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ACH Payment Processing

ACH Payment Processing explained

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256 views4 pages

ACH Payment Processing

ACH Payment Processing explained

Uploaded by

Ambuj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ACH Payment Processing

Advanced solution allowing a flexible and


scalable payment system
2 ACH Payment Processing

FIS offers you a powerful and flexible Key Benefits


transaction processing solution for More powerful and intuitive than traditional offerings, our
technically advanced solution optimizes ACH back-end
inbound and outbound ACH payments processing and expands your payment capabilities.
following all industry standards such as ●● Efficient integration with service-oriented approach and APIs
NACHA rules and formats. ●● Flexible and scalable – deployed and configured to meet your
specific needs
ACH payments are undergoing a metamorphosis in today’s ●● Standards-based using global ISO 20022 messages
changing payments landscape. Banks are looking for greater
efficiency along with supportable technology. Customers want ●● Easily updated to match latest NACHA rules
new products more quickly and more accessible via digital ●● No downtime for batch processing, allowing 24/7 ACH
channels and interconnected devices. In addition, regulatory and operations
compliance demands continue to grow. A flexible payment
system is essential - with no compromises on features, ●● Instant communication of file status and issues with real-time
origination file processing
performance or stability.
●● Instant recognition and remediation of queue-driven
Product Description exceptions

Your bank’s ACH system needs to be able to dependably ●● Customer-centric structure for holistic view, processing and
process large transaction volumes. You’ll also be looking for extraction of customer-level data
monitoring tools that let your operations staff manage the ●● Cost-effective with reduced operator intervention and
interactions with clearing systems, customers and third-party
improved straight-through processing
providers. This new FIS solution allows you to receive payments
from various channels, send transaction data to the ACH ●● Rapid adaptation to market changes
networks (FedACH and EPN) and post payments directly to bank
accounting systems. We help you solve your ACH payment
challenges by providing a service-oriented solution with real-
time capabilities. It will support your customers’ evolving
expectations, allow you to implement new or expanded formats
and help you adhere to ever-changing regulatory and compliance
obligations.
ACH Payment Processing 3

Support the Future of ACH Payments – Key Features


Payment services are converging and financial institutions need to centralize payment operations, reduce costs, improve services
for clients and speed up time-to-market for new products. FIS’ ACH Payments Solution provides the foundation for a reliable
platform sustaining the future of your payment business. This world-class processing engine is built on the FIS Open Payment
Framework, our industry leading Enterprise Payments architecture used by 30+ global financial institutions.

Forward and Return Processing Customer Processing


Payment origination workflows, R-transaction Apply custom business rules and risk
processing and reconciliation management settings per ACH
company or per payment file
Robust Routing Capability
Configurable rules and/or criteria-based Same-day ACH
routing; identifying on-us transactions that Enable/disable customer for same day
bypass the network ACH with billing support for same day
transactions
NOC Processing
Automatically create swaps on Billing
receipt of NOC Custom generation of files for service
level and activity events
Accounting/Posting
Generate posting file to accounting systems,
DNE Stops
create offset accounting and facilitate internal
Automatic creation of stop records on
general ledger processing
receipt of DNE

Exception Processing
Positive Pay
Service to manually override exceptions and
Flag debit and credit transactions for
support dual approval of exception decisions
decisioning
Bank User Interface
Manage business rules, bank roles, customer Blocks and Authorizations
profiles, ACH companies, offset accounts and Block or authorize debit and credit
exception rules; search transactions; view life transactions based on parameters
cycle of a payment and all historical logs.
Integration
Real-time Status Updates 30+ APIs to facilitate integration with
Generate status updates in real-time or other bank systems for inquiry, support
configured intervals or payment initiation
About FIS
FIS is a global leader in financial services technology,
with a focus on retail and institutional banking, payments,
asset and wealth management, risk and compliance,
consulting and outsourcing solutions. Through the depth and
breadth of our solutions portfolio, global capabilities and
domain expertise, FIS serves more than 20,000 clients in over
130 countries. Headquartered in Jacksonville, Florida, FIS
employs more than 53,000 people worldwide and holds
leadership positions in payment processing, financial software
and banking solutions. Providing software, services and
outsourcing of the technology that empowers the financial
world, FIS is a Fortune 500 company and is a member of
Standard & Poor’s 500® Index. For more information about
FIS, visit www.fisglobal.com

www.fisglobal.com twitter.com/fisglobal

[email protected] linkedin.com/company/fisglobal

©2018 FIS
FIS and the FIS logo are trademarks or registered trademarks of FIS or its subsidiaries in the U.S. and/or other countries.
Other parties’ marks are the property of their respective owners. 473407

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