Edit Batch

The Edit Batch function lets you make changes to 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. batches that have saved or deleted status. An ACH batch is eligible for editing if:

To display the Edit Batch screen:

·         Select the ACH option on the Funds Transfer menu and then click Edit Batch. The Edit Batch screen appears.

The Template The template contains the essential characteristics of the ACH batch, such as the name of the template, the type (class code) of ACH transmission (CCD The ACH payment format used for concentration of funds between or within companies. A single 94-character record contains the standard entry class indicating the type of transaction, routing and transit numbers of the ODFI Originating depository financial institution, The FI issuing an ACH file(s) on behalf of its client. and RDFI Receiving Depository Financial Institution, the FI that receives the ACH debits or credits on behalf of an individual, or business client. and the originator and receiver account numbers. CCD is the only corporate ACH format that does not have space for additional addenda information, but it does contain space for a reference number. or PPD Prearranged Payment or Deposit, the ACH payment format by which consumers may authorize credits or debits to their accounts by a company or financial institution a bank, thrift, or credit union. These are normally recurring payments in fixed amounts.), and the offset account. Although AXIS Cash Management only lists CCD & PPD, the application will create the appropriate CCD+/PPD+ ACH Batch if a 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. with an addendum is associated with this batch. Name drop-down list contains all batches that are eligible for editing. When you choose a batch from this list, the screen is populated with the batch data.  If you are required to prefund batches, balanced templates that were created prior to prefunding enablement will fail upon initiation.

This function provides the same editing options for batch data as does the Initiate Batch The Cash Management end user initiates an ACH batch by reviewing the transfer information and assigning a settlement date. Once all of the information is deemed correct by the user, the system creates a formatted NACHA file with all of the batch information. function. After editing, you can click the Save button to save the batch in its current state (its status will be changed to Saved, but the altered data will be retained) or you may click Initiate to submit the batch for processing.

You can delete the selected batch by clicking the Delete button. Be careful when using this option! The deleted batch cannot be recovered later, so any manually edited data will be lost permanently.

Note: If you are enabled for ACH Prefunding you must initiate unbalanced batches.