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Step 1 of 4

Retrieve Accounts

Purpose of Step

This is the first step of the process for a Payment Requestor A person or back office system that has the authority to initiate as well as cancel payment requests. to initiate a payment request. On this step, you will specify the criteria of the accounts you wish to retrieve as well as define some data to characterize the payment request.

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Actions for this Step

1. Specify the account(s) that you wish to retrieve.

Enter one or more of the following criteria to retrieve your desired accounts:

 Recipient The organization that is entitled to the funds. ID The 7-digit identifier assigned to a Recipient Organization or Payment Requestor within ASAP. , ALC /Region, and Account ID The ASAP account that has been setup by the federal program agency. (or partial)

Note:

1. 1. • You can search for the Recipient ID and ALC/Region using Find.

1. 1. • You can enter a partial Account ID using wildcards (the “or partial” link provides further explanation).

2. Specify Template Way to store a subset of accounts selected, ability to specify remittance codes for ACH; can store default bank to which the payment will be delivered. information by entering the Template Name .

3. Specify payment information by completing the following required fields:

•  Payment Request Type Identifies the type of payment transaction that is, such as: A - Payment N - Payment that caused the account balance to go negative R - Return P - ACH Prenote C - ACH contested dishonored return D - ACH dishonored return. – select either Individual or Summary

• • The Payment Request Type drop down shall only display Individual when debt ceiling is in effect.

•  Payment Method The method specified by the payment requestor that is to be used for delivery of the payment. Automated Clearing House (next day settlement) or Fedwire (same day settlement). – select either ACH or Fedwire FRB central application for same day electronic funds transfer.

•  Bank Relationship Identifies a specific bank account to which the ASAP payment is to be credited. A payment requestor is allowed to have an unlimited number of Fedwire and ACH banking relationships. - defined on the Payment Requestor profile

•  Requested Settlement Date The requested date when the actual transfer of funds from ASAP to the requestor's bank occurs. – if you specify Fedwire, the settlement date is the current business date The date, for which business activity occurred, i.e. transactions were completed. (or the following business day A calendar date that ASAP is open for business. if Funds cutoff time has passed); if you specify ACH, you can enter a date from current business date (if before Same Day ACH cutoff time has passed) up to 33 days after the current business date, if the Agency allows it within the account and/ or agency profile.

4. You may enter an optional Requestor Reference Number An optional field that allows the user to identify the payment request. .

5. Click Continue.

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