If you are responsible for handling daily ACH exceptions, you now have two CU*BASE tools you need to use every day. Are you ready? With a heightened level of attention being placed on member fees for NSF and non-returned items posted via the ACH channel, we have divided CU*BASE ACH Exceptions into two separate dashboards,… Read more »
Don’t forget: your ACH processing changes take effect today. We have received and posted Run #2 for the first time, in preparation for the same-day item changes starting on 9/20/19. Also, we will be receiving and posting the 10:00 PM FRB (Federal Reserve Bank) file this evening with Run #4, so be sure to adjust… Read more »
As a reminder, beginning in September, changes required by the Federal Reserve Bank (FRB) will go into effect and same-day items in the FRB 12:00 PM ET cutoff file must then be posted by 1:30 PM ET. This new rule will go into effect on Friday, September 20th. Because of this, we will start processing… Read more »
As mentioned earlier this summer, beginning in September, changes required by the Federal Reserve Bank (FRB) will go into effect, and same-day items in the FRB 12:00 PM ET cutoff file must then be posted by 1:30 PM ET. This new rule will go into effect on Friday, September 20th. Because of this, we will… Read more »
As mentioned earlier this summer, beginning in September, changes required by the Federal Reserve Bank (FRB) will go into effect, and same-day items in the FRB 12:00 PM ET cutoff file must then be posted by 1:30 PM ET. This new rule will go into effect on Friday, September 20th. Because of this, we will… Read more »
Beginning today, July 22, you will see additional changes related to same-day ACH processing. We will begin receiving the first set of ACH files from the Federal Reserve Bank (FRB) earlier in the day. Previously, we had been acquiring these posting files for the 5:00 PM ET posting and will now retrieve them earlier, in… Read more »
On May 9, 2019, a CU*Answers design team met to brainstorm ideas for changes to CU*BASE tools and processing routines. Our main goal is to make it clearer to end-users how the tools work, including warnings about what to watch out for and tips for avoiding potential pitfalls. As a result of these preliminary conversations,… Read more »
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