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--- pub:ach_software_overview [2025/05/21 19:30] – kkramer
+++ pub:ach_software_overview [2025/05/21 21:06] (current) – kkramer
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 ACH (Automated Clearing House) is a highly reliable and efficient nationwide batch-oriented electronic funds transfer system governed by the NACHA OPERATING RULES which provide for the interbank clearing of electronic payments for participating depository financial institutions. The Federal Reserve and Electronic Payments Network act as ACH Operators, central clearing facilities through which financial institutions transmit or receive ACH entries.
-With the use of iACH, inFORM Decision’s ACH payment processing suite, you can save time and money by processing electronic transfers, instead of checks. The check spooled files already being created by your current Accounts Payable software on the ISeries are used as input for the iACH electronic batches. There is no custom coding required to interface with iACH.
+With the use of ACH iPayment, inFORM Decision’s ACH payment processing suite, you can save time and money by processing electronic transfers, instead of checks. Your vendors are notified either by fax (iFAX) or by email (iMAIL) that they have received or will be receiving payment based upon you AP schedule.
-Your vendors are notified either by fax (iFAX) or by email (iMAIL) that they have received or will be receiving payment based upon you AP schedule. The average cost of cutting a check is over two dollars, and the cost of sending an ACH transaction is fifteen cents or less. Not only can iACH pay for itself in a relatively short amount of time, your company could see considerable savings improving it’s overall bottom line.
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-*  **Option 1** on the iACH menu allows you to map fields contained in your spooled files to the iACH fields, facilitating the creation of ACH batches. It also allows you to change already existing ACH/spooled file mapping.
+*  **Option 1** on the iACH menu allows you to map fields contained in your spooled files to:
+  *  Map fields contained in your spool files to the ACH iPayment fields.
+  *  Enroll the payees that will be processed.
 *  **Option 2** on the iACH menu enables you to enter in all of your company’s bank details, data transmission protocol configuration and other credentials necessary to send a NACHA compliant file to your financial institution for electronic payment.
-*  **Option 3** on the iACH menu enables you to add and/or modify transactions for specific ACH control records. Transactions can be changed from a released status to an open status, making them eligible for electronic file transmission.
+*  **Option 3** on ACH iPayment menu allows you to view:
+  * The detail of ACH transactions.
-*  **Option 4** on the iACH menu actually creates the ACH Control and detail files. It allows for the creation of these files based upon ACH Control Record (or your company’s bank account details etc defined in Work with ACH Control File Records) and an ACH transaction date range.
+  * The spool file (if applicable) which the transactions were merged with.
+  * Transactions can be changed from a processed (PRC) or Hold (HLD) statuses to Release (RLS) status, making them eligible for electronic file transmission. Output the ACH transactions to a physical file for electronic file transmission.
+*  **Option 4** on ACH iPayment menu allows you to map fields from an external database to the ACH iPayment fields; it will allow you to connect directly ACH iPayment Software to your AP system and creating ACH transactions from your AP database.
-*  **Option 10** on the iACH menu will send the ACH files created, based upon the ACH Control Record specified, to your company’s financial institution, using SFTP. No need to worry about your sensitive data.  SFTP, or secure FTP, is a program that uses SSH to transfer files. Unlike standard FTP, it encrypts both commands and data, preventing passwords and sensitive information from being transmitted in the clear over the network.
+*  **Option 5** on ACH iPayment menu allows you to create a Payee definition to contain all information of your payees; these definitions will be enrolled into your ACH application via option 1.
-*  **Option 11** on the iACH menu lets you schedule the transmission of your ACH files based upon ACH Control Record.
+*  **Option 6** on ACH iPayment menu allows you to purge the transactions in your ACH software
-*  **Option 20** on the iACH menu allows you to create your own fax and email templates. These templates are used when sending your vendors ACH Notification and Pre-notifications. The actual data elements from your ACH reserved fields such as Vendor name, invoice number and invoice amount among others, to be automatically integrated into the template to communicate specific details of the ACH transactions.
+*  **Option 10** on ACH iPayment menu allows you to merge an ACH with an external database
-*  **Option 21** on the iACH menu allows you to add or maintain vendors and associate them with an ACH Control Records. Here you will define vendor specific information such as bank account number, account type, ACH Notification and Pre-Notification preferences as well as email and/or a fax number to send the notifications.
+*  **Option 11** on ACH iPayment menu allows you to merge an ACH with a spool file.
-*  **Option 22** on the iACH menu will send your vendors ACH Notification and/or Pre-Notifications according to which ACH Control Record and ACH processing transaction dates contained within the date range specified.
+*  **Option 15** on ACH iPayment menu allows you to define a Selected Access Group.
-*  **Option 23** on the iACH menu allows you to specify important elements of your ACH system. It allows you to specify where the ACH objects and data are found. It also allows you to specify whether to enable fax and or email ACH Notification and Pre-Notifications, Email client type, default sender address, default subject line and fax client type.
+*  **Option 20** on ACH iPayment menu allows you to assign the Access Authority to a Group or a AS/400 user profile.
+{{pub:iach_flow_of_use.pdf?&950|iPayments Flow of Use}}
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 The table below outlines the configuration and production steps necessary for the initial setup and day to day operations.
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 | 11 | Send Using SFTP |Item 10	| Sends Detail, and if necessary the control file | On production schedule |
 | 12 | Submit ACH Notification | Item 22 |Send a Notification of transaction to vendors of prior step | On production schedule |
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+-->
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