About Reconciling Aloha Stored Value ACH

Aloha Stored Value partners with Worldpay to provide an automated method to transfer gift card funds between store bank accounts in a timely, automated fashion via an automated clearing house (ACH) network.

The gift card sponsor maintains a central bank account (funds pool), which contains the outstanding liabilities of the Aloha Stored Value gift card program. You transfer funds and the resulting liabilities from the selling location in to the funds pool. The funds pool enables you to transfer the funds (and the resulting liabilities) a selling location receives into a central account on a regular basis; therefore, ensuring that funds are available for immediate transfer to the redeeming location without any risk of non-payment, delay, or other negative event.

When a cardholder redeems a card at a location, funds transfer from the funds pool to the merchant. The pre-funded funds pool reduces your risk of accepting an invalid card and not receiving payment for products or services rendered.

As part of any funds-transferring process you need the ability to reconcile the activity to specific events. There are two areas to reconcile when using Stored Value ACH:

•	Reconcile bank activity to the Stored Value ACH Transaction Status report — You can verify Stored Value-related activity against your bank statements. This enables you to confirm a transmitted ACH transaction was successful.

•	Reconcile ACH transactions to in-store Stored Value activity — You can confirm the ACH transaction file includes all applicable transactions, such as purchases, add values, redemptions, and cash back.