[Treasury-News] UPDATE: STAN ACH Origination Delay 8/4/10 - Also impact to Incoming files (Incoming ACH, ACH Returned Items and Redeemed Checks)

[Brady Coy]

Our originating bank has completed the process of pushing out Agency ACH transactions scheduled to settle into bank accounts today.  Receiving bank accounts at US Bank should see funds post today, but bank accounts at other financial institutions may experience a delay of one day in receiving ACH transfers sent yesterday with a settlement date of today.

We are still working with the bank to obtain Incoming ACH, ACH returned items,  and redeemed check information for today.  We will provide notification and distribute that information out to agencies as soon as we have it.

We will provide additional updates and information as it becomes available.


From: treasury-news-bounces at listsmart.osl.state.or.us [mailto:treasury-news-bounces at listsmart.osl.state.or.us] On Behalf Of COY Brady T
Sent: Wednesday, August 04, 2010 9:49 AM
To: 'treasury-news at listsmart.osl.state.or.us'
Subject: [Treasury-News] STAN ACH Origination Delay 8/4/10
Importance: High

Due to system issues at our originating bank, STAN Agency ACH Origination transactions sent to Treasury yesterday (8/3/10) with an effective date of today (8/4/10) may be delayed in posting to receiver accounts.  Our originating bank is working to push ACH transactions out this morning, but some transactions may not post to receiver accounts until tomorrow (8/5/10).

We will provide additional updates and information regarding this issue as they become available.

We apologize for any inconvenience caused by this issue.





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