What is the “Scheduled Reports” feature?
“Scheduled Reports” feature allows DFIs to specify parameters that allow the service to work in auto pilot mode. Example parameters include the following: ABAs, account numbers, report types, report formats and delivery options. At the end of each processing day, the service automatically reviews the previous day’s ACH transactions, generates the requested report(s) and makes the report(s) available according to specified parameters. Note that the service automatically scans ACH transactions housed in FedACH services for the previous processing day and generates reports only when there is a specified match. The searching for information is included in the service at no additional charge. A fee is applied only when a match is found and a report is generated. These generated reports are stored in the FedLine Web access solution for 10 processing days. This feature could potentially eliminate manual processing thereby making reports available to customers sooner.
“Scheduled Reports” feature allows DFIs to specify parameters that allow the service to work in auto pilot mode. Example parameters include the following: ABAs, account numbers, report types, report formats and delivery options. At the end of each processing day, the service automatically reviews the day’s ACH transactions, generates the requested report(s) and makes the report(s) available according to specified parameters. Note that the service automatically scans ACH transactions housed in FedACH services for the previous processing day and generates reports only when there is a specified match. The searching for information is included in the service at no additional charge. A fee is applied only when a match is found and a report is generated. These generated reports are stored in the FedLine Web access solution for 10 processing days. This feature could potentially eliminate manual processing thereby making reports available to customers sooner.
