ACH Payment Processing - Overview

Transcription

1 ACH Payment Processing - Overview I) Authorization Form A) Form is available on the SCD web site ( B) Competed forms are to be sent to the ACH Coordinator at SFMS C) Form will be retained for 2 years following revocation or termination D) Bank representative s signature is required E) Signature of both account holders is required on joint accounts F) USERID (7-8 char) for access to remittance advice web site is optional G) address, if provided, will be used for notices about payments and returned payments II) Vendor profiles A) ACH data fields have been added to the Vendor Profile screens (51 and 52) i) Routing number - 8 characters + check digit ii) Account number - up to 17 characters iii) Acct Type Checking 22 or Savings 32 iv) NACHA Format (CCD+ for commercial accounts; PPD+ for personal accounts) B) Other ACH related fields on the Vendor Profile i) address (optional); agency staff can view this but not edit this field ii) New PDTs: D and DA for ACH combine transactions like M and MA and R and RA iii) PNI Prenote indicator: shows as Y when bank data initially entered. Changes to N when prenote has been sent. Waiting period 9 banking days. iv) Dir Dep Date (Direct Deposit Date) Earliest date for processing ACH payments C) Other i) Entry on the 51 screen in mail code 000 has been blocked (must enter data on 52 screen) ii) If you modify an existing mail code and save the changes to make a new mail code, the ACH data on the initial mail code is not moved to the new mail code. iii) ACH related data visible to Agency users (1) Dir Dep Date (2) PNI (3) PDT (4) address iv) BU/WH (backup withholding) and ACH processing are not compatible v) Credit memos work in ACH processing the same as in warrant processing D) PDT Priority for Payment Processing PDT used for payment processing will defaults from vendor profile if the PDT on both the batch header and the transaction screen are left blank. (1) PDT on the batch transaction - over-rides both the header and vendor profile (2) PDT on the batch header over-rides vendor profile (3) PDT on the vendor profile is only used if header and transaction PDTs are left blank

2 E) Payment combining i) When payments are combined for ACH processing the will be listed line by line on the web site with no combining. III) Timing of Settlement A) The 505 screen s DUE DATE is the day the nightly batch process is run. The next banking day is day one for determining the settlement day. Payment will be posted to the receiver s bank account on the morning of the third banking day. i) During nightly batch processing an notice of the payment will be sent to the vendor s account if one exists on the vendor s mail code referenced in the transaction. B) First banking day Day 1 i) The payment order file is sent to Oregon State Treasury. (NACHA format) ii) Treasury edits the NACHA file and notifies SFMS by 11:00 AM if there are any problems. SFMS Operations will coordinate problem solving. iii) Treasury sends the NACHA file to US BANK. iv) US Bank sends the NACHA file to the ACH Operator at the Fed Reserve Bank in San Francisco C) Next banking day Day 2 ACH operator sends payment order to receiving bank. Receiving Bank verifies account data. D) Settlement Day Day 3 receiving bank posts payment in vendor s account early in the morning. (Not the day before; not the day after). IV) Returned Payments (RET) and Notice of Change (NOC) A) As a payment order data file (NACHA file) passes through the ACH network it is checked for errors i) By Oregon State Treasury ii) By US Bank iii) By the ACH operator iv) By the receiving bank B) If an error is found at any point, the payment order will be returned to Treasury. C) SFMS receives notice of returned files at 9:30 AM. These notices are printed at SFMS Operation s office as DAFR5061 and DAFR5062. i) ACH Coordinator will notify Agency of a returned payment by calling the contact on the Agency s D02 screen. (Other arrangements can be made; contact the ACH coordinator). Agency will need to verify the payment, reenter the transactions, and reissue payment as a warrant. D) Nightly batch processing will perform the following actions upon receipt of a returned payment: (1) Change vendor profile s PDT to MA (2) Cancel payment. (Change status from P to C ) (3) Reverse the original redemption transaction

