Resware has integrations with the banks listed below. Before requesting the addition/change with Qualia, the customer should contact the bank to inquire about their automated features and their setup and ongoing costs. For the Fund Claim system, they will want to specifically ask about intra-day downloads of “BAI” files every 15 minutes. Call your Qualia Customer Success Manager (CSM) for further details and to sign an acknowledgment of the Qualia fee schedule below.
Incoming wires: Fund claims
Resware is integrated with banks where wires incoming into an account will be displayed to users in real-time without having to contact the bank or have access to online banking. When accessed from a file, the Fund Claims panel will display all of the wires that have not already been claimed, and the unclaimed wires can be claimed and receipted into files.
Outgoing wires is integrated with banks where wires are disbursed from the Settlement/Postings panel and then need to be processed in Accounting/Review Outgoing Wires so they can be sent directly to the bank by uploading the wire information from within Resware to the bank. Disbursed wires go through a review process prior to being automatically uploaded to the bank’s queuing system from within Resware where a secondary validation via the bank’s website occurs. Once a user clicks the wire Initiated button on the Review Outgoing Wires panel a secondary validation via the bank’s website must occur before wires are sent out. Once the wire has been issued, Resware populates the wire’s Confirmation Number.
Positive pay: Manual generation
Resware can generate positive pay reports that are exported from Resware and imported to the bank’s website to verify the authenticity of payments. These reports alert the bank of checks that have been disbursed or voided. Utilizing the ability to authenticate checks is a tenant of ALTA’s Best Practices.
Positive pay: Automated generation
Resware is integrated with banks to send positive pay reports automatically to the bank’s web portal.
Resware is integrated with banks to automate the stop payment process of checks that have previously been disbursed.
Supported Banks and Features
The following chart lists banking institutions and the types of integrations available with each:
|Name of Bank||Incoming Wire (Fund Claims)||Outgoing Wires||Stop Payment||Positive Pay Automated||Positive Pay Manual export|
|Bank of America||x||x|
|Bank of the West||x|
|Bank of America||x||x|
|Boone County National Bank||x||x|
|Central Bank of the Midwest||x|
|City National Bank||x||x||x||x|
|Fifth Third Bank||x||x||x||x|
|First Alliance Trust||x|
|First American Trust||x||x|
|First Citizens Bank||x|
|Huntington National Bank||x|
|JP Morgan Chase Bank||x||x||x||x|
|Peoples Bank Midwest||x|
|Sea Coast Bank||x|