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 & reporting to ACH returns reporting, the system provides an automated transaction reporting system including email notification to the client and secure, web-based delivery of the reports. From an operations standpoint, this all happens automated and unattended.
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.
Features & Benefits
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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
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Automatic transaction reporting to clients (electronic file or report)
- ACH notice of change (NOC)
- ACH returns
- ACH transactions
- EDI payments – translate EDI detail from ACH payments.
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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
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.
