Recovery Cycle

Description

A number that identifies each recovery attempt in a series of attempts.The following are applicable recovery actions and their associated cycles.

Merchant Collaboration (Verifi, Ethoca)

Chargeback

ACH Return

Check Return

Wire Return

Pre-Arbitration

Inbound Pre-Arbitration

Arbitration

Note: Proprietary ATM recovery options can be executed sequentially, in any order, and may fall into any cycle, based on the order executed.

References

QFD Knowledgebase