CBS Changes for Same-Day ACH Fifth File
Effective March 19, 2021, there will be a fifth ACH file that you must process daily. In many cases, this file will be available after normal working hours.
Accordingly, we are adding an additional time for credit unions for which we import ACH files. If you do not automatically post your ACH files, you must manually post the ACH file; otherwise, the final ACH file will post during end-of-day batch processing.
If you want to upgrade your ACH process so that CBS imports your ACH files for you, please contact CBS Sales via the CTT to schedule setup in the near future.
If you want CAMS-ii to automatically post your files, please contact CBS Support via the CTT.
IMPORTANT CONSIDERATION: If you have payroll splits or allocations, we recommend against automatically posting ACH because it bypasses the ACH Workfile and Company ID Maintenance processes.
EFT Conversions and Third-Party Projects
The EFT Industry has experienced significant changes in recent years that have impacted our customers and CBS.
If you are considering a new EFT processor or any other new vendor relationship, please contact CBS via the CTT, so that we can assist you with this process.
Please notify us as soon as possible regarding projects including, but not limited to:
- EFT Vendor Conversion Projects
- Mass Reissue Projects
- EMV and Contactless Card Projects
- Instant Issue Projects and Mandates
Our Sales department can help you with important information regarding the vendors and the interfaces that are supported by CAMS-ii, which will help you make an informed decision. It can also facilitate the desired scheduling and a successful implementation of these projects for your Credit Union.