This topic explains the details of inbound return processing. Return processing creates a return transaction with a system-generated Return Reference, and the return transaction status tracks the return processing.

The following processing steps are applicable for the return transaction processing of an outbound transaction:

• Transaction Upload and Matching
  Transaction Upload and Matching is the process of uploading and reconciling payment transactions within the payment system.
• Duplicate Check
  Duplicate Check is a process to detect and prevent duplicate inbound return transactions during the payment processing lifecycle.
• Value Date Resolution
  Value Date Resolution refers to the process of determining and managing the value date of payment transactions.
• Sanctions Check
  Sanctions Check refers to the process of verifying if a payment return complies with international sanctions.
• Exchange Rate or Foreign Exchange Processing
  Exchange Rate or Foreign Exchange Processing refers to the handling of foreign exchange rates and conversions when a payment return involves a cross-border or foreign currency transaction.
• External Customer Account Check
  External Customer Account Check refers to the process of verifying the external customer account involved in the return transaction.
• Return Accounting
  Return Accounting refers to the process of handling the accounting entries when a payment return is received by the bank.
• Transaction Status Update
  This topic explains the details of updating the transaction status.