Service Information – EFT Paymen

ACH Payments Service Information

The ACH Payments service provides the ability view ACH payment reports. The My Services Information screen for ACH Payments displays the following information:

· Service Name “ACH Payments”

· Hours of Availability

From the My Services screen, the approval settings displayed are for your information only. To make changes to these settings, go to the Group Information screen.

Note: To add or remove access to services with an x or a check next to them you will need to contact your Relationship Manager.

Functions belonging to the ACH Payment Service:

If a function has been assigned to the service, a check mark will be displayed in the Assign column next to the function. Please contact your Account Manager if you would like to have access to any additional functions as shown below.

This service includes the following functions:

ACH Reports

Provides access to the following reports from the Bank’s host system:

· Acknowledgment Report

· Input Validation Report

· Returned Item Notification

· Notification of Change

Agreements belonging to the ACH Payments service:

ACH Agreement Number’s are associated with a Receivables Settlement Account and a Payables Settlement Account. The agreements listed in this section are associated with your ScotiaConnect service.

Note: The ACH Agreement Number is used by ScotiaConnect to receive your ACH reports. If your Receivable Settlement account number is different than your Payable Settlement account number all ACH reports for “both” Settlement accounts will be delivered to that same Agreement Number and thus will be viewable by the same user from the ACH Reports Menu. If you have multiple Agreement Numbers, It is recommended that you have the bank setup all your Agreement numbers with both the Receivable and Payables Settlement Account Numbers as the same account number. This way you will create a 1 to 1 relationship between your ACH Agreement Number and your Account Number. This force all reports for a single Bank Account Number to go to a single ACH Agreement Number. This make it so a user who has a access to a specific ACH Agreement Number will only see reports for the
Settlement Accounts that they have the rights to view.

Click on the ACH Service Agreement Number to see details of the Agreement Number.

To leave the screen, click the Cancel button.

ACH Payments Service Information

Related Topics