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Endpoint Exchange

The Federal Reserve's IPS Interface streamlines item processing and settlement through a comprehensive TCP/IP framework. It supports over 5,000,000 items with scalable solutions, offering real-time tracking and unique item identification. Enhanced features such as seamless interface, automated adjustment requests, and full X9.37 support contribute to efficient operations. The system minimizes errors, reduces operational expenses, and ensures secure delivery for both depositing and paying entities. With national check volume management and support for various inter-operable standards, it optimizes financial settlements.

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Endpoint Exchange

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  1. Endpoint Exchange Mark Craig, general manager

  2. Federal Reserve Net Settlement System IPS Interface Existing Item Processing System Settlement Totals Exchange Data TCP/IP Endpoint Exchange Client Utility

  3. Image and Data Swap Area Directory Structure Vendor- Specific Interface Software X9.37 In/Out Recon File Exchange API Your Application Endpoint Exchange Client Service Outbound items Inbound Items Write Write Poll & Read Poll & Read Inbound Items Outbound items

  4. Over 5,000,000 items truncated…… 4,000+ Endpoints….

  5. WAN Depositing Entity IPS / Host Client • Forward Collections. • Return Letters. • Adjustment Requests. • System Communications. District Regional Central Exchange Server Internet Delivery • Reports. • Returns. Web Server Desktops Paying Entity IPS / Host Client • Inclearing Letters. • Return Letters. • Adjustment Requests. • System Communications. Other District Regional Central Exchange Servers Archive Interface

  6. Forward Collections • Seamless interface. • Real time tracking mechanisms. • Logs final settlement. • Supports non-truncated accounts. • Monitors counts. • X9.37 support.

  7. Returns • Supports internet delivery • Supports Respondent/Correspondent Relationships. • Unique item type identification. • Supports 100% Deposit. • IRD Print Delivery. • Converting On-Us.

  8. Adjustments • Missing and Free eliminated. • Listing/Recap errors eliminated. • Encoding Errors. • Source to target tracking. • Disallows duplicate requests.

  9. File Standards • X9b participation. • Follow the X9.81 XML model. • X9.37 support: • Returns, IRD’s, Adjustments. • FRB COF 1.4 support. • Industry Inter-operable.

  10. Item Level Exchange • Guarantees Delivery: • Image Quality Analysis • Image Data Content • Presentment • Settlement • Scalable • Distributed Server 2003 platform • National Check Volume

  11. Reduce Non-earning Assets. • Reduce earnings credit and interest expenses. • Increase NSF income. • Reduce float and increase DDA balances and short-term lines of credit. • Reduce capture expense. • Reduce return item processing expense. • Reduce research and adjustment expense. • Reduce fraud expenses.

  12. Discussion

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