If it helps, not all banks have this requirement. Wachovia Bank does not
require control totals to be called in if an 831 is sent, because our
system matches the 831 to the 820 and removes the hold on the file
automatically. We DO require manual control totals for anyone who chooses
not to transmit an 831. With automatic matching and release, I don't see a
need for additional confirmations, especially in your case where the 831 is
in a separate transmission from the 820.
Christine Dohm
EDI / Integrated Payables Operations
Wachovia Bank
---------------------- Forwarded by Christine Dohm/OPS/WACH on 07/14/2000
08:27 AM ---------------------------
Date: Thu, 13 Jul 2000 13:45:01 -0700
From: Debbie Shaver <[EMAIL PROTECTED]>
Subject: 820/831 payment process and bank-required manual intervention
MIME-Version: 1.0
Content-Type: text/plain
Hi all,
We are planning on paying our suppliers via an 820 transaction to the bank.
At the end of the day, we will send an 831 (Application Control Totals) to
the bank giving the total number of payments sent and the total dollar
amount. This was to create the "checks and balances" needed to cover
fraudulently created payments. Our bank is now saying that whether we give
them an 831 transaction or not, they want us to call in our totals each day
before they will disburse the funds. This appears to be an unnecessary
manual process, given the checks and balances we have within our system.
Has anyone else encountered this problem before? Is it totally
unreasonable
for us to believe we can eliminate the daily call to the bank?? Our bank
is
pushing back very hard to force us into this daily call. Has anyone else
encountered these problems, and if so, how did you overcome them?
Thanks in advance, again!!!
Debbie Shaver
[EMAIL PROTECTED]
206.318.8739
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