Agreements SEC Codes Settlement 
Finovate
MARCH 8, 2024
Under the agreement, Sila will leverage Trice’s built-in safeguards for instant payments. Founded in 2022, Trice offers the ability to eliminate ACH return codes R1 and R5. By eliminating these return codes, Trice will help Sila lower costs, reduce losses, decrease fines, and ultimately improve the customer experience.
Payment Savvy
FEBRUARY 23, 2023
clearing, delivery, settlement). 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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