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Topic: |
Business
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Number of pages / Number of words: |
22 / 6114 |
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Verify that a printout or reproduction of the information relating to the entry can be provided to the Participating DFI's customer or any other Participating DFI or ACH Operator that originated, transmitted, or received the entry.
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Question staff on procedures for retaining all ACH records for the past six years...
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Determine if all the various fields from the ACH files are reflected on the reports, including return and NOC codes on exception handling reports. Retain paper copies of the reports reviewed.
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COMMENTS, RECOMMENDATIONS, AND EXCEPTIONS:
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Requirements Related to Receiving ACH Entries
(2) When electronic records are used, verify that such records (1) accurately reflect the information contained within the record, and (2) are capable of being accurately reproduced for later reference, whether by transmission, printing, or otherwise...
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