Payment Savvy

FEBRUARY 23, 2023

Some of the most common ACH return codes are caused by incorrectly entered information or insufficient funds available, while others can be more complicated and include issues with authorization and more. What Are ACH returns? An ACH return means that the ACH failed to charge money from a customer’s account.

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EBizCharge

SEPTEMBER 18, 2024

RCK (Re-presented Check Entry): When a paper check is returned due to insufficient funds, the RCK code allows the check amount to be re-submitted electronically for payment. Here are the other ACH payment codes to know: ARC (Accounts Receivable Entry): ARC entries occur when a check mailed to the originator is converted into an ACH debit.

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Payment Savvy

NOVEMBER 10, 2022

There’s the ODFI, which stands for Originating Depository Financial Institution, and there’s the RDFI, which stands for Receiving Depository Financial Institution. IAT – International ACH Transaction Entry. All this is happening at the point of purchase and the check is returned to the customer. .

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