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Rich Moldenhauer
Flagship Bank Minnesota

 
 
ACH Origination Activity Annual Board Reporting
Contributed by:Manager‚ Retail Banking/Branch Operations
Asset size: Bank with between $250m - $500m
Location: Midwest
Description: Simple Excel worksheet used to report ACH origination activity to the board annually. The ACH activity is broken down by customer and shows unauthorized rate of returns, ACH origination items, ACH origination dollar amount, as well as the customer's ACH debit and credit exposure limits before and after the annual review. This ACH origination activity report along with my full annual ACH board report (not included with this cbanc document) were reviewed by our IT Examiner in 2011 with no exceptions noted.

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MORE PEER CONTRIBUTED DOCUMENTS:

830 Documents 18 Answers 31 Exam Watches 52 Vendor Reviews

Blank ACH/RDC report to board
Asset size: with between $250m - $500m
Description: Example of document to report to board for ACH and RDC activity.
ACH Policy
Asset size: with between $250m - $500m
Description: This is a sample ACH policy including overview, implementation, product offerings, alternatives for input media, origination pricing, processing, acceptance, timing, disclosure information, etc.
ACH ORIGINATION POLICY
Asset size: with under $250m
Description: Guidelines for Ach Origination


RELATED QUESTIONS AND ANSWERS:
Q
ACH Originator Client Training Checklist
Asked by: EVP,‚ Back Office/Deposit Operations
Asset size: Bank with
Location:WA

Does anyone have a checklist of key rules to cover with each originator? Wespay says they are developing something but it is not available yet. This was a recommendation in our most recent ACH audit.
A
Answered by:Retail Banking/Branch Operations
Asset size: Bank with under $250m
Location: MN

Yes, we created a checklist that we use for every ACH customer....
Q
Do you require customers to send a follow-up FAX when submitting ACH batches?
Asked by: VP,‚ Back Office/Deposit Operations
Asset size: Bank with
Location:ND

What steps do you require your Cash Management customers to follow when submitting online wires or ACH batches? We have multi-factor authentication plus secure tokens and dual control. Does anyone require the customer to send a fax along with all the other required security? Or, do you consider the addition of Tokens enough security to discontinue the followup fax?
A
Answered by:Risk Management
Asset size: Bank with between $250m - $500m
Location: MN

We do not require that the client communicate with us regarding their ACH files. We use M...


RELATED EXAM EXPERIENCES:
OCC - IT | January 2014
exam experience posted by a SVP‚ Finance/Investments from member with under $250m in assets
Wanted to see our annual IT strategic plan
FDIC - IT | October 2011
exam experience posted by a VP‚ Risk Management from member with between $500m - $1b in assets
Level of detail of board reporting for wire transfers & ACH
FRB - BSA/AML | February 2012
exam experience posted by a CEO‚ CEO from member with over $1b in assets
None

RELATED VENDOR REVIEWS:
ACH Origination
Shazam
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Board Portal
Computer Services Inc (CSI)
Bond Report, Budget/Asset Liab, Monthly reports
MC Planning
Loan Origination Software
Avista Solutions, Inc

 
 

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