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What Does Return Mobile ACH Payment Mean?

Payment Savvy

If you are using the Automated Clearing House (ACH) method to process customers’ transactions, you are likely to see three-digit codes if a problem arises. Automated Clearing House (ACH) payments are electronic payment processing carried out between two financial institutions (e.g., What Are ACH returns?

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ACH Reversals vs. ACH Returns: What’s the Difference?

EBizCharge

Fortunately, the National Automated Clearing House Association (NACHA) , the governing body over the ACH Network, has processes, procedures, and safeguards to protect consumers and merchants from transaction errors. Once the return has been initiated, the ODFI will receive a return entry from the RDFI. What is an ACH return?

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