UNEMPLOYMENT COMPENSATION CLEARANCE ACCOUNT Sample Clauses

UNEMPLOYMENT COMPENSATION CLEARANCE ACCOUNT. 4.1. Automated Clearing House (ACH) Services 4.1.1. Provide processing for ESD’s ACH program, NACHA formatted debit files. 4.1.2. The download transmission to ESD (return files) will occur on the day of receipt per batch schedules determined by ESD. 4.1.3. Settle files by individual file totals as opposed to batch totals. 4.1.4. Provide warehousing of ACH entries so that ESD may send files to the Financial Institution up to thirty (30) days before the effective entry date. The bank shall be responsible for releasing the warehoused files into the ACH network in compliance with ACH rules. 4.1.5. Provide daily electronic files in NACHA format of all notifications of debit ACH returns and rejections, pre-notes and NOCs. The file should be available for pickup by 1:00 A.M. PT each business day. The file shall contain all returned, rejected and NOC entries from the previous business day. The debit file totals shall be equal to the ACH return settlement entry as posted to the account statement for the previous day’s banking activity. Settlement to the account statement shall be reported as one entry for xxxxx returns. 4.1.6. Ensure that individual entry detail items that may reject on an ACH file shall post as single items on reports and on bank statements (that is settlement of an entire ACH file shall post as one single dollar amount per file with individual rejected entries posting as separate dollar amounts). 4.1.7. Provide supporting documentation for ACH returns that are posted manually by the Financial Institution. Documentation shall be provided no later than 9:00 A.M. PT the business day following posting to ESD’s bank account. 4.1.8. Provide a method for ESD to refuse a live dollar or pre-note entry that has incorrectly posted to ESD’s account. Provide security procedures to ensure/verify that only authorized ESD staff members are able to refuse these entries. 4.1.9. Provide procedures for ESD to request a dishonor of an improperly formatted NOC or live dollar return transaction. Provide security procedures to ensure/verify that only authorized ESD staff members are making the request. 4.1.10. Ensure ACH payments returned for insufficient funds (NSF), R01 will be automatically presented for collection a second time. NSF ACH payments returned a second time will be debited against the account of origination.
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Related to UNEMPLOYMENT COMPENSATION CLEARANCE ACCOUNT

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