Winter 1998 News and Views on Eighth District Financial Services

Direct Deposit Coalition Formed;
Logo and Web Site Unveiled

Federal Reserve, NACHA, ACH operators and regional ACH associations team up to promote direct deposit.

New Policy Encourages Compliance with ACH Rules

Fines to be assessed for misuse or noncompliance of NACHA rules.

Lower Electronic Fees and New Price Structures in 1999

A summary of price enhancements for various Fed services.

New ACH Service Supplements FedEDI Software

Auxiliary ACH Information File Service benefits customers who contract with service providers to receive and process ACH items.

Treasury Approves Final EFT 99 Rule

Highlights of the final rule, including ETAs and Waivers, are discussed, as are Eighth District activities.

Louisville Bids Farewell to Ron Hadorn; Welcomes Ralph Ising

Account Executive Ron Hadorn Retires; Former Assistant Check Manager Takes Over.

FedEDI Software Now Available

Software allows financial institutions to translate EDI information in ACH addenda records and pass it along to their customers.

ReserveNotes

• Louisville Includes Rejects with MICR Presentment
• New Web Site for Financial Services
• Plan Now for CDC Testing in 1999
• Partnership Wraps Up Fall Campaign
• Food Coupon Deposits Centralized in Memphis
• New Address for Government and Agency Securities
• Still Time to Sign Up for 1998 FCA

Please send questions or comments to Cheryl Brown