Monitor and Review of ACH Entries. ▇▇▇ must utilize at all times processes to monitor and reconcile all ACH entries submitted to the Originating Depository Financial Institution (“ODFI”) to ensure the accuracy and integrity of such entries. Controls shall include the prevention of duplicate ACH files from being processed by the ODFI and address potentially duplicative ACH files in a timely matter. ACI shall also perform daily reviews of ACH files to reconcile the ACH files sent to the ODFI with the information provided to ACI by the ODFI.
Appears in 4 contracts
Sources: Settlement Agreement and Consent Order, Settlement Agreement, Settlement Agreement