| Title: | PMS PROBLEM SUMMARIZED FOR TRADE |
|---|---|
| Date: | 2005-12-22 |
| To: | abi |
| Links: | previous, next |
TO: ABI PERIODIC MONTHLY STATEMENT FILERS
FROM: OFFICE OF INFORMATION AND TECHNOLOGY
SUBJECT: PERIODIC MONTHLY STATEMENT PROBLEM SUMMARIZED FOR TRADE
ON DECEMBER 21, 2005, CBP EXPERIENCED A PROBLEM WITH THE PERIODIC
MONTHLY STATEMENT PROCESS. THE IMPACT TO THE TRADE INCLUDED THE
FOLLOWING:
798 FINAL JANUARY 2006 PERIODIC MONTHLY STATEMENTS WERE
ERRONEOUSLY SENT TO THE TRADE EARLY IN THE MORNING OF 12/21/06.
THE PERIODIC DAILY STATEMENT DEBIT AUTHORIZATION (PN) TRANSACTION
WAS ERRONEOUSLY REJECTING DEBIT AUTHORIZATIONS FOR PERIODIC DAILY
STATEMENTS THAT BELONG TO A JANUARY 2006 PMS.
WHAT CAUSED THE PROBLEM?
THIS PROBLEM WAS CAUSED BY AN ERROR IN THE CALCULATION OF THE PAYMENT
DUE DATE WHICH IS DONE WHEN A PN TRANSACTION IS PROCESSED. PRIOR
TO JULY 2006 THE PMS DUE DATE WAS ALWAYS THE 15TH CALENDAR DATE OF THE
MONTH AND NO CALCULATION WAS NEEDED. SINCE THEN, THE PMS DUE DATE HAS
BEEN THE 15TH WORK DAY OF THE MONTH. THIS VARIES FROM MONTH TO MONTH.
DECEMBER 2006 WAS THE FIRST TIME THE CALCULATED DUE DATE ROLLED OVER TO
A NEW YEAR (2006).
DID THE ACH DEBIT AUTHORIZATION RELATED TO THE ERRONEOUS JANUARY
PERIODIC MONTHLY STATEMENTS GET PROCESSED THROUGH THE BANKING SYSTEM?
NO.
DO I NEED TO DO ANYTHING ABOUT MY PREVIOUS SUCCESSFULLY PROCESSED DEBIT
AUTHORIZATIONS RELATED TO A JANUARY PERIODIC MONTHLY STATEMENT?
NO.
DID THE PROBLEM AFFECT REGULARLY DAILY STATEMENTS (NOT PART OF THE
PERIODIC MONTHLY STATEMENT PROCESS) AND THEIR DEBIT AUTHORIZATIONS?
NO.
DID THE PROBLEM AFFECT ALL PERIODIC MONTHLY STATEMENT PARTICIPANTS?
NO. THE PROBLEM ONLY AFFECTED ACH DEBIT PARTICIPANTS WHO BEFORE
MIDNIGHT 12/20/05 HAD ALREADY PROCESSED AT LEAST ONE ACH DEBIT
AUTHORIZATION (ABI APPLICATION IDENTIFIER PN) FOR A PERIODIC DAILY
STATEMENT THAT WAS SCHEDULED TO BE PART OF A JANUARY 2006 PERIODIC
MONTHLY STATEMENT.
WHAT DO I DO WITH THE FINAL JANUARY 2006 PERIODIC MONTHLY STATEMENTS
THAT I RECEIVED THROUGH ABI?
IGNORE THEM. ON THE DATE THAT YOU HAVE SCHEDULED YOUR PRELIMINARY
MONTHLY STATEMENT FOR JANUARY 2006 TO PRINT (FOR MOST ACCOUNTS THIS
IS JANUARY 18, 2006) YOU WILL RECEIVE THE CORRECT PRELIMINARY PERIODIC
MONTHLY STATEMENT. ON JANUARY 24, 2006 YOU WILL RECEIVE YOUR CORRECT
FINAL PERIODIC MONTHLY STATEMENT.
IF I RECEIVED AN ERRONEOUS FINAL JANUARY 2006 PERIODIC MONTHLY
STATEMENT WILL THE SAME PERIODIC MONTHLY STATEMENT NUMBERS BE USED
WHEN I RECEIVE MY CORRECT JANUARY 2006 PERIODIC MONTHLY STATEMENTS?
YES.
WHEN WILL I BE ABLE TO SUCCESSFULLY PROCESS DEBIT AUTHORIZATIONS FOR
PERIODIC DAILY STATEMENTS SCHEDULED TO BE PART OF MY JANUARY 2006
PERIODIC MONTHLY STATEMENTS?
HOPEFULLY, NO LATER THAN THE MORNING OF 12/23/05. THERE ARE MANY
INTERNAL TABLES USED TO CONTROL THE PERIODIC MONTHLY STATEMENT
PROCESS IN ACS AND ACE. THESE TABLES ARE IN THE PROCESS OF BEING
CORRECTED. WE HOPE TO HAVE THE TABLES THAT AFFECT THE TRADE CORRECTED
BY THE END OF THE DAY 12/22/05. ONCE THESE CORRECTIONS ARE COMPLETE,
THE DEBIT AUTHORIZATIONS WILL PROCESS SUCCESSFULLY.