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FedACH Risk® Origination Monitoring Service Setup

Thank you for choosing the FedACH Risk Origination Monitoring Service. We are ready to work with you to make this a smooth and easy transition. Following are the steps to take to streamline your implementation process, including contacts to help you with questions at any step along the way. Depending on the FedLine® Solution and services to which you already subscribe, you may be able to omit several of these steps. Read the steps carefully to determine which apply to you. If you need assistance or advice at any step of the process, consult your account executive.

Step 1 – Select Service Options

The following links will help you determine what specific service features are right for your institution.

Step 2 – Assess Your Access Needs

Use the following links to determine which FedLine Solution provides the services/features your organization needs and the number and type of Subscribers who will need access to those solutions in your organization.

Step 3 – Review Rules and Regulations

Federal Reserve Financial Services use is governed by applicable Operating Circulars. In addition, the Board of Governors of the Federal Reserve System has responsibility for implementing certain laws pertaining to a wide range of banking and financial activities. The following apply to FedACH Services:

Operating Circulars

  • Operating Circular 4: ACH Items – governs clearing and settlement of commercial ACH credit and debit items
  • Operating Circular 5: Electronic Access – covers terms for electronically accessing Federal Reserve Financial Services

Regulations

  • Regulation E – primarily addresses consumer rights pertaining to electronic funds transfers
  • Regulation CC – includes regulations concerning availability of funds

NACHA's Operating Rules (Off-site)

Provides information regarding annual ACH rule changes, their operational impact and whether any software changes are required; includes a system of national fines; available through NACHA or your Payments Association (Off-site)

Uniform Commercial Code-Article 4 (Off-site)

Green Book (Off-site)

A comprehensive guide for institutions that receive ACH payments from the federal government and send payments (i.e., collections) to the federal government.

Step 4 – Review Setup and Processing Documentation

Implementation and user guides and other resources are available for your review to help you through the start-up process, as well as to help you use the service to its fullest potential.

FedACH Risk Origination Monitoring Service Handbook (PDF)

A comprehensive reference guide for the service, including how to use it and monitoring criteria options.

FedACH Risk Origination Monitoring Service Frequently Asked Questions

Includes answers to the most commonly asked questions about the service.

Step 5 – Review Hardware/Software Requirements

Evaluate all internal software/hardware systems and compare to Federal Reserve Bank requirements to determine if changes are needed for a successful production cutover.

Step 6 – Complete Forms/Agreements

Now that you've determined your FedLine Solution, service features and Subscriber needs, you can proceed to document all your decisions in the required forms.

Questions? Contact FedACH and Check Services Customer Support.

Current FedLine customers:

  • An End User Authorization Contact (EUAC) with authority to manage access for FedACH Services should submit a Subscriber request via the EUAC Center within FedLine Home to give new Subscribers access or to modify current Subscribers' access to include the FedACH Risk Origination Monitoring Service. EUACs must define access levels for each FedACH Subscriber in your organization. It is critical for your organization to have credentialed staff available to release or reject pended batches once management criteria for the service are in place.
  • Otherwise, your organization must first submit a modified EUAC Form (PDF) to authorize your EUAC to manage access for FedACH Services.

Questions? Contact the Customer Contact Center

New FedLine Customers:

Questions? Contact the Customer Contact Center

Step 7 – Schedule Testing and Production Date

Once your paperwork is received, a representative from the Federal Reserve Banks will call you to establish a testing schedule and production date. Testing requirements will vary based on the services you have selected.

By the production cutover date, you should be prepared to use the FedACH Risk Origination Monitoring Service.

Enter your management criteria into FedACH Information Services via the FedLine Web or FedLine Advantage Solution prior to your production date to reduce the potential for a large number of pended batches. The resources below can assist you in this process:

Questions? Contact your account executive.

Step 8 – Congratulations! Begin using your new Federal Reserve Financial Services

You can begin monitoring your batches based on the criteria you entered in FedACH Information Services. Other than changing your criteria or accessing reports, this service will be relatively transparent unless a batch pends, which results in receipt of an email notification based on your criteria.

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