Increase

At Increase, the engineers who built our products are the same ones who operate, support, and fix them when something breaks. This isn't a resourcing decision. It's a philosophy increase.com/articles/suppor…

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Typically, bank accounts have a single account number. This one-to-one mapping means reconciliation often needs to be done manually, as all activity is tied to the same identifier. With Increase, you can instantly create multiple account numbers for a single account and manage them programmatically. This unlocks many interesting use cases and allows you to create and manage your own ledger or use Increase as your system of record. Learn more: increase.com/documentation/a…

When building support for remote deposit capture (RDC), be aware of potential failures related to parsing the Magnetic Ink Character Recognition (MICR) strip of a check. In 2015, an extra digit (the number 6) was introduced to the MICR code to identify remotely created checks[0].

If you’re operating an ACH integration, you’ll sometimes receive return requests beyond the allowed window. NACHA rules for late return requests require that you provide the receiving institution with evidence that the debit was authorized by the account holder. At scale, this process can be manual and toilsome. Luckily, we’ve built an API for responding to these requests that can automate this workflow. Learn more at: increase.com/documentation/a…

Managing ACH returns can be challenging when operating an ACH integration. When a bank cannot process a transfer, it sends a return with a specific Return Reason Code indicating the issue. There are over 80 codes, specifying issues from a closed account (R02) to a deceased account holder (R15). Understanding the return reason and reconciling returned transactions with the originating ones can be difficult. With Increase, returns are automatically correlated with the originating transfer. You can view all return details, including the Return Reason Code and associated transfers, in one place, making it easy to quickly understand and respond to returns. Read more at: increase.com/documentation/a…

We’ve rolled out new transaction category filters. You can now filter your transactions for: • Returned transfers • Declined transfers • Stopped checks • Card declines • Card refunds • Interest payments • Fee payments • and much more…

You can now build and monitor programmatic controls for your compliance program. These automated checks ensure you stay compliant as you grow. Track the status of your controls directly from the Dashboard.

You can now configure single sign-on for the Dashboard and easily manage your team’s access. Contact us if you’d like to set it up!