1. ACH Credit Transfer User Guide
  2. ACH Credit Receipts - Reversal Processing
  3. Upload of Pacs.007 Message
  4. Reversal Processing

Reversal Processing

If the Original transaction is in 'In Progress', 'Exception' or 'Future Valued' status, the cancellation of the original transaction is initiated once the matching and business override validations of reversal transaction are completed.

If the original transaction is already in processed status, the reversal transaction is moved to ACH Reversal Response Queue to initiate Accept/Return actions.

The following processing steps are applicable, when pacs.007 message is received for a settled ACH Credit Receipt:
  • Matching with the original transaction
  • Secondary fields Matching
  • Reversal Days/Reason Code validation
  • Sanctions screening
  • Moving to Reversal Response Queue
On acceptance of the Reversal
  • Sanctions screening based on Retry days
  • FX rate fetch
  • ECA Check
  • Reversal Accounting
  • Notification/IR XML generation
    • On return of the Reversal
  • Sanctions screening based on retry days
  • Return pacs.004 generation
  • Notification/IR XML generation

Parent topic: Upload of Pacs.007 Message