General Features

• ACH Origination
• Automated Recurring Payments
• Import NACHA files
• Import raw data
• ACH Receiving
• ACH Returns/NOCs
• FEDI Translation
• Web-based access
• Brandable
• OFAC Scanning Services
• 256-bit Encryption
• Digital Certificates
• Secure File Transfer

Specific ACH Features & Benefits

The grid below will help you determine which features / benefits are offered by each type of tiered model. Click the linked short description to show or hide more details. If you have questions, please contact us!

ACH BUSINESS PRODUCT / SERVICE GRID

FEATURES / BENEFITS	3-Tier Model	2-Tier Model	1-Tier Model
3-Tier Hierarchy Capable For: Corporate CUs, Banker's Banks, FHLBs Supports "Concentrators" (all levels of financial institutions), end-to-end, with a secure & simple communication method for ACH file delivery, ACH origination, ACH returns, etc.
2-Tier Hierarchy Capable For: Credit Unions or Banks Supports a "Processor" (bank or credit union) and its corporate customers, end-to-end, with a secure & simple communication method for ACH file delivery, ACH returns, ACH origination, and ACH file delivery.
1-Tier Hierarchy Capable For: Business or Corporations Provides "Clients" (business or corporate customers) an easy solution to creating ACH files for further delivery (export to an ACH file) to a bank or credit union in NACHA-compliant format.
ACH Risk Management Automated monitoring of customer ACH file originations and returns by SEC code, daily customer limit checking, and detecting unauthorized debits.
Recurring Payments Provides the ability for end users of tier-2 and tier-3 customers to schedule automatically generated NACHA files which are then automatically committed/sent to the parent tier. Currently supports loan payments, bill collection, and G/L entries. Also supports 2-day vs 1-day settlements.
Consolidated ACH File Combines all ACH files submitted by users into a single file. Easier to manage and possibly cheaper when sending to another financial institution.
Import Raw Data Creates an ACH account database or an ACH file from Excel spreadsheet, QuickBooks, text files, etc.
Import NACHA-formatted Files Handles files created by other systems (i.e. payroll software).
Strip ONUS Items Builds a separate file containing your institution's items.
Check Scanning Integrated check scanning to create ARC, POP, and RCK files. Supports ACH/MICR File Delivery and MICR Returns / Retrievals.
Conversion Services For short-term situations such as the sale of a branch, rebuild incoming ACH files with items for specific ABA numbers or accounts.
OFAC Scanning Services Automatic scan and archival of transactions (controlled at each tier) against the OFAC / SDN list. Manual scan also available.
Digital Security 128-bit End-to-End Encryption, Digital Certificates, & Secure File Transfer (applies to all tiers). For larger customers (i.e. with dedicated servers), we are also able to integrate with RSA (Random Scheduling Algorithm) authentication to protect against Man-in-the-Middle attacks (i.e. keyloggers, malware, spyware, etc). Alternatively, for larger customers, we are also able to integrate with biometric scanners (i.e. fingerprint authentication) and other methods (upon request).
FEDI Translation View files in FEDI Translation, where necessary.
Supports ACH Origination, Returns, NOCs, etc All tiers support ACH origination, ACH returns / NOCs (ACH notice of change), ACH file edit / reversal.
Private Label Available Customize the ACH portal with your organization's colors and /or logo to ensure those logging in recognize your brand. Both 3-tier & 2-tier come standard with customization.
Compliance Documentation (Due Diligence) We have over 20 documents available for a one-time service fee that cover aspects of due diligence, including disaster recovery, SAS 70, financial compilation, processes & procedures, insurance & liabilities, and much more. On-demand "Compliance Portal Access" is also available for a nominal monthly fee (provided by industry leader and SBT partner, Digital Compliance).
Supports Most SEC Codes (IAT, PPD, CCD, etc) SBT's ACH service supports more SEC codes than most ACH software on the market. Support includes IAT (International ACH Transfer), CCD & PPD (typically bill collection, bill payment, or payroll), WEB (web orders), TEL (telephone orders), Child Support payments, Cash Concentration, Destroyed Checks, Direct Debit, Direct Deposit, Direct Payment, Disbursement, NSF Check Recovery, Loan Payments, eBanking, EDI Payment, EFT (electronic funds transfer), EFTPS, Electronic Checks, ENR, Enrollment, HSA funding, and many more.