The Centrix ACH Risk Reporting system provides a financial institution with unparalleled insight into both inbound and outbound ACH transaction activity. The system provides a simple method of performing management-level ACH risk analysis to meet regulatory and NACHA reporting requirements.
EXECUTIVE OVERVIEW
Summary
ACH Risk Reporting is part of PIQS... The Centrix Electronic Payment I.Q. System™, which provides financial institutions with a transaction repository of all (inbound and outbound) ACH transaction activity. The system includes both on demand (ad hoc) reports as well as scheduled report production. Flexible report filters allow analysis to be done for the entire institution, for a specific customer (or group of customers) or for a specific transaction type. Exception reporting identifies transaction activity that warrants further review such as excess unauthorized returns, exposure concerns or unauthorized originated activity. Authorized users can create a report template to be used as a scheduled report or made available as an on demand report.
Originator Profile
The Originator Profile includes transaction rules for originated activity and is the foundation for identifying exceptions. Companies with transaction activity beyond their profile rules will be on the exception report. Transaction rules are flexible and can include exposure limits (single day and multi day), authorized SEC codes, authorized account numbers, risk rating and calendaring rules.
For large companies with diverse origination requirements, multiple business units can be associated with a single originating company, with profile rules defined at the business unit level. Transaction analysis and exception reporting can be performed at the business unit level or the corporate level.
Reports
State of the art reporting technology includes graphs and charts for executive level reports as well as detail reports that can be created in PDF, HTML or Excel formats. The following reports are included in the system:
- Board Reporting Graphs (trend analysis)
- Exception Reporting
- Fraud Monitoring (unathorized returns > 1%)
- High Risk Originators
- Limit Reporting
- Monthly Volume Analysis
- Originator Transaction Types
- Quarterly New & Cancelled Originators
- Transaction Amount Analysis
To discuss ACH Risk Reporting in more detail or receive additional information,
contact us via email at info@centrixsolutions.com or call 402.488.3990.
