Terminated Originator Database
March 1, 2011, NACHA — The Electronic Payments Association today announced the availability of a Terminated Originator Database. FIS® Risk, Fraud and Compliance Solutions was selected as the preferred vendor to host and administer the database as an FIS product in support of the NACHA Board Policy Statement on Use of a Terminated Originator Database, adopted on Oct. 21, 2010.
The Terminated Originator Database allows ODFIs to share information regarding the circumstances under which ACH processing for specific Originators or Third-Party Senders has been terminated. This enables ODFIs to focus due diligence efforts on Originators and Third-Party Senders whose history may warrant further review.
TOD Participant Prerequisites:
- Read and understand the terms and conditions of being a TOD participant
- Identify who, from your institution, will have access to the TOD solution:
- Identify users and user roles
- Outline access and privileges
- Understand the TOD Contribution and Inquiry process and functionality
- Understand the dispute and resolution process (user-administered database)
- Identify users and user roles
Pricing
One-time setup fees apply and are tiered based upon the asset size of your institution. Our flexible pricing options include a per-inquiry fee, a monthly subscription or a combination model. We also offer a batch option. You may choose the option that best suits your institution and change it at any time.
Please refer to the start-up packet provided before enrollment for detailed information.
How Do I Enroll?
E-mail us at TODAdministrator@fisglobal.com and request a starter kit for TOD participation. We will send you all of the necessary materials and instructions.