Stop Payment
- Devan Robertson
- Kristafanie Somers
Owned by Devan Robertson
The Stop Payment feature enables issuers to process stop payment requests for preauthorized electronic funds transfers, such as automatic bill payments and installment payments, preventing future, unauthorized charges. The type and availability of requests will depend on the multiple factors, such as the association or acquirer network.
The stop payment flow evaluates the claim to determine if a stop payment should be executed. The Stop Payment Pre-Conditions are evaluated to determine which of the following actions are taken.Action DescriptionACH Executes the ACH Stop Payments flow. MANUAL Generates a Execute Stop Payment assignment that prompts a user to execute a stop payment order in an external system. AUTO Executes the Automatic Stop Payment flow. SKIP The flow is skipped.