3 (4) Advise Treasury to transfer funds from the ACH clearing account back to agency s receipted account. (5) Print the DAFR 3451 Before and After vendor profile update report (6) Send an to vendor about the return and reason; send copy to the ACH Coordinator (7) Send a record of the reversing entry to remittance web site E) Vendor must (ordinarily) complete a new authorization form to reestablish the ACH service V) ACH Clearing Account A) Coordinates movement of funds from agency receipted accounts to US BANK B) Clearing account for funds in the settlement waiting period (3 days). C) No loss of interest to agency funds VI) Informational web site A) Information for Travelers and Vendors B) Scope of information available i) Is Direct Deposit for You? ii) EFT\Direct Deposit Authorization Form Instructions iii) Frequently Asked Questions (FAQs) iv) Forms and Brochures v) Glossary of Terms vi) Payment Information Center VII) SFMS Reports A) New Reports (DAFR ) i) DIRECT DEPOSIT CANCELLATIONS ii) S SENT FOR ACH PAYMENTS and RETURNS iii) ACH RETURN ENTRY VENDOR PROFILE UPDATE iv) ACH RETURN ENTRY VENDOR PROFILE UPDATE STATISTICS v) ACH RETURN ENTRY VENDOR PROFILE UPDATE ERRORS vi) PRE-NOTE PROCESSING vii) NACHA FILE DETAIL RECORDS WRITTEN viii) DIRECT DEPOSIT PAYEES BY AGENCY ix) PAYMENT REDEMPTION LIST OF GOOD MANUAL ACH CLEARS x) ACH RETURN ENTRY BATCH DETAIL REPORT xi) B SFMS CLEARING ACCOUNT TRANSFERS xii) B SFMS CLEARING ACCOUNT TRANSFERS xiii) B ACH CLEARING ACCOUNT TRANSFER CREATED VS. NACHA FILE WRITTEN xiv) 3421 SFMS ACH TRANSFERS EXTRACT xv) 3421 SFMS CLEARING ACCOUNT TRANSFERS xvi) ACHC - SFMS CLEARING ACCOUNT TRANSFERS

4 VIII) Reconciliation A) Like warrants outstanding B) Two column offset C) Add a note on the reconciliation that explains the offset for the ACH clears STAN will not be available to agencies using SFMS in Detail after March 1, 2003 Send questions and comments to ACH.Coordinator@das.state.or.us Part II ACH Payment Processing R-STARS Screens Batch Header Entry Screen Leave the PDT blank so the default value on the vendor profile (DA or MA, etc.) will be used. S500 VER 2.0 STATE OF OREGON 01/08/03 03:14 LINK TO: BATCH HEADER ENTRY BATCH AGENCY: 107 BATCH DATE: BATCH TYPE: 4 BATCH NUMBER: 319 BATCH COUNT: (SIGN ON AGENCY) (MMDDYY, DEFAULTS TO TODAYS DATE) BATCH AMOUNT: BATCH EDIT MODE: 2 (0=NO EDIT/POST, 1=EDIT, 2=EDIT/POST) PAYMENT DIST TYPE: (MUST BE IN D50 PDT PROFILE) DISB METH IND: (H, M, R, E OR SPACE) EFFECTIVE DATE: (MMDDYY, DEFAULTS TO TODAYS DATE) FAST ENTRY: (M/S/I/P/ ) USER ID: DASBD19 WHITTAKER, JEFF USER CLASS: 01 ACTION CODE AGENCY: ACTION CODE: F1-HELP F9-INTERRUPT F10/F11-SAVE CLEAR-EXIT

