedPayments Reporter Service continues to expand its reporting capabilities. The most recent round of enhancements, anticipated for implementation in second quarter 2012, will add new functionality that includes:
We encourage you to review examples of all the reporting possibilities and more on the service home page. Please do not hesitate to contact your account executive, FedACH Sales Specialist or FedACH Central Operations Support (COS) site with any questions. You can find the contact information specific to your institution by typing your ABA number into the My FedDirectory® Service.
“NACHA” is a registered trademark of NACHA – The Electronic Payments Association.
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