Does anyone know when a customer initiates a payment to be made to a credit card account (credit card account is with Citi, BoA, CapitalOne, etc., for example) from the customer's outside bank checking account, is this payment handled/processed by CashEdge for that credit card company (assuming CashEdge is the third-party who is associated with the group bank (Citi, BoA, CapitalOne, etc., for example)? Or is this electronic ACH debit from the customer's outside bank checking account processed/treated in a different manner? By "group bank" I mean the bank that has the same name as that of the credit card company (Citi bank <-> Citi cards, for example, although I suppose Citi bank and Citi cards are separate entities).

What difference does it make who processes it on the backend?

Even within the same company, credit card and banking units tend to be quite separate, so they may not have unified packages to handle similar transactions across the entire organization. Not sure who processes the credit card payments (although it would vary by bank), but they are handled differently in at least one respect. CashEdge inter-institution transfers require you to verify that the accounts involved are yours, either by verifying a trial deposit or by authenticating your username/password. I have never seen such authentication built into a CC issuer's own CC payment system. You seem to be able to type in any routing and account numbers and that's it.

I was bored before, but now this is interesting

Why were you suspended by CashEdge?

The hard part of doing an ACH transaction is "originating" the transaction. Then, the other bank receives the transaction, and either processes it or rejects it.

Let's say you have your electric bill. The Electric Company has a banking relationship with Joey Joe Bob Bank. Let's also say you have your checking account with BofA, who has a relationship with CashEdge (and Checkfree for billpay).

If you go to The Electric Company's website, and click "pay my bill", then the ACH item is originated by Joey Joe Bob Bank. The item is routed to BofA. CashEdge probably doesn't come into play at all. BofA would then generally be expected to process the transaction, unless they placed broader restrictions on your account, or you didn't have enough funds, or messed up the account number.

markkundinger said:The hard part of doing an ACH transaction is "originating" the transaction. Then, the other bank receives the transaction, and either processes it or rejects it.

Let's say you have your electric bill. The Electric Company has a banking relationship with Joey Joe Bob Bank. Let's also say you have your checking account with BofA, who has a relationship with CashEdge (and Checkfree for billpay).

If you go to The Electric Company's website, and click "pay my bill", then the ACH item is originated by Joey Joe Bob Bank. The item is routed to BofA. CashEdge probably doesn't come into play at all. BofA would then generally be expected to process the transaction, unless they placed broader restrictions on your account, or you didn't have enough funds, or messed up the account number.

What if your Inter Institution Transfers at Joey Joe Bob Bank is suspended, and you still click "pay my bill" and initiate the ACH item (originated by Joey Joe Bob Bank)?

There was somebody else that posted recently that they were suspended...might be worth a search..

Cashedge Cancelled

SinbadS said:maddybeagle said:There was somebody else that posted recently that they were suspended...might be worth a search..
Yes, in my long email to CashEdge, I also included that link for them to reference. I wrote ... Some suspensions are justified for obvious reasons, but many more are not, including my case (you can find a similar discussion in this forum: My bank to bank transfer was suspended by CashEdge: http://www.fatwallet.com/t/52/731542/).

You really shouldnt be directing institutions to specific fat wallet threads...How is that going to help anybody....I am not as stupid as these guys, so please give me my access back vs. them seeing the discussion and taking more action against folks??

SinbadS said:Yes, in my long email to CashEdge, I also included that link for them to reference. I wrote ... Some suspensions are justified for obvious reasons, but many more are not, including my case (you can find a similar discussion in this forum: My bank to bank transfer was suspended by CashEdge: http://www.fatwallet.com/t/52/731542/).

Dumbass.