Paid

A dispute is paid when the accountholder's claim is found to be valid.  In many cases, claims and disputes are automatically paid by QFD.  A claim or dispute can be resolved as 'Paid' via the following methods:

• A user determines that the claim or dispute is valid and decides to issue a final credit  (Manual)
• The claim meets the requirements defined for AutoPay  (Automatic)
• A dispute is fully recovered  (Automatic)
• No final decision has been made and an applicable regulatory resolution date is reached  (Automatic)

When a pay decision is made, by a user or the system, a Paid letter is generated and any accounting adjustments are executed by QFD.

References