A number that identifies each recovery attempt in a series of attempts.The following are applicable recovery actions and their associated cycles.
Cycle 0
Merchant Collaboration (Verifi, Ethoca)
Cycle 1
Chargeback
ACH Return
Check Return
Wire Return
Cycle 2
Pre-Arbitration
Inbound Pre-Arbitration
Cycle 3
Arbitration
Note: Proprietary ATM recovery options can be executed sequentially, in any order, and may fall into any cycle, based on the order executed.
