Automating Federal Government Reclamations and Exceptions

The U.S. Department of the Treasury’s Bureau of the Fiscal Service (Fiscal Service) is the single largest originator in the ACH Network, with 1+ billion payments totaling $3.5 trillion delivered each year to recipients of tax refunds, Social Security and veterans’ benefits, vendor, and other federal payments. This session will provide a deep dive of the mandatory Automated Reclamation Processing System (ARPS), Treasury Check Verification System (TCVS) and modernization efforts for the non-receipt process leveraging the Exception Resolution Service (ERS) (in collaboration with the Federal Reserve Bank).