FedACH® Services
New FedPayments® Reporter Service SEC Code Report and more
May 15, 2012
New reports are now available from the FedPayments Reporter Service (formerly named the FedEDI Plus® Service), as well as an additional format for the straight-through processing file:
- An ACH Volume Summary by SEC Code Report is now available. The report reflects dollar totals, entries and addenda counts for debits and credits by SEC code. The report can be generated on a scheduled or on demand basis. The report can be generated for activity at the ODFI/RDFI level and at the originator/receiver level.
- An option now exists to generate the Payment Data Information File in a NACHA format. Receivers with EDI-compatible accounts receivable systems can use this file to automatically post and close open receivable items in their accounting systems. This straight-through processing option could result in significant time savings and error avoidance compared to using the human-readable EDI reports that require manual accounting entries.
- The Remittance Advice Summary and Detail reports can now be generated at the originator level. Originators may find this information useful to better understand ACH entries they have originated.
Please refer to the FedACH® Services 2012 Fee Schedule to review the fees associated with these new reports.
To start automatically generating any of the new reports, current customers of the service need only go into the FedPayments Reporter Service screens in their FedLine® access solution and change the drop down field associated with the desired report from "no report" to the report format of their choice.
To learn more about how to get started generating automated FedACH reports, review the FedPayments Reporter Service page or use the My FedDirectory® Service to find customized contact information for account executives and FedACH sales specialists.
Announcement
New reports and an additional format are now available from the FedPayments® Reporter Service (formerly named the FedEDI Plus® Service). The new additions include an ACH Volume Summary by SEC Code Report, as well as an option to generate the Payment Data Information File in a NACHA format.
To learn more about how to get started generating automated FedACH® Services reports, review the FedPayments Reporter Service page or use the My FedDirectory® Service to find customized contact information for account executives and FedACH sales specialists.
