Have you ever had trouble proving out why a sweep did not occur? A lot of Fiserv Premier® clients have this issue. Read below to find out how the PRM6000 Memopost Report is a possible tool to use to pinpoint the cause.
Challenge:
Sometimes the cause is an unexpected memo post. Memo posts drop off the account within a couple of days, so typically it’s already gone by the time you realize the sweep did not occur, making it difficult to prove.
Solution:
PRM6000 produces a report of all memo posts on all types of accounts for that day. This can be run each day after all transactions have been memo posted for the day and prior to running the nightly update.
Benefit:
If a sweep did not occur because of a memo post, the PRM6000 report is a good tool to use to identify those unexpected memo posts on accounts.
