Book description
Automated Clearing House (ACH) payment volume is increasing every year. NACHA estimates that ACH payments crossed 21 billion several years ago. Financial institutions are re-evaluating their current payment platforms. Financial Transaction Manager is a single interface that can handle ACH needs that cross various platforms. IBM® Financial Transaction Manager for ACH Services provides pre-built support for processing all ACH transactions that flow through financial systems. This includes ingestion, validation, transaction management, and distribution. The robust rules-based environment handles payment routing and exception management, and an automated import and export facility handles ACH processing rules. Further functions include administration, process management, data warehousing, and reporting and extracts.
This IBM Redbooks® publication is written for the business analyst (banker), and the computer administrators responsible for configuration of the system. A business analyst can use this book to see what process within Financial Transaction Manger are associated with their banking terms. A bridge is built from banking terms to configuration terms. A system administrator can look into this publication to see exactly how to configure Financial Transaction Manager for ACH to the needs of their financial institution. By creating reference points for both the business analyst and the system administrator, communication and understanding is enhanced as both teams understand each other's terminology and how to use Financial Transaction Manager for ACH.
Table of contents
- Front cover
- Notices
- IBM Redbooks promotions
- Preface
-
Chapter 1. Introduction
- 1.1 Overview of Financial Transaction Manager for ACH
-
1.2 High-level architecture and key components
- 1.2.1 Gateway server
- 1.2.2 Gateway engine
- 1.2.3 Business rules process server
- 1.2.4 Notification of Change (NOC) and Death Notification Entry (DNE)
- 1.2.5 Transaction server
- 1.2.6 Risk management
- 1.2.7 Distribution
- 1.2.8 Settlement
- 1.2.9 Services framework
- 1.2.10 Web services
- 1.2.11 Component interaction
- 1.3 End-to-end processing overview
- 1.4 Overview of the operational user interface
- 1.5 Importing and exporting system configuration
- 1.6 Feature comparison of Financial Transaction Manager between ACH, Check Services, and Corporate Payment Services
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Chapter 2. Streamline customer onboarding using products and services
- 2.1 Products and services overview
- 2.2 Incorporating billing for products and services
- 2.3 Creating an inbound product
- 2.4 Creating an inbound service
- 2.5 Adding inbound services to an inbound product
- 2.6 Creating an outbound product
- 2.7 Creating an Outbound Service
- 2.8 Adding outbound services to an outbound product
- Chapter 3. Validating, enriching, and routing of payments
- Chapter 4. Product and clearing date selection workflow
- Chapter 5. Remediation and auxiliary processing workflow
- Chapter 6. Onboarding a partner
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Chapter 7. Delivery of payments to receiving points
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7.1 Creating an outbound channel
- 7.1.1 Adding basic channel information
- 7.1.2 Adding FILE routing mode information
- 7.1.3 Adding FTP routing mode information
- 7.1.4 Adding email routing mode information
- 7.1.5 Adding EXIT routing mode information
- 7.1.6 Adding FTM Workflow routing mode information
- 7.1.7 Adding Connect:Direct routing mode information
- 7.2 Creating a transmission definition
- 7.3 Configuring an endpoint
- 7.4 Creating custom format files
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7.1 Creating an outbound channel
- Back cover
Product information
- Title: IBM Financial Transaction Manager for Automated Clearing House Services
- Author(s):
- Release date: December 2015
- Publisher(s): IBM Redbooks
- ISBN: 9780738441153
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