Dave Nadolski - Macromatic Indust Controls Inc

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  1. 10 votes
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    Dave Nadolski - Macromatic Indust Controls Inc commented  · 

    ACH payment numbers could be uploaded just like check numbers for the matching process of the bank's positive pay service.

    Dave Nadolski - Macromatic Indust Controls Inc supported this idea  · 
    Dave Nadolski - Macromatic Indust Controls Inc commented  · 

    I think the security risk is not much different from a paper check payment. Two possible control points: the bank can require approval from a second person prior to submitting the ACH batch for processing, and if this is not used, you would still see the payments when reconciling the bank account, unless you have also have a separation of duties issue.

    Dave Nadolski - Macromatic Indust Controls Inc commented  · 

    We are doing ACH payments, but it is more difficult without system support. I can originate ACH's from our bank portal fairly easily, but printing a check copy or other document to serve as remittance advice and emailing it to recipients is labor intensive.

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