MAKING PAYMENTS ON LOANS
Customer-Initiated-Payments-Online-System
Utilities
Programs Borrowers have a new online system to use
for making Customer Initiated Payments (CIP) as of
October 2007.
Borrowers
that used the old CIP system through Mellon Bank should
go to https://rdupcip.sc.egov.usda.gov
and login using a Level 2 USDA eAuthentication ID.
Borrowers
that did not use the old CIP system should complete
Form RD 1951-65 and fax it to the Cash Management
Branch at (314) 457-4370 to sign-up for the new online
CIP system.
The
majority of Utilities Programs Borrowers have at least
one staff member who has a Level 2 USDA eAuthentication
ID. This is the same ID that Borrowers use to access
the Data Collection System or the Broadband Collection
and Analysis System to file operating reports. To
create additional Level 2 USDA eAuthentication IDs
for other employees of your organization visit http://www.eauth.egov.usda.gov.
Once a Level 2 ID has been created for an employee,
that person will need to be identity-proofed by a
USDA employee serving as a Local Registration Authority.
To find the nearest USDA office where this identity-proofing
can be performed go to http://offices.usda.gov.
Click
on the CIP
Brochure for more information about the new online
system.
Fedwire
and ACH Payments
Utilities
Programs Borrowers that have not enrolled in the online
CIP system can make loan payments via Fedwire or Automated
Clearing House (ACH) Credit.
ACH
Payments: Borrowers making ACH payments should
be certain to follow the appropriate payment format
after checking with their banks. To make an ACH payment
using the Cash Concentration or Disbursement (CCD)
Format follow the ACH
(CCD) Format. To make an ACH payment using the
Corporate Trade Exchange (CTX) follow the ACH
(CTX) Format
Fedwire
Payments: Borrowers making Fedwire payments should
complete the
FedWire Worksheet following the FedWire
Instructions. On the FedWire Worksheet, Section (6), borrowers should make sure that their Borrower Reference No. and Borrower Name are in ORG (5000) Fields 2 & 3.
Updated
10/6/2008
|