Centrix File Processing System

The competitive landscape of the financial industry continually challenges financial institutions to meet the unique requirements of corporate clients. This is particularly evident when clients require special transaction files or wish to send the institution uniquely formatted files. Manual processes are inefficient and error-prone. Automation is the key.

The Centrix file processing system, CentrixFPS™, is a software platform used to automate special transaction processing requirements for financial institutions. It provides institutions with a standard platform from which customized processing of transaction data is performed, with unique rules defined at the account level. One client wants a daily BAI2 file, another has special needs for EDI translation and reporting of corporate payment data, and others have special ACH processing requirements. CentrixFPS™ is the answer.

Below are several examples of how this technology is helping banks meet the needs of corporate clients in the most cost effective manner possible. Other customized rules can be added based on your needs.

EDI Translation & Reporting of Corporate Payment Data from ACH Addenda Records

Processing ACH files to extract EDI payment information from ACH (CTX) addenda records for specific clients. An output file and detailed report are created for each client containing the payment information.

Special ACH Processing Rules for Corporate Clients

Extracting ACH returns for specific customers and then creating an ACH return file for each client.
Processing all ACH files each day and creating an ACH file that contains only the ACH activity for the clients accounts.

BAI2 File Processing

Extracting daily posted transactions for specific clients and creating client-specific BAI2 files.
Processing an incoming BAI2 file from a third party (i.e. Wells Fargo) to post charges, build analysis addenda for correspondent deposit services, or otherwise integrate the BAI2 data with the core processing system.

When demanding, yet profitable, clients challenge your operations staff with special file processing requirements, you must consider automation. CentrixFPS offers such automation and is an example of how technology from Centrix, tailored to your environment, will help you meet or exceed the service level your clients expect without "taxing" your staff.

Special Processing Rules for EDI Translation, ACH & BAI2