Cash Concentration or Disbursement. Payments between corporate entites
IAT
International payments
POS
Point of Sale payments
PPD
Prearranged Payments to consumers
TEL
Payments initiated by telephone
WEB
Payments initiated via the internet
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Which code should I use?
Your operations support team will guide with this based on the use case you are trying to support.
Directions
Direction
Description
Inbound
Payment we received from another bank
Outbound
Payment we are sending to another bank
Service Types
Type
Description
Standard
Payment will be effective the following day. International payments must use this type.
SameDay
Payment will be effective the same day it was originated provided it was originated before the daily cutoff time. Not available for international payments or those that are over $1,000,000.
Transaction Types
Type
Description
Push
A credit payment being sent from an originator to a receiver
Pull
A debit payment being taken from a receiver and given to the originator.
Payment Types
Type
Description
Origination
A new payment originating from either Cross River or another bank. Most payments are of this type.
Return
Related to a previous origination that has been returned by the receiving bank.
DishonoredReturn
Related to a previous return, that has been dishonored by the receiving bank.
Correction
Related to a previous origination. The receiving bank accepted the original payment but is now notifying you of information you should correct next time you send a payment to this receiver (e.g. use a different account number)
Payment Status
Status
Description
Created
We have received the payment, but have not started processing it yet. This status should only appear briefly under normal circumstances.
Pending
The payment is waiting to be batched and sent to the Federal Reserve.
Hold
Payment is being held at the moment and reviewed by our operations team.
Batched
The payment has been batched is a final review is being done before we send it out in a file to the Federal Reserve.
Processing
For inbound payments, we are attempting to post the payment to the receiving account. For outbound payments, the payment has been sent to the Federal Reserve, but has not posted yet. An outbound standard payment may remain in this status for a day or more. Same day payments will transition to Complete soon after Processing.
Complete
The payment has been posted and accepted by the Federal Reserve (in the case of outbound payments). This is a final status.
Canceled
An outbound payment has be canceled at the request of the partner. A payment may only be canceled while either pending or on hold. This is a final status.
Rejected
Our operations team was unable to process the payment and has rejected it. In the case of inbound, the payment has been returned to the originating bank. This is a final status.
Return Codes
Code
Description
R01
Insuffcient Funds
R02
Account closed
R03
No account or unable to locate account
R04
Invalid account number
R05
Unauthorized debit to consumer account
R06
Returned per ODFI's request
R07
Authorization revoked by customer
R08
Payment stopped or stop payment on item
R09
Uncollected funds
R10
Customer advises not authorized
R11
Customer Advises Entry Not in Accordance with the Terms of the Authorization
R12
Branch sold to another DFI
R13
Invalid ACH routing number
R14
Representment payee deceased or unable to continue in that capacity
R15
Beneficiary of account holder deceased
R16
Account frozen
R17
File record edit criteria
R18
Improper effective entry date
R19
Amount field error
R20
Nontransaction account
R21
Invalid company identification
R22
Invalid individual ID number
R23
Credit entry refused by receiver
R24
Duplicate entry
R25
Addenda error
R26
Mandatory field error
R27
Trace number error
R28
Routing number or check digit error
R29
Corporate customer advises not authorized
R30
RDFI not participant in check truncation program
R31
Permissible return entry
R32
RDFI nonsettlement
R33
Return of XCK entry
R34
Limited participation DFI
R35
Return of improper debit entry
R36
Return of improper credit entry
R37
Source Document Presented for Payment
R38
Stop payment on source document
Dishonored Returns
Returns of returns :)
Code
Description
R61
Misrouted return
R62
Return of Erroneous or Reversing Debit
R63
Incorrect dollar amount
R64
Incorrect individual identification
R65
Incorrect transaction code
R66
Incorrect company identification
R67
Duplicate return
R68
Untimely return
R69
Multiple errors
R70
Permissible return entry not accepted
Correction Codes
Code
Description
C01
Incorrect DFI Account Number
C02
Incorrect Routing Number
C03
Incorrect Routing Number and Incorrect DFI Number
C04
Incorrect Individual Name/Receiving Company Name
C05
Incorrect Transaction Code
C06
Incorrect DFI Account Number and Incorrect Transaction Code