ACH Posting Controls

This project simplifies the ACH Posting Controls configuration (Tool #113) by combining the existing 3rd and 4th ACH run parameters into a single “All midday runs” option.   Although there will be 3 run settings for the CU to adjust (first, last and midday), behind the scenes there will actually be a total of 5 files received each day as of March 19, 2021.*

*Note: THE FRB introduced a 5th ACH posting file effective March 19, 2021.   LINK to Client News post:

https://www.cuanswers.com/2021/02/new-afternoon-ach-posting-begins-march-19/

This project also adds an option to the ACH Posting Controls configuration to post all credits directly upon receipt as soon as they arrive in the warehouse.  This setting will no longer be exclusive to select company IDs as it is today (credit unions must manually turn this feature on, one Company ID at a time).

The existing Allow early post/effective date override for specific Company IDs Y/N field on the ACH Posting Controls configuration will be expanded to have 3 options:

  1. Allow early post/effective date override (credits only) for specific Company IDs
  2. Post credits for all Company IDs immediately upon receipt, regardless of effective date
  3. Do not allow early post

Option 1 will work as now, allowing CUs to manually set the Post incoming credit transactions early (effective date override) flag on individual ACH company records as desired.  Option 2 will effectively turn that flag on automatically, for all existing company IDs as well as for all new ACH companies as they are created.  (The specific method for accomplishing this is still being determined, as described later in this spec.)  Keep in mind that with option 2, the credit union will not be able to adjust a particular Company ID not to post early.  Every ACH credit that comes in will always post immediately no matter what.

Status: PS#55403 is waiting for programmer resource

Updated
August 3, 2021

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