ACH Origination - Miser Users Group

Report
Bill Payer Alternatives:
MUG 2013 User Panel
(ACH Origination)
ACH Origination
Wayne Savings Community Bank:
 Established 1899 as the Wayne Building and Loan Company
 1964 Wayne Savings and Loan Company
 1997 Wayne Savings Community Bank
 1993 Converted to Stock form of Ownership
 NASDAQ WAYN
 Corporate Office in Wooster, Ohio
 405 Million in Assets
 12 Branches – 116 Employees
 In House Customer – 9 Years with MISER
ACH Origination
Bank Initiatives:
 Retain “Community” Ideals and Level of Service
 Stability
 Safety and Soundness
 Community-Minded
…At the Same Time…
 Shed the “Traditional Thrift” Label
 Expand Commercial-based Products & Services
 Appeal to Gen X, Y Customers
 Focus on Technology for Accessibility / Efficiency
ACH Origination
Discussion Topics:
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Bill Pay-Per-View: METAVANTE vs. WAYNE SAVINGS
Core Workout: MISER’s 3rd Party Origination Programs
How to Score This Round: Unanimous Split Decision
Questions
ACH Origination / Bill Pay-Per-View
METAVANTE vs. WAYNE SAVINGS
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Pays Non-Sufficient Funds
Polices Own Clients
ACH or Check Payments
Automatic Payment Options
Reminder Alerts
User Notes
Viewable eBill Integration
Ad Hoc Reporting / EOY CD
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Cheaper Service to Maintain
Account Analysis Friendly
NSF Fee Income
AP Software Compatible
Batch (en masse) Payments
Risk Management Tools
• Financial Institution
• Originating Company
ACH Origination / Bill Pay-Per-View
Other Bus. Bill Pay Considerations:
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Number of Online Business Banking Customers – LOW
Initial Setup Cost to Implement Bill Pay – HIGH
Existing Bill Pay Solution (Consumer) – AVAILABLE
Potential Alternative (ACH Origination) – PRESENT
Pressure from Current Business Customers - GROWING
ACH Origination / Core Workout
MISER’s 3rd Party Origination:
 3rd Party Master (TPM)
 Master Record for Company
 3rd Party Company (TPC)
 Risk Management Processing
• Standard Entry Class (SEC) Code Limits
 3rd Party Redeposit (TPR)
 3rd Party Suspect (TPS)
 3rd Party Totals History (TPMOT) + (TPMRT)
ACH Origination / Core Workout
Our ACH Origination Process:
 Download 3rd Party ACH Files – Business Online Banking
 Change File ID = H
 Start WFL/001/3rdPARTYIN
 TWR016 – ACH Splitter Program
 TWD001 – Online ACH File Edit and Entry Program
 TWD002 – Online ACH Posting Program
 Start WFL/001/3rdPARTYOUT
 TWD007 – Online ACH 3rd Party Processing Program
 TWR009 – 3rd Party NOC and Returned Items Advices
 TWR010 – ACH Exception Advice Print Program
 Send ACH File via Fedline Advantage (File ID = B)
ACH Origination / How to Score This Round
Straight ACH Example:
ACH Origination / How to Score This Round
Addenda Record Example:
If I choose to pay by ACH Credit, what information must I provide to
ensure that my account is properly credited?
When formatting your ACH Credit payment, you must include your Tax
Registration Certificate number (Taxpayer Account Number) in the ACH
addenda record. Use the following format (example shown here):
000123456-0001-0-201201M-U004
In this example, 000123456-0001-0 is the account number, 201201M is the tax
period and type (the first month of 2012), and the fund/class is U004.
ACH Origination / How to Score This Round
EDI Invoice Example:
001 WAYNE SAVINGS BANK
VERSION: 12.2.01 UPDATE
EDI TRANSACTIONS EXTRACTED
RECEIVING POINT 2412-7204-0 WAYNE SAVINGS COMMUNITY SENDING POINT
COMPANY NAME: 1CHAIRSRUS
COMPANY ID : 1122332814
ENTRY DESC : EDI DISB.
SERVICE CLASS : 200
STD ENTRY CLASS: CTX
DISCRTNARY DATA:
TWD001
REPORT 04/15/13
RUN 04/15/13
TIME:07:45:10
PAGE
7930-0013-4 ASF APPLICATION SUPERVI DATE 130412 TIME 20:17 ID D
EFF DATE: 130414
SETT DATE:
105
DESC DATE:
BATCH ID NBR:
WH SEQ NBR :
ORIG NBR
:
TRACE NUMBER
SEQ NBR
TC
TRAN/ROUT#
ACCOUNT NUMBER
INDIV ID NUMBER
#ADN/INDIVIDUAL NAME
------------------------------------------------------------------------------------0430-0009-2409604
12146273
22
24127204-0
8020123456
076543
0007 TABLETOP
*ADDENDA: 705ISA*00*
*00*
*08*9251251000
*01*043000096820
*130412*17000012409604
*ADDENDA: 7050*U*00401*000010855*0*P*>\GS*RA*4124874200*043000077820*20130412*1700*3417*X*00400022409604
*ADDENDA: 705010\ST*820*000000394\BPR*C*471.13*C*ACH*CTX*01*043301627*DA*1013636459*12518728100032409604
*ADDENDA: 7054**01*241272040*DA*8020123456*20130414*VEN\TRN*1*068082\CUR*2L*USD*0001*PE*USD\R00042409604
*ADDENDA: 705EF*IT*062782\DTM*097*20130412\N1*PR*1CHAIRSRUS\N1*PE*TABLETOP*FI*34-2233445\N3*900052409604
*ADDENDA: 70547 DEVILLE RD\N4*WADSWORTH*OH*44281*USA\ENT*1\RMR*OI*71623**471.13\REF*FR*89903300062409604
*ADDENDA: 705-6\DTM*003*20130211\SE*15*000000394\GE*1*3417\IEA*1*000010835\
00072409604
DP
--
A
1
54
12146272
0430-0009
AMOUNT
----------471.13
*** BATCH ID NBR ***
54
TOT ENTRY/ADDENDA
8
TOT DEBITS TOT DEBIT AMT
.00
TOT CREDITS
1
TOT CREDIT AMT
471.13
***
TOT ENTRY/ADDENDA
8
TOT DEBITS TOT DEBIT AMT
.00
TOT CREDITS
1
TOT CREDIT AMT
471.13
FILE TOTALS ***
1
ACH Origination / Questions
Questions?
1) Acceptance Level of ACH Payments?
2) Standard Method to Convey Billing Information?
Thank You!
Jeff King - Information Systems Manager
[email protected]
330-287-2801

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