Review Wire Transfer
The Wire Manager User Interface program provides you with the ability to review, approve, and disapprove wire transfers that the system generates within Wire Manager or that it imports into Wire Manager when you access Business Online or Abiliti or Access Manager.
The following sections display on this page:
Payments & transfers section-Wire Transfers
Review Wire Transfer Functionality
Overview
The Review Wire Transfers functionality ensures that individual Wire Manager users or financial institutions that use Wire Manager can review and approve wire transfers that exceeds the review threshold that you establish.
You can establish the review threshold using the following options.
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Review Type |
Review Thresholds |
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Financial Institution |
Review All - indicates that any transfer that a Wire Manager user submits or submits on behalf of a Wire Manager user that the system associates with the limit group, requires review and approval by your financial institution. |
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Financial Institution |
The system requires review by an individual Wire Manager user or your financial institution for a wire transfer when the debit dollar value or credit dollar value threshold that you set exceeds one or more of the following threshold types:
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|
Client |
Review All - indicates that any transfer that a Wire Manager user submits or submits on behalf of a Wire Manager user that the system associates with the limit group, requires review and approval by one. |
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Client |
The system requires review by one or more clients that it associates with the transfer when the wire transfer dollar value threshold that you set exceeds one or more of the following threshold types:
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Number of Client Approvals |
Client review of wire transfers enable the administrator to establish the number of clients that the system requires to review and approve a wire transfer. Note: Wire Manager users that submit a Wire Manager transfer cannot review and approve the transfer. |
After you establish a review option, the system requires an individual user or your financial institution to review and approve wire transfers that it bases on how you access Wire Manager.
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Access using Business Online
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Access using Access Manager
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Business Online
Business Online is a browser-based, business Internet banking solution that extends your financial institution the ability to perform a number of business banking activities. One of these business banking activities is the review of wire transfers that the system generates within Wire Manager or that it imports into Wire Manager. After you sign in to Business Online, you can review wire transfers in one of two ways.
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Expand the Payments & transfers section on the Home page
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Review Wire Manager Functionality
The system bases what you can see and interact with after you sign in to Business Online using the user permissions that you establish.
For example, John Adams is an employee of Washington Orchards and is setup with user permissions that include review of the wire transfers. Subsequently, when John Adams signs in to Business Online, the system displays Review within in the Payments & transfers section; he can perform the Review Transfers functionality within Wire Manager.
Thomas Jefferson, another employee of Washington Orchards is setup with user permissions that do not include the review of wire transfers. Subsequently, when Thomas Jefferson signs in to Business Online the system does not display Review within the Payment & transfers section; he cannot perform the Review Wire Transfer functionality in Wire Manager.
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Payments & transfers - Wire Transfers
The Payments & transfers section populates the wire transfers for review on the Business Online Home page. This section enables you, with sufficient permissions, to review transfers from Wire Manager or Business Online. This Wire Manager section populates with the wire transfers that meet the following criteria:
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Exceed an established review threshold
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Require one or more clients to review the transfers
Wire transfers that one specific wire user (for example, John Adams) submits that require client review are not available to John Adams when he signs in to Business Online and reviews the transfers that display in the Review section within Payments & transfers. The transfers are available to another user who the system associates with Mr. Adams' employer and possesses the requisite permissions to review and approve wire transfers. Refer to the Reviewing Wire Transfers procedures for guidance to perform a wire transfer review when you use Business Online Payments & transfers.
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Review Wire Transfers Functionality
The system extends you the ability to review wire transfers when you sign in to Wire Manager from the Payments & transfers menu in Business Online, and then select Review Wire Transfer from the Select Wire Transfer Criteria page. After the system displays the Review Wire Transfers list, you can approve or disapprove wire transfers when you select the appropriate value from the Status drop-down list. Alternatively, you can approve or disapprove all of the transfers that display on the Review Wire Transfers list when you select the Approve All hyperlink or the Disapprove All hyperlink. Refer to the Reviewing Wire Transfers procedure for guidance to execute a wire transfer review when you use the Review Wire Transfer functionality in Business Online.
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Abililti
Abiliti is the new cloud based online banking experience for financial institutions. It enables them to use business banking operations seamlessly on the cloud. One of these business banking activities is the review of wire transfers that the system generates within Wire Manager or that it imports in Wire Manager. After you sign in to Abiliti, you can review wire transfers by using the Review Wire Manager functionality on the Select Wire Transfer Criteria page.
Refer to Payments & transfers - Wire Transfers for details about Review Wire Manager functionality.
Access Manager
Access Manager is the standard entry point for financial institution administrators that use Wire Manager to execute a number of banking activities. One of these banking activities is the review of wire transfers that the system generates within Wire Manager or that it imports in Wire Manager. After a financial institution administrator signs in to Access Manager and opens Wire Manager, they complete the review of wire transfers using the Review Wire Transfer functionality to access the Review Wire Transfers list. After the system displays the Review Wire Transfers list, the administrator can approve or disapprove wire transfers by selecting the appropriate value from the Status drop-down list. Alternatively, the administrator can approve or disapprove the transfers that display on the Review Wire Transfers list by selecting the Approve All hyperlink or the Disapprove All hyperlink. Refer to the Reviewing Wire Transfers procedure for guidance to execute a wire transfer review when you use the Review Wire Transfer functionality in Access Manager.
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Review Wire Transfers
The Review Wire Transfers lists displays a number of fields that communicate information about the wire transfers that require review or offers an action that you can execute to approve or disapprove wire transfers.
Approve All (hyperlink)
Click the Approve All hyperlink to approve all of the wire transfers that the system displays in the Review Wire Transfers list. After you select Save, the system displays all of the wire transfers in the Review Wire Transfers list with a status of Approved, and it continues to process the remaining wire transfers.
Disapprove All (hyperlink)
Click the Disapprove All hyperlink to disapprove all of the wire transfers that the system displays in the Review Wire Transfer list. After you select Save, the system displays all of the wire transfers in the Review Wire Transfers list with a status of Disapproved and does not process the remaining wire transfers.
Status
Indicates the wire transfer status. The following table lists the values.
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Outstanding |
indicates that the wire transfer is pending approval or disapproval (Default) |
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Approve |
indicates that the system approves the wire transfer for processing |
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Disapprove |
indicates that the system stops the wire transfer from further processing |
Client
Name of the wire transfer client
Description
Name of the wire transfer
Effective Date
Date that the system processes the wire transfer
Reviewer
Names of the approvers that complete review of the wire transfer
Details
The approver that the wire transfer is pending review for, the approver that issued the wire transfer, and the wire transfer dollar amount.
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Multiple Approvals
Multiple Approvals is an optional client review functionality that extends you the ability to include up to nine approvals in the review and approval of a wire transfer. This review option extends a layer of security into the processing of wire transfers when you establish a review requirement that ensures one or more client resources familiar with the wire transfer review it before it completes processing. Refer to the Reviewing and Approving Wire Transfers that Require Multiple Approvals procedure for guidance to review and approve a wire transfer that requires multiple approvals.
See Also:
Reviewing Wire Manager Transfers
Reviewing and Approving Wire Transfers that Require Multiple Approvals