Functions and Features


AchAchiever™ - is an Internet based multifaceted ACH File Risk Management Application designed to manage critical risk factors affecting ODFIs’ daily operations. AchAchiever™ provides significant risk management tools which enable ODFIs to mitigate processing risk, and monitor various elements of ACH transaction activity, including statistical monitoring of returns, by SEC Code, by totals and percentage factors, with preset risk management underwriting parameters or return ratios limits as determined by the ODFI or dictated by NACHA.

AchAchiever™ has drawn critical acclaim not only for its’ ability to detect and report exposure exceeding preset risk parameters, but its’ method of presenting this critical data is unparalleled in today’s ODFI environment. Imagine a risk tool that illustrates degrees of risk exposure in color (RED being critical) on multiple monitoring screens (a micro-manager’s dream) for instant recognition and priority handling.

It goes without saying that early recognition of risk exposure leads to lower losses and better risk management; AchAchiever™ is an application whose time has come.

Risk Management Issues

Originators, and ultimately the ODFI, are responsible for any losses associated with activity in the ACH Clearing Account. To mitigate potential losses, risk management protections will be put in place to diminish exposure, such as:

• Implementing Customer credit qualifying conditions, risk parameters, and Risk Management process
• The ability to place a hold period on collected Customer funds prior to issuing ACH credits
• The ability to create individual Customer rolling reserve funds based on credit qualifications and risk parameters

AchAchiever™ Functions & Features

+ Process multiple return files in a single day

• - AchAchiever™ allows the return process, which consists of reading in, matching, splitting, and viewing returns, to occur as often as necessary in a single day.
• - Duplicate returns are detected automatically by the system, largely due to unique trace numbers being assigned to each outgoing transaction.

+ SEC Code Restriction

• - AchAchiever™ allows the restriction (by individual Originator through the Third Party Processor’s Application) and detection of SEC codes not authorized for use. The restrictions are set at the Third Party Processor Level and filter down to the Originator level.

+ Monitor Risk Limits

• - AchAchiever™ allows the preset restriction, and monitoring, of daily dollar amounts, debits and credits, as well as transaction count.

+ Create tailored reports

• - AchAchiever™ allows the operator to export data to specific search criteria, providing the ability to create custom reporting.

+ Approved vs. Non Approved

• - AchAchiever™ gives the Operator the ability to ‘know your merchants’. The Operator is alerted if a non approved merchant is attempting to process transactions.

+ Account Statistics

• - AchAchiever™ allows the Operator to monitor and record the transaction volume, return rate, the % of returns based on certain return codes.

+ Duplicate Files

• - Detects duplicate file and/or batch submissions, mitigating the possibility of double processing the same transactions.

+ Combine Multiple ACH Files

• - AchAchiever™ gives the Operator the ability to combine multiple ACH Files into a single ACH File for processing to the FED (a savings of $5 a file).