In today’s rapidly changing digital economy, keeping pace with your competition requires more efficient ways to process payments and manage your cash flow. As the leading bank for business*, Comerica can help your business focus on increasing automation and eliminating paper or manual system updates through Electronic Data Interchange (EDI).

With Comerica’s EDI, you’ll be able to automate your payment processes and information management, resulting in more efficient cash flow, reconcilement and invoicing. We can help you design and implement a streamlined electronic solution that will speed up your payment process while reducing costs and increasing security.

Standardized, Streamlined Transactions

EDI allows for the mutual exchange of payment instructions, remittance data, or transaction reporting between company departments, their trading partners or financial institution, in a standardized format.

Information may be communicated and payments initiated automatically, via direct transmission. Using American National Standards Institute (ANSI X12 standards), UN Edifact standards or custom formats, data can be efficiently shared. Comerica’s EDI translation services provide the “bridge” between the national standards and internal or proprietary formats.

Customized Solutions

Our business experts can help you implement solutions for:

EDI Receipt

For transactions received through the bank’s Automated Clearing House (ACH), Lockbox and/or Wire services, payment-related remittance data can be reported using Comerica’s EDI Receipt service. Receipt information is communicated to you via one of our predefined electronic transmission formats. A human-readable format is available electronically via Comerica Treasury Information ReportingTM or Comerica Treasury File Reporting®. A hardcopy advice is available via facsimile transmission or U.S. mail.

EDI Translation

With Comerica’s EDI Translation service, we can translate data between your company’s format and industry standard formats. Contact us for more details (consulting) on format options.

EDI Origination

Comerica can accept files of Automated Clearing House (ACH) transactions with or without payment related remittance data. Information-only files can also be processed.

Comerica supports any ASC X12 version processes up through the ANSI 7030 version, including the following transaction sets:

  • 820 — Payment Order/Remittance Advice
  • 821 — Financial Information Reporting, Daily Paid Items
  • 822 — Customer Account Analysis
  • 823 — Lockbox
  • 824 — Application Advice
  • 827 — Financial Return Notice
  • 828 — Issue Files, Stop Payment Orders
  • 829 — Payment Cancellation Request
  • 831 — Application Control Totals
  • 835 — Health Care Claim Payment/Advice
  • 997 — Functional Acknowledgment

Moving at the Speed of Business

With Comerica EDI, you have a streamlined electronic solution that eliminates manual intervention and results in faster cash receipts with fewer errors and adjustments.

Get started today and put your business in the fast lane. To learn more, please contact your Comerica Treasury Management representative, or call Treasury Management Sales at 888.341.6490.