As ACH gains momentum as a payment channel, it stands to reason that corporate customers will require more sophisticated services related to ACH and FI’s will look to automate. To help institutions respond, Centrix offers the Exact ACH Reporting System (Exact/ARS)
ACH Reporting for Clients: With features ranging from EDI translation to ACH returns reporting, the system provides automated transaction reporting with email notification to clients and secure delivery of the reports/files. From an operations standpoint, this all happens automated and unattended.
Customize EDI Translation Rules: Exact/ARS incorporates EDI translation rules that the financial institution can optionally define to customize the description that appears on the EDI statement for a client. For example, a payment to a municipality (client) from the Department of Transportation (originator) might include "07-123456" in the EDI data, but the client may want a more clear description such as "Highway 101 Funds".
ACH Returns Processing for the FI: Exact/ARS provides financial institutions with simple and efficient tool to review and process incoming ACH returns. Each day, the returns processing screen is populated with “today’s” incoming returns along with the charge back account defined for each originator. Back office personnel can review all returns or only returns that need a charge back account defined. Ultimately, a transaction file is created to post on the core processing system.
Exact/ARS Features & Benefits
-
Automatic transaction reporting to clients (electronic file or report)
- EDI payments – translate EDI detail from ACH payments
- ACH returns
- ACH notice of change (NOC)
- All ACH transactions
-
Client-level business rules to meet unique requirements
- Flexible output formats (NACHA, PDF, Excel, Comma Separated (.csv), XML
- Multiple accounts in a single file/report or a separate file/report for each account
- Secure, web-based delivery of reports and electronic files
- Deliver reports for files as encrypted email attachments
- Customize transaction rules by client to translate EDI data to clear descriptions
-
ACH return transaction posting file
- Automatically create a posting file to debit/credit the client for incoming ACH returns and eliminate manual data entry of these items
Exact/ARS can be deployed as an extension of the Centrix Exact/TMS check positive pay and ACH fraud detection system, or as a stand-alone web-based application. Both in-house and hosted implementations are supported.

To discuss Exact/ARS in more detail or receive additional information,
contact us via email at info@centrixsolutions.com or call 402.488.3990.