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What is Method 1 processing (the all accounts method) referenced in the Federal FIDM specifications?

April 26, 2017accounts Federal FIDM method referenced specifications

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What is Method 1 processing (the all accounts method) referenced in the Federal FIDM specifications?

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The all accounts processing method 1 is where a financial institution sends the State a file quarterly identifying all open accounts. The state then does in-house matching and subsequent processing.