RE: ACH for electronic checks processing

Thanks for the reply. We would be going through our bank. Our Accounting
Office is making that contact to get their input.

-----Original Message-----
From: midrange-l-bounces@xxxxxxxxxxxx
[mailto:midrange-l-bounces@xxxxxxxxxxxx] On Behalf Of Nathan Andelin
Sent: Monday, January 29, 2007 12:28 PM
To: Midrange Systems Technical Discussion
Subject: Re: ACH for electronic checks processing

It has been about 10 years since I've done anything with ACH, but it's
regulated by the Federal Reserve, and they publish a guidebook for those
who connect to their system for both originating and receiving ACH
transmissions.

Are you connecting directly to the Federal Reserve to originate payroll
direct deposits, or going through a financial institution?   If you're
working with a financial institution, then they should have the
information you're interested in.

Nathan M. Andelin



----- Original Message ----
From: Mike Cunningham <mcunning@xxxxxxx>
To: Midrange Systems Technical Discussion <midrange-l@xxxxxxxxxxxx>
Sent: Monday, January 29, 2007 10:10:50 AM
Subject: ACH for electronic checks processing

We currently use ACH for doing Payroll direct deposit. Our Accounting
office would like to start using ACH for paying AP vendors and as a way
to let students (aka parents) pay on-line tuition bills. We currently
only do online payment by credit card. We want to start collecting bank
routing and checking account numbers and doing a debit to that account
for payments via ACH.  Does anyone have and do's and don'ts or things to
watch out for? Are there any IT regulations that need to be followed
when collecting checking account information over the web like there is
for credit cards? (e.g. encrypting card numbers, data retention, SSL,
etc)