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Stop on the TEL WEB Debit Stream

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When a customer writes a check and then wishes to place a stop payment order on it, if the check is erroneously converted to TEL transaction, the ODFI does not know this is an error and processes the transaction. Is a stop payment valid on TEL and WEB transactions that may be erroneous or even fraudulent?

NACHA rules provide for stop payments on WEB and TEL transactions. Because WEB and TEL transaction types don't require the inclusion of a check number, it's possible that the ACH item will not get "caught" by a bank's stop payment filter. If that happens, NACHA rules permit the transaction to be returned after the fact, within 60 days.

First published on 9/6/04

First published on 09/06/2004

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