New Fed product monitors ACH transactions in real time.

Financial Update, April, 2005

Managing risk is important to all businesses, but it's crucial to financial institutions as they conduct payment transactions on behalf of their customers. To make this task easier, the Federal Reserve Banks recently introduced a new risk management service that allows originating financial institutions to monitor automated clearinghouse (ACH) transactions originated by their corporate customers.

Real-time monitoring

This new service, called FedACH Risk[SM], allows institutions to monitor payments in near real time, the first time the ACH industry has had this capability. With the service, institutions can preset debit and credit caps for one or more companies originating ACH transactions or across their ACH origination business. Users can set...

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