Spring brings with it good news for FedLine® for the Web customers: new enhancements to three of our key applications, and more online service options as a result.
To make processing exception items easier, ACH receivers can now use FedLine for the Web to return ACH entries and to create notifications of change (NOCs) electronically.
Easy-to-navigate screens and drop-down lists automate these exception-item tasks and help you avoid having to manually enter most transaction details. If you use DOS-based FedLine® or FedPhone? to derive returns and NOCs, try it on FedLine for the Web and see how easy it is.
If you receive cash shipments more than once a week, you can now schedule your cash orders up to one week in advance. After you submit your cash order, you automatically receive an acknowledgement showing when your armored carrier can pick up your order from the Fed—a function not available on DOS-based FedLine.
This acknowledgement gives your institution a written record of your order and acts as a physical reminder of when your shipment will be available for your courier.
FedLine for the Web customers will enjoy several enhancements to the accounting services suite. You'll find one of the biggest changes right on the service's home page—a link to view your daylight overdraft reports. Previously, this information was available only through DOS-based FedLine.
You'll also notice additional search options available with the "Find Specific Entry(s)" feature in Account Management Information. You now have the choice to view either deferred or future items processed today.
If you are an existing FedLine for the Web customer but haven't signed up for one or more of the services, simply update your subscriber certificate request form. New web customers must complete a new form. For more information, or if you need assistance signing up, contact your account executive or visit www.frbservices.org.
"FedLine" and "FedPhone" are either registered or unregistered trademarks or service marks of the Federal Reserve banks.
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