Also consider that it would be very difficult for an institution to achieve 100% ACH participation. You may want to consult your IT department about the cost and risk to your institution of protecting this data so you can factor this into the evaluation. By building your own program, your institution may take on the considerable security risk of housing banking information and PII (Personally Identifiable Information) on internal servers. Once your documentation has been reviewed, we will notify you by email to let you know if any further action is needed.While it is true that the act of initiating ACH transactions is inexpensive, there is much more to consider when running a refund program, including non-ACH refunds and student communications and service.
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