In the digital age, businesses are increasingly moving away from traditional payment methods such as checks and cash, and adopting electronic payment methods for B2B transactions. Electronic payments offer numerous advantages over traditional payment methods, making them an ideal choice for businesses looking to streamline their payment processes and improve cash flow. What are the benefits of electronic payments for B2B transactions? Faster payment processing Electronic payments are processed much faster than traditional payment methods. With electronic payments, the payment is transferred directly from the payer's bank account to the payee's account, eliminating the need for physical checks or cash. This significantly reduces payment processing time, allowing businesses to receive payments faster and improve cash flow. Increased convenience Electronic payments offer increased convenience for both the payer and the payee. With electronic payments, businesses can make and recei
If your company does any kind of eCheck ACH processing you'll want to get familiar with at least a couple of these return codes from NACHA.
Return Code | Description |
| R01 | Insufficient Funds |
| R02 | Account Closed |
| R03 | No Account/Unable to Locate Account |
| R04 | Invalid Account Number |
| R05 | Unauthorized Debit to Consumer Account |
| R06 | Returned per ODFIs Request |
| R07 | Authorization Revoked by Customer |
| R08 | Payment Stopped or Stop Payment on Item |
| R09 | Uncollected Funds |
| R10 | Customer Advises Not Authorized |
| R11 | Check Truncation Entry Return |
| R12 | Branch sold to another DFI |
| R13 | RDFI not qualified to participate |
| R14 | Representment payee deceased or unable to continuein 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 | Non-Transaction 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 check digit error |
| R29 | Corporate customer advises not authorized |
| R30 | RDFI not participant in check truncation program |
| R31 | Permissible return entry |
| R32 | RDFI non-settlement |
| R33 | Return of XCK entry |
| R34 | Limited participation DFI |
| R35 | Return of improper debit entry |
| R36 | Return of improper credit entry |
| R38 | Stop Payment on Source Document |
| R40 | Return of ENR entry by Federal Government Agency (ENR Only) |
| R41 | Invalid transaction code (ENR Only) |
| R42 | Routing number/check digit error (ENR only) |
| R43 | Invalid DFI account number (ENR only) |
| R44 | Invalid individual ID number (ENR only) |
| R45 | Invalid individual name/company name (ENR only) |
| R46 | Invalid representative payee indicator (ENR only) |
| R47 | Duplicate enrollment |
| R50 | State Law Affecting RCK Acceptance |
| R51 | Item is Ineligible, Notice Not Provided, Signature not genuine |
| R52 | Stop Payment on Item |
| R61 | Misrouted return |
| R62 | Incorrect trace number |
| 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 |
| R71 | Misrouted dishonored return |
| R72 | Untimely dishonored return |
| R73 | Timely original return |
| R74 | Corrected return |
| R80 | Cross-Border Payment Coding Error |
| R81 | Non-Participant in Cross-Border Program |
| R82 | Invalid Foreign Receiving DFI Identification |
| R83 | Foreign Receiving DFI Unable to Settle |
| Change Code | Description |
| C01 | Incorrect DFI Account Number |
| C02 | Incorrect Transit/Routing Number |
| C03 | Incorrect Transit/Routing Number and Incorrect DFI Account Number |
| C04 | Incorrect Individual Name |
| C05 | Incorrect Transaction Code |
| C06 | Incorrect DFI Account Number and Incorrect Transaction Code |
| C07 | Incorrect Transit/Routing Number, Incorrect DFI Account Number, and Incorrect Transaction Code |
| C08 | Reserved |
| C09 | Incorrect Individual Identification Number |
| C10 | Incorrect Company Name |
| C11 | Incorrect Company Identification |
| C12 | Incorrect Company Name and Company Identification |
| C13 | Addenda Format Error |
| C61 | Misrouted Notification of Change |
| C62 | Incorrect Trace Number |
| C63 | Incorrect Company Identification Number |
| C64 | Incorrect Individual Identification Number |
| C65 | Incorrectly Formatted Corrected Data |
| C66 | Incorrect Discretionary Data |
| C67 | Routing Number Not From Original Entry Detail Record |
| C68 | DFI Account Number Not From Original Entry Detail Record |
| C69 | Incorrect Transaction Code |
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