ACH Clarity ODFI

ACH originations can be an area of significant revenue and profits for a financial institution; however, managing originators requires a balance of risk and reward. ACH Clarity ODFI creates the necessary transparency into ACH transactions that enables management to maximize their profitability from origination relationships while protecting their institution’s capital and making risk manageable

Volume Monitoring. ACH Clarity ODFI provides ACH origination operations with improved oversight of their originator’s operations by providing increased business intelligence into daily activity. ACH Clarity ODFI provides the information to identify unusual activity, ensures conformance to contractual terms, alerts staff to possible network violations and provides management with trend information for managing relationships. Monitoring of ACH transactions can be performed on a daily or as-desired basis. Reporting can be ad-hoc or pre-scheduled.

ACH Clarity ODFI is especially helpful to ACH departments that are required to report monthly and quarterly activity levels to management and boards of directors. Reports can be produced by SEC code, originator, date, file, trends and other user-defined categories.

Limit Monitoring. A critical part of managing risk inherent in ACH originations is the setting of the proper reserves to protect the financial institution against returns and violations. ACH Clarity ODFI provides comprehensive monitoring of origination and return limits, giving users the ability to manage and adjust limits or reserves as ACH volumes change over time.

Risk Assessment. NACHA has placed an increased emphasis on originating banks with excessive returns. ACH Clarity ODFI provides the capability to monitor returns and better manage NACHA’s 1% unauthorized returns rule as well as reports of returns compared to industry averages.

Network Rules Violation Reporting. ACH Clarity ODFI monitors for network rules violations. Violations can be monitored and reported by originator or RDFI.

ACH Clarity RDFI

The threat of fraud and network violations is increasing as the number of ACH debit transactions processed on the network grows. Customer service operations are tasked with the research, support and reporting of customer issues, but lack sufficient tools to manage the work efficiently.

ACH Clarity RDFI enables customer service organizations to create a safe and secure ACH environment for their customers while reducing the cost of managing inbound ACH traffic. The Volume Monitoring capabilities of ACH Clarity RDFI provide financial institutions with visibility into ACH transaction flow by originator, ODFI and SEC code giving support personnel the tools to detect suspicious or unusual activity that would reveal offending originators, phishing attacks and other network anomalies.

Network Rules Violation Reporting. ACH Clarity RDFI provides all of the systems and intelligence to detect network rules violations. This gives support personnel the ability to identify originating institutions that create problems for their customers. Should there be an investigation into a transaction, the receiving bank has all of the necessary Case Management tools to identify, document and report network violations to offending ODFIs or to NACHA.

ACH Vision

ACH Vision is the gate keeper to a financial institution’s ACH Processor and hence, risk.  Using a variety of business rule configurations, an institution can decide how much ACH risk to accept.  Based on a history of ACH files, ACH Vision will generate a default set of risk settings.

Once the risk monitoring rules are in place, ACH Vision will put a hold on any file that violates those rules and prompts the financial institution for next steps.  This allows the institution to focus on files that are deemed risky, pre-empting the need to examine every file before it enters the ACH network.

At a high level, ACH Vision blocks files with these kinds of problems:

• Man-In-The-Browser and Corporate Account Takeover Attacks
• SEC Code Prohibitions and Limits
• Duplicate File and Batch detection
• Unscheduled File Detection based on Calendaring rules
• Unfunded Returns Risk exposure
• Disallowed Keywords
• Phishing Detection
• Non-compliance with ACH Network Rules

Further, ACH Vision provides excellent Audit and Reporting tools.  Every configuration change requires dual authorization.  All file approvals or rejections are logged and available in easy to print reports.  With ACH Vision the ACH traffic audits become a simple matter of running the necessary reports.

ACH FileFox

ACH FileFox is a stand-alone application for directly editing ACH files. It is a compliment to any existing ACH core system and a comprehensive ACH utility. Anyone that is involved in ACH, from regulators to corporations and everyone in between, can benefit from using ACH FileFox.

With a host of ACH-specific features, FileFox makes it easy to handle unplanned situations. Whether it’s a truly unusual need, or simply something that your existing ACH software just doesn’t do, ACH FileFox is ready to help. If you need to create a NACHA file from scratch, ACH FileFox lets you quickly create any kind of transaction supported by the NACHA format. Customizable defaults and NACHA-aware editing tools make it easy to create valid NACHA files, and powerful validation tools give you confidence that your file meets all standards before it is sent.

ACH FileFox provides a comprehensive "toolbox" of features that can be used by originators, ODFIs and RDFIs to view and edit NACHA-formatted files. Among it's many features, ACH FileFox provides:

• Comprehensive verification of an ACH file against NACHA formatting and business rules, including verification of DFI routing numbers.
• Verification of receiver names against the OFAC's SDN list. IAT entries are verified using the full fidelity receiver and originator information that is present in IAT entries.
• Automatic repair of many common ACH file errors, including incorrect batch totals and hashes, improper file padding, inconsistent values in batch control records and many other types of errors.
• Convert transaction data between the NACHA format and a wide variety of text formats, including Excel CSV files.
• Tools to create ad-hoc returns, split or merge batches, split or merge files and much more.
• Tools for development or service organizations to create anonymous test data - either from "new cloth" or derived from actual ACH transactions.

ACH FileFox works with ACH Clarity to provide the access to the raw ACH data associated with any transaction. ACH Clarity reports provide the ability to "click-through" to ACH FileFox, highlighting the exact lines in the original ACH Files that underlie a transaction or violation.