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How to Stay Compliant with NACHA Requirements

EBizCharge

NACHA stipulates specific return reason codes, which financial institutions must use to categorize the nature of the error or return, whether due to insufficient funds, account closure, or incorrect account information. Cash concentration or disbursement (CCD): CCD entries are primarily used for business-to-business (B2B) payments.

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What Does Return Mobile ACH Payment Mean?

Payment Savvy

incorrect digits) 2 banking days Unauthorized debit to consumer account using Corporate SEC code R05 The account number of a customer is a personal bank account, not a corporate one (in cases of B2B payments) 60 calendar days Returned due to ODFI’s request R06 Authorization was failed (e.g.,

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