What is the FedACH Risk RDFI File Alert Service, and what does it do?
RDFI file alert is the latest addition to the Federal Reserve Banks’ suite of FedACH Risk Management Services, joining risk returns reporting and risk origination monitoring. This new service allows an RDFI, to monitor its incoming FedACH® files against certain criteria before posting/memo posting the payments. With RDFI file alert, you can use three criteria to define what you believe to be extraordinary conditions at the FedACH file level. The three criteria are a debit threshold, a credit threshold and/or an item/addenda count (file size) threshold. You can monitor for extraordinary conditions by setting debit and/or credit dollar value thresholds and/or by setting file size thresholds (item and addenda count), which will apply to all files which contain your RDFI batches. When FedACH distributes a file that contains your RDFI’s batches that together exceed your file thresholds, FedACH sends notice to e-mail addresses that you have designated. The e-mail notifies designated e-mail r
