Q. One of our customers initiated a payment on our
website to pay her bill, but the debit was returned
by her bank (RDFI is a US branch of a non-US bank) with the
R17 return code (Field Edit Error), and “Should be
IAT” in the addenda. What’s that all about and what
should we do now?
A. Click
the play button for a video answer from Cindy Thompson,
Education and Training Director at The Payments
Authority.
Solutions, Services and
Software Our goal is not to endorse any one company, product or
service, but to bring together buyers and sellers by providing a
convenient resource for our members and exposure to solution
providers who can help improve payment processes and reduce
risk and cost.
Make the Move to Electronic Payments There are numerous ways
for companies to eliminate paper checks and manual payment processes and
replace them with efficient, cost effective electronic payments.
Click on the graphics below for details: