3.1.11 US ACH Network Cutoff Changes
The Same Day Transactions Cutoff Time and Standard ACH Cutoff Time can be maintained as part of the US ACH Network Preferences (Function ID: PNDNWPRF). A new preference field has been introduced to determine whether Same Day transactions should be processed as Standard ACH after the Same Day cutoff time. The existing fields for Extended Cutoff Time have been renamed and moved under the Standard ACH Preferences section.
If the Process as Standard entry after cutoff time preference is enabled, transactions received after the Same Day cutoff time but before the Standard ACH cutoff time are processed as Standard transactions on the same day the request is received. For these transactions, the Effective Date is automatically set to the next banking day.
If this preference is not enabled, transactions received after the Same Day cutoff time are moved to the warehouse queue. These transactions are then processed on the next banking day as Same Day transactions.
- If the Same Day cutoff time has passed but the Standard ACH cutoff time has not yet been reached, and the Process as Standard entry after cutoff time preference in PNDNWPRF is enabled, the system changes the settlement method to Standard and sets the effective date to the next banking day.
- If this preference is not enabled, the transaction is processed according to the Auto Queue Preference configured for the source in PMDSORCE. The available options are to Rollover the Dates, Cancel, or Retain in Queue.
- If the Standard ACH cutoff time has also passed, the same processing logic applies based on the parameter and source preference settings.
Note:
For transactions with the settlement method set to Standard, only the standard cutoff time applies.Additionally, the field name Network Extended Cutoff Time has been changed to Network Standard Cutoff Time in US ACH Dispatch Parameters (PMDNACDP) screen.
Parent topic: US ACH