For detailed pricing and sign-up information, please call
WesCorp at (800) 442-4366, ext. 6453.
Benefits
WesCorp’s ACH Services encompasses all aspects of full-service
ACH origination and receipt, including several benefits not
found with other ACH systems:
Remote Access - you can receive/ originate
your ACH files on any PC that has Internet connectivity.
Other vendors may require dedicated PCs.
Multi-User Access - Since you are not
tied to a single PC, you can have multiple employees access
ACH Services concurrently. For example, you can have one
employee manage origination while another one processes
returns.
Flexible Schedule - ACH origination
files can be set up for initiation daily, weekly, bi-weekly,
or even on specific dates.
Automated ACH Processing - Our system
allows you to pre-schedule your origination files. Simply
tie a schedule to the transactions and they will be originated
automatically.
Multi-Level Access - You can support
your members with small businesses (SEG groups) by offering
ACH origination. They can use the system to create origination
files while you retain risk control of their activity.
Automated Posting - WesCorp posts settlement
files directly to your WesCorp account.
Multiple Connections - For sending and
receiving files:
- Host-Host
- FTP
- Internet
Origination Risk Control - ACH Services
has checks and balances for monitoring your daily risk exposure.
Turnkey Outsourcing - Helps eliminate
the need to maintain hardware, software and operations support.
Security - Your credit union retains
user set-up and maintains user security.
ACH Services
ACH Services is the online ACH
(Automated Clearing House) origination and receipt system
for all your credit union’s ACH transactions. Reliable,
cost-effective and user-friendly, ACH Services uses the speed
and convenience of the Internet to achieve a more efficient
means of ACH processing. Using ACH Services, your credit union
can offer a valuable and comprehensive ACH product to your
members while you benefit from simplified and faster operations.
With ACH Services’ browser-based technology, you can
easily interface with other applications, eliminating the
need for separate software delivery and extending origination
capabilities to your SEGs. Meeting your members’ electronic
payment needs has never been easier.
ACH Pickup and Delivery
WesCorp picks up ACH files from the Federal Reserve Bank,
and you are able to pick up and deliver your ACH files through
the ACH Services browser or your own mainframe processing
system.
Exception Processing
You may submit exception items (notifications of change,
returns, etc.) via the ACH Services browser, or via mainframe
or File Transfer Protocol (FTP). With the derived return option,
you can process your daily exception items with minimal intervention.
Reporting
ACH Services provides you with a full complement of daily
and monthly reports for record keeping, cash management and
risk management.
Trace and Research
Entries are warehoused for 60 calendar days, and WesCorp
is available to provide full trace and research of your ACH
inquiries.
Secure Connection
ACH Services operates over the Internet, so there is no need
for additional software or hardware. Since there is nothing
to load onto the hard drive of your PC, you have more flexibility
in your day-to-day operations, and recovery is easier. Plus,
advanced security features protect the information, ensuring
that your credit union’s funds are safe and secure.
System Requirements
Internet connectivity
For the Internet option, you will need to make sure your
PC meets the following system requirements:
Web browser compatible with Microsoft Internet Explorer,
version 4.0 or higher, with 128-bit cipher strength encryption
Internet Service Provider (ISP) of your choice
Modem attached to a touch-tone telephone line
Floppy disk drive (to archive reports electronically)
Printer
Mainframe connectivity
Other connectivity considerations or requirements include:
Import batches and templates created in either NACHA
or non-NACHA formats to the ACH Services system
Asynchronous communication equipment to support ACH collections
and distributions
Asynchronous communication protocols supported:
ZMODEM (recommended)
XMODEM
MODEM-1KYMODEM
ASCII
KERMIT
Although ACH Services can support a variety of modems, a
Hayes-compatible modem is recommended.
FTP Communication
The ACH Services application provides the ability to send
or receive ACH transaction information via FTP. PGP encryption
software is used for all ACH Services FTP communication encryption.
Your organization will be provided with a user name and password
to access ACH Services’ FTP server at ftp://paylinksftp.cunet.org.
