ACH NOC Automation
The changing landscape of the financial industry can be attributed to many factors, primary of which is the continued succession of mergers and acquisitions. Often times, post conversion can be especially hectic for bank operations personnel with the added complexities surrounding transaction processing such as administering ACH Notice of Change (NOC) items.
Although ACH notice of change is not new, many financial institutions – including those involved with numerous acquisitions - manually administer ACH NOC items via labor-intensive manual methods. To remedy this situation, Centrix Solutions offers the ACH NOC processing system as a cost-effective solution to automate the ACH notice of change process, thus producing significant labor savings for the financial institution.
Benefits of the Centrix ACH NOC Processing System
The ACH Analysis and Reporting system provides financial institutions with reports to support the current regulatory requirements associated with ACH risk management and reporting. The system includes both on demand and automatic report generation based upon a reporting schedule. The following report types are included in the system:
- Facilitates operational efficiency by eliminating manual intervention
- Provides accuracy by creating an electronic NOC file to return to the clearing house
- Simplifies research via audit reporting and balancing totals
- Simplifies transaction processing by creating a revised ACH file to process in the core system that includes translated routing/transit and account number information
Reports can be generated for the entire institution or for a specific customer or group of customers
To discuss ACH NOC in more detail or receive additional information,
contact us via email at info@centrixsolutions.com or call 402.488.3990.
