ACH Universal enables you to:
· Create ACH Return Files (for banks and processors)
· Work with ACH Return Files - parse and resubmit for payment (for companies)
ACH Return Files can be created with ACH Universal Advanced edition Enterprise Platform.
This feature will create ACH Return Files for the following SEC codes: ARC, BOC, CCD, CIE, POP, PPD, RCK, TEL and WEB.
For additional information on how to create an ACH Return File.
Do you receive ACH Return Files from your bank - and need a method to make them 'human readable' and also possibly resubmit them?
ACH Universal Corporate edition can help you review and resubmit transactions from ACH Returns files.
What is an ACH Return File?
An ACH Return File is a special type of file which is sent from your bank, and includes:
1. Returned (not completed) transactions
Transactions are returned for many reasons - including insufficient funds, closed accounts, incorrect account numbers, incorrect routing numbers - and over 70 more reasons.
As your original transaction did not go through, you may need to contact the other party to make additional arrangements.
2. Notification of Change (completed) transactions
These include transactions that were completed, but the bank wants to provide you with some additional information.
A common example is for a retiring ABA Routing number. When banks merge, typically only one ABA number survives - the other is retired. If you send a transaction with a retiring ABA Routing number, your bank will notify you of this upcoming retirement.
Simply import ACH Return files from the main menu
The system maps (default mapping included) - all of the fields it needs from the ACH Return File - including the Return Reason Code.
Review / Report (even export to Excel) and Resubmit as needed
Print and export reports as needed. Contact the other party for alternative arrangements.
If the transaction was rejected because of insufficient (or uncollected) funds, you can resubmit the transaction.
The transaction is then queued up for transmission, just like any other transaction. Create and transmit the ACH File just as you normally would.
Note: ACH Return File Handling is available in the Advanced Enterprise edition of ACH Universal.