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ACH News & Updates


  • June 20, 2017 ACH Dual Control
    Catalyst Corporate strongly encourages credit unions to enforce dual control in the intended manner for the creation and release of ACH batches. Having a second set of eyes to verify the transactional details may help prevent mistakes and unwanted items from being processed, ultimately saving money, time and frustration.
     
  • June 20, 2017 Part 3: Standard Entry Class and Transaction Codes
    In 2017, the ACH Advisor will publish a six-part series detailing the ACH cycle. Facts, rules, codes, charts and helpful hints will be available for those who process, post, return and balance ACH transactions. At the end of the series, content will be available in TranZact as a reference guide for ACH personnel. Part 3 defines the various Standard Entry Class Codes and Transaction Codes, including how to use and identify each for ACH processing.
     
  • April 21, 2017 Part 2: ODFIs and Originators
    The ACH Advisor will publish a six-part series detailing the ACH cycle. Part 2 outlines the roles of Originating Depository Financial Institutions (ODFIs) and their responsibilities and relationship to other ACH participants.
     
  • February 24, 2017 Part 1: The Participants, the Process and the Responsibilities
    In 2017, the ACH Advisor will publish a six-part series detailing the ACH cycle. Facts, rules, codes, charts and helpful hints will be available for those who process, post, return and balance ACH transactions. Part 1 outlines the participants and framework of the ACH cycle.
     
  • February 23, 2017 Same Day Debits Will Debut September 15
    Phase 2 of Same Day ACH will be here before you know it! On September 15, 2017, debits will be included in Same-Day ACH processing.
     
  • February 23, 2017 What You Need to Know About ACH
    ACH Rules are constantly changing, and Catalyst Corporate wants to be sure you're informed.
     
  • November 17, 2016 Same-Day, Today and Next Year
    Catalyst Corporate successfully transitioned all participating member credit unions from one combined ACH receipt file to multiple daily files to accommodate Same-Day transactions. On September 15, 2017, Phase 2 will add debits to the Same-Day mix.
     
  • November 17, 2016 ACH and the Holidays
    The holidays are approaching. What does that mean for ACH processing?
     
  • August 22, 2016 Effective Entry Date/Settlement Date
    When it comes to Same-Day ACH, effective entry dates and settlement dates can get a little tricky. Make sure you fully understand what is required for these dates by familiarizing your credit union with the NACHA rules.
     
  • July 19, 2016 Same-Day ACH Frequently Asked Questions
    Do you have questions? Well, Catalyst Corporate has answers. Our extensive Frequently Asked Questions section is chock full of advice, tips, support and answers for anything and everything you’d need to know about ACH.
     
  • July 19, 2016 What You Could Find in ACH Receipt Files as of Sept. 23, 2016
    Transitioning to multiple receipt files will yield some changes.
     
  • July 19, 2016 Risk Management for ACH
    Risk management is the responsibility of everyone at the credit union. Risk mitigation may be an all-too-familiar term, but it’s easy to become complacent if not a priority.
     
  • June 20, 2016 Transition to Multiple Receipt Files
    Beginning in August, Catalyst Corporate will help credit unions that currently receive only one file per day transition to multiple files per day.
     
  • June 20, 2016 Same-Day ACH for RDFIs and ODFIs
    Phase 1 of Same-Day ACH begins September 23, 2016, and new rules, guidelines and times will affect RDFIs and ODFIs in a variety of ways.
     
  • June 01, 2016 Same-Day ACH Checklist for Catalyst Corporate ACH Credit Unions
    Important items to consider before NACHA's new ACH rule takes effect...
     

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