Initiate EFD Upload

The name of the file to be uploaded, which can be typed or selected by browsing

Whether the file is to be a test or production file

Options are as follows:

• Production – The batch file is created for transmission to the financial institution's production payments system.
• Test – The batch file is created for preliminary testing purposes to ensure that the contents pass all validations.

Selecting this option indicates the file is a UTF 8-encoded file.

UTF-8 has become the dominant character encoding for the World-Wide Web. UTF-8 (UCS[1] Transformation Format — 8-bit) is a multibyte character encoding for Unicode. Like UTF-16 and UTF-32, UTF-8 can represent every character in the Unicode character set. Unlike them, it is backward-compatible with ASCII and avoids the complications of endianness and byte order marks (BOM).

The date to override the value date on transactions included in the file being uploaded

All transactions in the batch are assigned the value date entered here.

Indicates which party to the payment is responsible for paying any related fees

Options are as follows:

• Shared – The fees are shared between the originator and the receiver. Normally, the originating bank charges the sender a fee, and the rest of the fees are charged to the payment recipient.
• Ours – The originator of the payment pays all fees. Banks that process the wire send their fees back to the originating bank for payment rather than deducting from the amount of the payment.
• Recipient – The receiver of the payment pays all related fees. Each bank that processes the payment deducts their fee from the principal amount of the payment before passing to the next bank

Marks the file as confidential

Access to a confidential file is limited to:

• The user who uploaded or created the file
• Other users in the same company who are configured for access to confidential files

The Confidential flag restricts access by hiding the file on the Manage EFD Uploads list page. Only entitled users can view, modify, or process the batch file or its contents. The flag also limits access to reports that contain the file, batch, and transaction details.

Specifies how offset transactions are posted

Options are as follows:

• "All Transactions in this file report back as one consolidated item on my statement" (consolidated)
• "All Transactions in this file report back as individual items on my statement" (itemized)