Batch File Transfer Sample Clauses

Batch File Transfer. The Contractor shall facilitate a method for its receipt of daily custom batch files (which contain ACH instructions and pertinent Customer information) from Participants and third-party contractors that host Participant payment applications. Each batch file may contain up to 99,999 individual transactions scheduled for a specific date. Batch files will be sent between 5:00 PM and 8:00 PM ET each Business Day. The Contractor shall: i. complete acceptance of transactions received via batch file prior to beginning the end-of-day process; ii. send an acknowledgment for each batch file that contains the number and total dollar amount of accepted transactions, and individually identifies any rejected transactions and the reason for the rejection; iii. modify effective dates in batch files to applicable processing dates to ensure that the transactions sent through the ACH network accommodate expected settlement dates; iv. provide extended processing network hours to complete settlements, eliminating split batches caused by high volumes of transactions that overlap settlement cut- off times; v. at the Participant’s request, provide the Participant with a Remittance File that includes a minimum of fifteen (15) Participant-defined fields; vi. provide single batch settlement processing for batch sizes of up to 99,999 transactions; and vii. use the Participant-provided reference number on the NACHA file generated for the Participant, subject to NACHA limitations.
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