The Transfer Admin Approval/Activity screen displays all pending, denied and completed transfers for the last ten calendar days, and provides you with the ability to approve, delete or deny pending transfers. You must be a designated company administrator the customer Prearranged Payment or Deposit, the ACH The ACH is a network of regional associations, inter-bank associations, and private-sector processors. ACH payments are processed and settled electronically, thereby increasing reliability, efficiency and cost effectiveness. ACH payments are generally settled in one day or greater. payment format by which consumers may authorize credits or debits to their accounts by a company or financial institution. These are normally recurring payments in fixed amounts., or a person assigned by the customer, who will have administration responsibilities in the Commercial Customer Platform of the application. or wire administrator to use this function.
To display the Transfer Admin Approval / Activity screen:
Select the Wire Transfer option on the Funds Transfer menu and then click Transfer Admin Approval / Activity. The Transfer Admin Approval / Activity screen appears.
This screen has three separate sections, Pending Wires, Denied Wires and Sent Wires.
You can sort the information in each section by clicking the up or down arrows in the Reference Number, Date Created, Value Date, Group, Template or Transfer Amount column headers. Click the magnifying glass in the Details column to see full transfer details in a secondary browser window. The new window shows data specific to the selected transfer, in a simplified, read-only format similar to the Template Maintenance screen.
The Pending Wires section shows all wire transfers that are currently in the system but have not yet been sent to the financial institution for processing. The system automatically flags your wire transfers for pending status if you exceed your per-transaction or daily user limit, or if your company’s financial institution a bank, thrift, or credit union requires administrator approval on all wire transfers. If you have company or wire administrator status, you can approve, delete or deny wire transfers from this screen.
The Denied Wires section shows all completed wire transfer activity for the past ten calendar days along with a brief message explaining the denial.
The Sent Wires section shows all completed wire transfer activity for the past ten calendar days, this includes wires that have been received or deleted. You can click the magnifying glass in the Details column to see all of the data for any completed transfer. Sent Wire items are view-only – they represent completed transactions, so there are no options for approval, deletion or denial. You may view the details for sent wires by clicking the checkbox next to the transactions (or checking the Select All Wires option) and clicking the List button.
1. Click the Select check box next to the wire(s) that you want to update. For convenience, you can click the Select All box to select all of the wires in the table, or click Reset to return all settings to their saved values.
2. Do one of the following:
· Click the Approve button to send the wire transfer(s) to the financial institution for processing.
· Click the Delete button to remove the wire transfer(s) without processing. Deleted wires will appear in the Sent Wires section with a status of Deleted.
· · Fill out the Deny Wire message and click the Deny button to send it back to the originator The originator is the individual or organization that is initiating the ACH transmission. For our purposes, the originator is the Commercial Customer using the Cash Management system. for modification and resubmittal.
When deciding what to do with a pending transfer, remember that you can click the magnifying glass in the Detail column to display the wire transfer details in a separate browser window.