cuasterisk.com Xtend, Inc., a Grand Rapids, Michigan-based multi-owned cooperative CUSO, has recently added back office administrative support for foreign ACH transactions to its portfolio of bookkeeping services. As of early September, international ACH support activities have become an additional feature for credit unions that have contracted the Xtend SRS (Shared Resources and Staff) bookkeeping specialists to handle daily share draft, ACH, and ATM exceptions. These new daily tasks include initiation of applicable OFAC scans and the subsequent posting of transactions and applicable fees once the scan returns a “passed” status. Read More
