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Automated Standard Application for Payments (ASAP)


Background


What Is ASAP.gov?

The Automated Standard Application for Payments allows organizations receiving federal funds to draw monies securely from pre-authorized accounts established by the agency issuing the payment. Our three payment programs are:

  1. The Grant Payment Program conveniently and securely disburses payments to grantees.
  2. The Letter of Credit Payment Program securely and effortlessly reimburses financial agents for services they performed for federal agencies.
  3. The Debit Card Payment Program helps federal agencies quickly and securely fund their reloadable debit cards.

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How Does ASAP.gov Work?

Both federal agencies issuing payments and recipients requesting payments must enroll in ASAP.gov. All recipient organization enrollment activity, payment requests and federal agency payment activity occur online. Recipients can view account balances and history, the status of payment requests, and access their funds securely and efficiently online.

Recipients choose to settle their payments through either Automated Clearing House (ACH) or Federal Reserve Bank’s wire transfer system (Fedwire).

Federal agencies can put maximum withdrawal limits and payment review limitations on recipient organizations’ accounts. These features ensure that recipients cannot overdraw on their accounts and provides federal agencies controls to regulate how recipients withdraw funds from ASAP.gov


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A Closer Look

Federal agencies create ASAP accounts for recipient organizations via on-line or batch processes. After creating an ASAP account, the federal agency can enter authorizations to increase or decrease the available balance of its ASAP accounts.

Both on-line and batch-processed authorizations can be effective that day, or up to a year in advance thereby warehousing the authorization until its effective date.

Recipient Organizations use ASAP.gov to create electronic payment requests. Recipient Organizations are able to initiate same day FedWire payment requests and receive the payment within minutes between 8:00 a.m. and 5:45 p.m. Eastern. Recipient organizations are able to initiate payment requests for an ACH payment between 8:00 a.m. and 11:59 p.m. Eastern.

Depending on the amount of funds available, payment requests are either approved or rejected automatically. Optionally, ASAP allows federal agencies to intervene, review payment requests and approve or reject these payment requests.

ASAP also provides Recipient Organizations with a book entry feature to make adjustments between accounts without having to initiate another payment request. Recipient Organizations are also able to electronically return funds to an ASAP account.

Federal agencies and recipient organizations can view relevant data online, such as up-to-the-minute account balances, account history, and the status of payment requests affecting their ASAP accounts. Federal agencies can also receive daily reports relating to their payment activity.


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