ACH File definition

ACH File means the daily file created by EVERTEC and transmitted to the Federal Reserve in the prescribed ACH format by a financial institution participating in the ACH that contains (i) a list of the ACH Transactions to debit or credit Merchants and/or Government-Merchants, as applicable, for the sum of Sales Records, Credit Records and Merchant Chargebacks received by EVERTEC and (ii) Merchant Transaction Processing Fees calculated by EVERTEC.

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ACH File means the daily file created by Processor that contains the ACH Transactions to debit or credit Merchants, as applicable, for the sum of Sales Records, Credit Records, and Merchant Chargebacks received by Processor and/or Merchant Transaction Processing Fees calculated by Processor that is transmitted to the Federal Reserve by a participating financial institution in the prescribed ACH format.

ACH File has the meaning set forth in Section 4.4.1.

Examples of ACH File in a sentence

• Bank requires that you confirm the transmission of each ACH file, whether transmitted via OLBB ACH File Transfer or Direct ACH File Transfer, via Bank’s ACH Fraud Control Service or by such other means as you and Bank may agree to from time to time.

• Bank’s standard Security Procedures for the transmission or delivery of Entry Data via Direct File Transfer are to require that each ACH File be confirmed via Bank’s ACH Fraud Control Service as described in Part III of this Appendix B.

• Bank’s standard Security Procedures for the transmission or delivery of Entry Data via OLBB ACH File Transfer are to require that ACH files be uploaded by an OLBB Authorized Representative employing a Security Device furnished by Bank and that each ACH File be confirmed via Bank’s ACH Fraud Control Service as described in Part III of this Appendix B.

• Bank’s standard Security Procedures for the transmission or delivery of Entry Data via OLBB ACH File Transfer also include those security measures that Bank may offer and you may accept from time to time, such as device authentication, daily dollar limits, and international entitlements.

• We recommend the transmission of ACH files be done by 2 employees, one to create and initiate the ACH File and a second to approve and submit the ACH File for processing.

• If we receive an ACH File after our processing deadline, we will not be responsible for failure to meet the deadlines of the ACH distribution network for processing and transmitting Entries.

• If you use our ACH Scheduling Service, we will anticipate the receipt of an ACH file transmission from you on each scheduled processing date identified by you in writing on our form of ACH File Transmission Calendar (subject to our acceptance and approval).

• Entry Data may be transmitted or delivered via OLBB either by utilizing the OLBB ACH Module or by transmitting ACH Files you create directly to Bank via the OLBB ACH File Transfer capability.

• Alloya shall receive a copy of Member’s ACH File from the ACH Operator.

• If you do not call by the ACH File Received Deadline (see our Processing Schedule (Exhibit 1)), you will be considered to have conclusively acknowledged that you received an ACH File Received notification that accurately reflects the transfers you have authorized.

More Definitions of ACH File

ACH File means the electronic transaction that results from ECC and includes NACHA standard entry class codes ARC, WEB, POP, TEL, and BOC.

ACH File. Set up a file on Tandem for each ACH settlement for each terminal.

ACH File shall have the meaning set forth in Section 8(a).