Preface

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Preface

Automated Clearing House (ACH) payment volume is increasing every year. NACHA estimates that ACH payments crossed 21 billion several years ago. Financial institutions are re-evaluating their current payment platforms. Financial Transaction Manager is a single interface that can handle ACH needs that cross various platforms. IBM® Financial Transaction Manager for ACH Services provides pre-built support for processing all ACH transactions that flow through financial systems. This includes ingestion, validation, transaction management, and distribution. The robust rules-based environment handles payment routing and exception management, and an automated import and export facility handles ACH processing rules. Further functions include administration, process management, data warehousing, and reporting and extracts.

This IBM Redbooks® publication is written for the business analyst (banker), and the computer administrators responsible for configuration of the system. A business analyst can use this book to see what process within Financial Transaction Manger are associated with their banking terms. A bridge is built from banking terms to configuration terms. A system administrator can look into this publication to see exactly how to configure Financial Transaction Manager for ACH to the needs of their financial institution. By creating reference points for both the business analyst and the system administrator, communication and understanding is enhanced as both teams understand each other’s terminology and how to use Financial Transaction Manager for ACH.

Authors

This book was produced by a team of specialists from around the world working at the International Technical Support Organization, Raleigh Center and in Charlotte, NC.

	Prasad Edlabadkar is an IBM Certified IT Architect and IBM Certified SOA Solution Designer with IBM Global Business Services® in India. He has over 12 years of experience in information technology with over 9 years in building integration solutions for large banks and insurance companies. He has worked at IBM for 7 years. His areas of expertise include Payments architecture, integration solutions, and retail banking transformation solutions. He holds a Bachelor of Engineering in Electronics and Telecommunications degree from Pune University, India.
	Lorraine Nacamuli is a Managing Consultant for IBM Commerce Financial Operations Lab Services. She has worked as a software consultant and architect for Financial Transaction Manager for the last four years. She has been an IBM Certified Information Technology Architect for 8 years. She has a Master's Degree in System Science from the Thomas J Watson School of Applied Science and Engineering at Binghamton University.
	Katerina Nedeltschew is a Technical Support Engineer for Financial Operations products, including the strategic Financial Transaction Manager family, in Boeblingen, Germany. She acquired her knowledge of the payments industry during her studies of International Business Administration at the Berlin School of Economics and Law. In 2011, she joined IBM and gained experience in various different business units before she focused on the technical career path and joined the Financial Operations Support department. Her main competence has since been the Financial Transaction Manager.

This project was led by:

Deana Coble, ITSO Project Leader

Special thanks to the sponsors of this project for their guidance:

•Rayne Anderson, Senior Software Engineer

•Gary Books, Senior Development Manager

•Craig Rector, Payments Offering Manager

Thanks to the following people for their extended time and contributions to the project:

•Michael Brown, Software QA Engineer

•James Gallogly, Software QA Engineer

•John Hillery, Senior Software Engineer

•Kevin Sorg, Senior Software Architect

•Hayes Thomas, Senior Software Engineer

Thanks to the following people for reviewing the content:

•Donald Bell, Payments Services Solution Architect

•Ken Drummer, Software QA Engineer

•Peter McGrath, Technical Solutions Architect

•Joe Meiners, Senior Software Engineer

•David Redman, Payments Sales Representative

Thanks to the following people and for the support from the ITSO, Raleigh Center:

•Martin Keen, IBM Technical Content Services Project Leader

Now you can become a published author, too!

Here’s an opportunity to spotlight your skills, grow your career, and become a published author—all at the same time! Join an ITSO residency project and help write a book in your area of expertise, while honing your experience using leading-edge technologies. Your efforts will help to increase product acceptance and customer satisfaction, as you expand your network of technical contacts and relationships. Residencies run from two to six weeks in length, and you can participate either in person or as a remote resident working from your home base.

Find out more about the residency program, browse the residency index, and apply online at:

ibm.com/redbooks/residencies.html

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