The ACH The ACH is a network of regional associations, inter-bank associations, and private-sector processors. ACH payments are processed and settled electronically, thereby increasing reliability, efficiency and cost effectiveness. ACH payments are generally settled in one day or greater. Admin Approval/Activity function lets you review recent and pending ACH activity. If you are an ACH administrator, you can approve, delete or deny pending batches. Uploaded batches will be displayed in the Completed ACH Activity table.
To display the ACH Admin Approval/Activity screen:
· Select the ACH option on the Funds Transfer menu and then click ACH Admin Approval/Activity. The ACH Admin Approval/Activity screen appears.
The screen may contain the following tables, one for pending batches, one for denied batches, one for completed and uploaded batches. Note that you can sort any table by clicking the up and down arrows in the column headers. The information in the tables is sorted by effective date, allowing those FIs who do not use ACH File mover to manage each possible batch by effective date.
ACH Administrative Tasks
· To approve a pending ACH submittal, check its Select box and click the Approve button.
· To deny a pending ACH submittal, check its Select box, fill in a Deny Message and click the Deny button.
· To see details for any batch listed on the screen, click the magnifying glass in its Details column. The system launches a second browser window, from which you can view or print the batch data.
Note: Only the initiator of a denied ACH transaction An ACH transaction is an entry within the NACHA file that indicates how the participant The participant is the individual or organization that will be affected by the ACH transaction (payee or draftee). An ACH transaction may debit or credit a participant's account, e.g., a payroll deposit or a payment for services rendered. The participant information is referenced by the ACH transaction.'s account should be affected. The transaction includes a reference to the participant, how the account is affected, and the amount. can delete that transaction.
If you are required to prefund ACH activity, you will have FI Pending batches that may not be re-submitted while awaiting FI review and approval