ACH Activity

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. Activity function lets you view only that ACH activity which was initiated or uploaded by you. The screen can show tables for pending batches, denied batches, completed and uploaded batches, and imported ACH files.

To display the ACH Activity screen:

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

Note that you can sort either table by clicking the up and down arrows in the column headers.

·         To delete a pending ACH submittal, check its Select box and click the Delete button.

·         To resubmit a pending ACH submittal, check its Select box and click the Resubmit button.

·         To see details for any batch An ACH batch consists of a 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 and RDFI 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. 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 with an addendum is associated with this batch. (see below) and a collection of transactions having the same purpose and effective date to be performed, and may also include addenda information. 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.

If you have a large number of 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. records, you will be able to page through the list using First, Previous and Last buttons on screen.

Note:  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.  

The Preview screen will display the following participant information in the database:

• Action

• Participant ID

• Participant Name

• Account Number

• Routing Number

• Amount

• Tran Code

• Addenda

'Approve' will complete and submit the participants to the participant table.

'Cancel' will remove the Import Job completely from the system.

Please note that 'Approving' the Import Job does not initiate a ACH Batch.  'Approving' the Pending Job will store the changes to the Participant table and/or Batch Template. You must access the ACH Initiate screen for the normal manual initiation process once the Pending Job has been approved.

The date ranges for transactions are displayed based on the following defaults: