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Return (ACH)

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Definition Edit

A return (ACH) is

[a]ny ACH entry that has been returned to the ODFI by the RDFI or by the ACH operator because it cannot be processed. The reason for each return is included with the return in the form of a "return reason code."[1]

References Edit

  1. Information Society IT Examination Handbook, Retail Payment Systems, App. B, Glossary.

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