If you are using the Automated Clearing House (ACH) module to automatically collect payments, you may find yourself or your team bogged down with manually processing NSF and other ACH return codes. Do you know you can configure the system to reverse ACH payment due to reasons such as insufficient funds or invalid account number? Additionally, you can configure the system to automatically assess an ACH Return Fee.
Although the NACHA file format is standard, the return file received from the back tends to vary from bank to bank. Tamarack can quickly provide a program to load this data into you CMS so that you can process ACH returns daily in batch mode.
Once the ASCII return file has been loaded into the system, the standard ACH Return program can be executed to reverse these payments and, if you wish, assess a miscellaneous fee that will be assessed during the next ACH run.