BizWatch for ACH is a new service designed especially for business members who want a higher level of control over unauthorized transactions submitted to their operating accounts. Business members can choose whether they want to block all incoming debits, all incoming credits, or both.

A multi-logon team banking solution for your credit union’s business members!

Our original concept created an online banking component for BizLink 247 where a business member would view a list of transactions (only ACH debits, only ACH credits or both) as ACH exceptions, and would have to make a decision on each item as to whether it should be posted or returned. But now we’ve gone back to the drawing board for a solution that provides more automation and less hands-on work for the member.

This new design automates more of the process based on a new configuration, where a business member can define how they want incoming ACH items to be handled, with options such as:

• Maximum debit dollar amount allowed
• All debits blocked
• Allowable company ID numbers and dollar limits
• Non-allowable company ID numbers

Enrollment in the program is optional, and the credit union can choose to assess a monthly fee to the business membership for enrollment. So that you can tailor your program based on needs and relationship with the business, each enrollment can be set up with a different fee structure. That means that initial enrollment must be done via CU*BASE by a credit union employee.

Once a member is enrolled, a new BizLink 247 feature will allow them to adjust their program settings as needed. In particular, there will be a mechanism for them to define new ACH company IDs to either block or allow, and there will be an upload feature so they can add multiple ID records at the same time from a worksheet.

FAQs

Q: What’s the difference between this and the Positive Pay feature used to control check clearings?

A: The main difference is the intent: Positive Pay for check clearings is specifically designed so a business membership uses a link in desktop online banking to upload the specific checks they have generated and that they want to clear against their account. As checks are processed via eDOC Innovations Check 21 item processing, they are verified against this uploaded list, and any that do not match exactly are held in suspense until the business membership reviews the exceptions and decides what to do with them.

Q: What if a check gets converted to an ACH item? 

A: While some checks to get converted to ACH items and thus will not go through the normal check clearing process, Positive Pay is intended to handle the majority of items that go through normal check processing. To handle those items as well as item presented over the counter and cleared as on-us checks, CU*BASE currently has an optional Block List for Inhouse Checks/ACH, which can be used to stop all in-house and ACH items for a member, so they can be reviewed before posting.

Status as of 10/14/2021: PS#55026 is back in the design phase.  Watch this page for some mockups of the online banking user interface coming soon.

Chefs for this recipe: Keegan Daniel and Karen Sorensen