| Title: | INTRODUCING ACH CREDIT TRANSACTION |
|---|---|
| Date: | 1995-02-17 |
| To: | abi |
| Links: | previous, next |
THE U. S. CUSTOMS SERVICE IS PLEASED TO ANNOUNCE ITS NEWEST ELECTRONIC
PAYMENT CAPABILITY, AN ACH ELECTRONIC CREDIT TRANSACTION.
* * * * * *
THE FIRST PHASE OF THIS ACH ELECTRONIC CREDIT CAPABILITY WILL BE
RESTRICTED TO THE PAYMENT OF DEFERRED TAXES, WITH SCHEDULED
IMPLEMENTATION DATE ON OR AROUND MAY 1, 1995.
* * * * * *
THIS ACH CREDIT TRANSACTION IS INITIATED BY THE PAYEE DIRECTLY THROUGH
THEIR FINANCIAL INSTITUTION. IT IS NOT AN ABI TRANSACTION.
THE FINANCIAL INSTITUTION MUST BE CAPABLE OF TRANSLATING THIS CREDIT
TRANSACTION INTO A STANDARDIZED ELECTRONIC DATA INTERCHANGE (EDI) -
AUTOMATED CLEARINGHOUSE (ACH) CREDIT FORMAT; NAMELY, CCD+ OR CTX.
CASH CONCENTRATION AND DISBURSEMENT PLUS (CCD+) AND
CORPORATE TRADE EXCHANGE (CTX) ARE EDI FORMATS APPROVED BY THE
NATIONAL CLEARINGHOUSE ASSOCIATION (NACHA), AMERICAN NATIONAL
STANDARDS INSTITUTE (ANSI), AND ACCREDITED STANDARDS COMMITTEE (ASC)
FOR THE EXCHANGE OF BUSINESS DATA RELATING TO THE ORIGINATION
OR RECEIPT OF PAYMENTS.
THIS "INITIATE CREDIT" ACH CAPABILITY ALLOWS THE TRADE COMMUNITY
AN ADDITIONAL PAYMENT METHODOLOGY. THE CURRENT ACH DEBIT PAYMENT
FEATURE IN ABI REMAINS AVAILABLE FOR USE BY OUR ABI PARTICIPANTS.
THE "INITIATE ACH CREDIT' PAYMENT IS BEING DESIGNED TO ALLOW
PAYMENT OF ALL LIABILITIES INCURRED BY THE TRADE COMMUNITY DOING
BUSINESS WITH CUSTOMS; LIABILITIES SUCH AS DEFERRED TAX PAYMENTS,
BILLS, STATEMENTS, ETC. THE INITIATE "ACH CREDIT" PAYMENT FEATURE
WILL ALLOW THE PAYEE TO CONSOLIDATE THE PAYMENT AND FINANCIAL INFORMA-
TION INTO ONE ELECTRONIC TRANSACTION. THE FIRST PHASE
OF THIS "INITIATE ACH CREDIT" PROCESS (CCD+ AND CTX) WILL BE
RESTRICTED TO THE PAYMENT OF DEFERRED TAXES. THIS PAYMENT
CAPABILITY FOR DEFERRED TAX PAYMENTS IS SCHEDULED TO BE
IMPLEMENTED IN LATE APRIL OR EARLY MAY, 1995.
ALSO UNDER CONSIDERATION IS THE EXPANSION OF THE CURRENT ACH
DEBIT PAYMENT FEATURE TO PROVIDE ABI PARTICIPANTS THE ABILITY TO
PAY ALL TRADE RELATED FINANCIAL LIABILITIES IN ADDITION TO ABI
STATEMENTS; LIABILITIES SUCH AS BILLS, DEFERRED TAXES, ETC.
IF YOU ARE AN IMPORTER OF ALCOHOLIC BEVERAGES AND NOT CURRENTLY
APPROVED FOR THE "DEFERRED PAYMENT PRIVILEGE", YOU MAY APPLY FOR
THIS FEATURE THROUGH YOUR LOCAL DISTRICT DIRECTOR. THE DEFERRED
PAYMENT PRIVILEGE IS EXPLAINED IN 19CFR, SECTION 24.4 OF THE
CUSTOMS REGULATIONS.
IF YOU ARE APPROVED FOR THE DEFERRED TAX PRIVILEGE AND WISH TO
UTILIZE THE ACH CREDIT FEATURE, PLEASE CONTACT YOUR ABI BROKER OR
YOUR ABI CLIENT REPRESENTATIVE.
IF YOU HAVE NO ABI CLIENT REPRESENTATIVE AND WOULD LIKE MORE
INFORMATION, PLEASE CONTACT ANY CLIENT REPRESENTATIVE IN OUR
HEADQUARTERS ACS OFFICE OR ONE OF THE ACS FIELD OFFICES NEAREST
YOU AS LISTED BELOW.
HDQTRS. ACS, WASH., D. C. 202-927-1210
CHICAGO ACS 312-353-9277,76
CLEVELAND ACS 216-891-3814,15
BOSTON ACS 617-565-8191,6342
PHILADELPHIA ACS 215-597-9920,06
NEW YORK ACS 212-466-5465
JFK ACS 718-553-2065
NEWARK ACS 201-645-3065
MIAMI ACS 305-869-2781,82
CHARLOTTE ACS 704-357-0115,16
HOUSTON ACS 713-942-6931
NEW ORLEANS ACS 504-589-4523,2082
LOS ANGELES ACS 310-514-6073
LAX ACS 310-215-1392,94
SAN FRANCISCO ACS 415-744-6024,25
SEATTLE ACS 206-553-1622,5227
CSMS #95-000492