5 Continue Voucher Payable Screen Leave the PDT blank so the default value on the vendor profile (DA or MA, etc.) will be used. S505 VER 2.0 STATE OF OREGON 01/08/03 03:16 LINK TO: PRE-ENC/ENC/EXPEND TRANSACTION ENTRY NOTE: BATCH: AGENCY 107 DATE TYPE 4 NO 319 SEQ NO MODE EDIT AND POST DOC DATE: EFF DATE: DUE DATE: SERV DATE: CUR DOC/SFX: vp REF DOC/SFX: MOD: AGENCY: 107 TRANS CODE: 222 INDEX: PCA: AY: 03 COMP/AGY OBJ: 4605 AMOUNT: 123. RVS: DISC: 1099: FO: PDT: DOC COUNT: DOC AMT: 123. DOC AGY: 107 CI: PROP #: INV NO: DT: DESC: 40 lb cheese VEND/MC: NM: CONT NO: ADDR 1: WARR NO: ADDR 2: APPN NO: ADDR 3: FUND: ADDR 4: GL AC/AGY: CITY: ST: ZIP: GRANT NO/PH: SUB GRANTEE: PROJ NO/PH: MPCD: AGY CD-1: 2: 3: DI: RTI: F1-HELP F3-RTI F4-EDIT F6-BALANCING F7-DETAILS F9-INTERRUPT F10-SAVE F11-SAVE/CLEAR F12-HEADERS CLEAR-EXIT If the PDT of DA is entered for a vendor who is not set up for direct deposit, an error will be displayed on the edit line. The PDT field must be changed to a warrant processing code (e.g. MA, RA, etc.) S505 VER 2.0 STATE OF OREGON 01/08/03 03:21 LINK TO: PRE-ENC/ENC/EXPEND TRANSACTION ENTRY NOTE: N BATCH: AGENCY 107 DATE TYPE 4 NO 319 SEQ NO MODE EDIT AND POST DOC DATE: EFF DATE: DUE DATE: SERV DATE: CUR DOC/SFX: VP REF DOC/SFX: MOD: AGENCY: 107 TRANS CODE: 222 INDEX: PCA: AY: 03 COMP/AGY OBJ: AMOUNT: RVS: DISC: 1099: 7 FO: PDT: DA DOC COUNT: DOC AMT: DOC AGY: 107 CI: PROP #: INV NO: DT: DESC: 40 LB CHEESE VEND/MC: NM: GUDA WORKERBY CONT NO: ADDR 1: 125 CHEESE STREET WARR NO: ADDR 2: APPN NO: ADDR 3:

6 FUND: 4190 ADDR 4: GL AC/AGY: CITY: DAIRYTOWN ST: WI ZIP: GRANT NO/PH: SUB GRANTEE: PROJ NO/PH: MPCD: AGY CD-1: 2: 3: DI: RTI: E12 EFT PDT NOT ALLOWED AGENCY VIEW of vendor profile (bank data hidden). S051 VER 2.0 STATE OF OREGON 01/08/03 03:13 LINK TO: VENDOR MAIL CODE PROFILE VENDOR NO: GUDA WORKERBY MAIL CODE: 001 NAME: GUDA WORKERBY SEARCH NAMES: GUDA WORKERBY ADDRESS: 125 CHEESE STREET CITY: DAIRYTOWN ST: WI ZIP: COUNTRY: REGION: TAX RATE: UPDATE REASON: ADD OWNERSHIP CODE: I LICENSE: VENDOR CONTACT: GUDA WORKERBY FAX: TELEPHONE: EXT: ALT VEND NAME: I LTR DATE: PDT: DA MARY.ADELL@STATE.OR.US PNI: Y AGY: 107 CONTACT: JEFF WHITTAKER PHONE: X248 DIR DEP DATE: HOLD REASON CODE: STATUS CODE: A EFF START DATE: EFF END DATE: LAST PROC DATE: Z07 NEXT RECORD SUCCESSFULLY READ ACH Coordinator view (update/view bank data). S052 VER 2.0 STATE OF OREGON 01/09/03 08:18 AM LINK TO: SYSTEMWIDE VENDOR PROFILE VENDOR NO: NAME CONTROL: REDD UPDATE MAIL CODE: Y VENDOR NAME: REDDY WORKERBY SEARCH NAMES: REDDY WORKERBY ALT VENDOR/FID: VENDOR TYPE: 1 OWNRSHP CD: E 2ND TIN NTC: 1099 IND: Y FEI/SSN IND: S REASON CODE: CHG VN STATUS:

7 ADDRESS: 123 E. SOUTH ST CITY: ANYTOWN ST: MO ZIP: CNTRY: VENDOR CONTACT: TAX OFFSET EXMPT: N TELEPHONE: EXT: FAX: HOLD RSN: PDT: DA JEFF.WHITTAKER@DAS.STATE.OR.US PNI: N AGY: 107 CONTACT: JEFF WHITTAKER PHONE: X248 DIR DEP DATE: ABA NUMBER: ACCT NO/TYPE: FORMAT: PPD+ W9 REQUEST DATE: BU/WH EFF DATE: STATUS CODE: A EFF START DATE: EFF END DATE: LAST PROC DATE: Z02 RECORD SUCCESSFULLY CHANGED F1-HELP F3-DEL F5-NXT F6-52 F9-INT F10-SAVE F11-SAVE/CLR ENTER-INQ CLEAR-EXT