Announcing new payor reports for the FedPayments^® Reporter Service for Check

May 13, 2019

The Federal Reserve Banks are pleased to announce that, effective June 13, 2019, two new reports will be added to the FedPayments^® Reporter Service for Check Services. The new Check Advanced Notice Payor Reports will enable financial institutions and their corporate customers to receive advanced notice of forward presentment items.

The paying institution will be able to request a report that includes all forward items available to be presented to it at the time(s) the report is created. The paying institution can also choose to create a report at the account number(s) level, for the purpose of sending a report of all forward items available to be presented at the time the report is created, directly to a corporate customer of the paying institution. At this time, these reports will only be available for delivery through FedMail^®.

We will provide additional information when the new reports are available. In the interim, financial institutions may contact their account executive with any questions pertaining to this service. You can find pricing details on the Electronic Check Collection Fee Schedule.

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