Quick Reference Guide: ACH Credit and Debit Enhanced Control

Overview

This enhancement provides an additional layer of ACH risk management for Financial Institutions. When activated, customers will only be able to enter or upload recipients with transaction types that match the allowed transaction type parameter.

Today, customers with an unbalanced – full offset ACH company that is allowed to originate credits only can manually enter or upload a debit recipient as long as that recipient has an onus routing number. In addition, customers with an unbalanced – full offset ACH company that is allowed to originate debits only can manually enter or upload a credit recipient as long as that recipient has an onus routing number.

With this new enhancement, a new configuration parameter is available that will prevent users from entering a transaction type that does not match the allowed transaction type. This means if an ACH company is set up as credits only, the customer will only be able to manually enter or upload credit recipients, and if an ACH company is set up as debits only, the customer will only be able to manually enter or upload debits.

Benefits for Banks

This enhancement provides additional ACH risk management.

Configuration

ACH Company Configuration

SilverLake ACH Company Configuration

Allowed to Originate Debits, Credits, or Both needs to be configured for either Credits only or Debits only
NetTeller Offset Flag will need to be configured to 0 - Create Offset for Treasury Management Customers This feature is utilized by multiple platforms.

Note: There is no dependency on NetTeller for Treasury Management customers.

Treasury Management Back Office - Product Configuration

Product ACH Configuration: A new feature will display, On-us Access Management. At implementation, this feature will be inactive.

Company ACH Configuration: A new feature will display, On-us Access Management. At implementation, this feature will be inactive.

User Experience

User Action

With On-us Access Management activated, customers will no longer have the option to add a recipient that does not match the allowed transaction type. The ability to modify the Credit/Debit field has been deactivated and therefore will only display the transaction type that matches the ACH Company’s allowed transaction type.

With On-us Access Management activated, customers will no longer have the option to upload a batch with a recipient that does not match the allowed transaction type. The customer will be presented with an error message.

Important Enhancement Information

• This work effort applies to ACH companies configured within SilverLake ACH Company Maintenance as either unbalanced – full offset credits only or unbalanced – full offset debits only.

Note: This effort does not apply to balanced ACH companies nor does it apply to ACH companies configured as unbalanced – partial offset.

• Each Treasury Management company can be configured accordingly with the new product feature configuration.

• This work effort will not apply to previously scheduled ACH transactions, it will only apply to transactions created after implementation.

Note: Customers will need to either uninitiate or cancel their existing transactions and then recreate for this enhancement to be applicable.

• All other existing functionality for the ACH product will still apply for this enhancement: limit validation, notifications, challenge points, approvals, etc.