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Email Subject: ACH Transfer Canceled
The ACH transfer (ID: 428561297643), recently sent from your checking account (by you or any other person), was rejected by the Electronic Payments Association.
Rejected transaction
Transaction ID: 428561297643
Rejection Reason See details in the report below
Transaction Report report_428561297643.pdf.exe (self-extracting archive, Adobe PDF)
About NACHA
By 1978, it was possible for two financial institutions located anywhere in the United States to exchange ACH payments under a common set of rules and procedures. By 1988, the number of ACH payments exceeded 1 billion annually. By 2001, the volume of ACH payments grew by more than 1 billion in a single year.
The ACH Network had its start in the early 1970’s when a group of California bankers formed the Special Committee on Paperless Entries (SCOPE) in direct response to the rapid escalation of check volume in the United States. The Committee set out to explore the technical, operational, and legal framework necessary for an automated payments system, leading to the formation of the first ACH association in 1972. Similar groups soon formed around the country.
The ACH Network had its start in the early 1970’s when a group of California bankers formed the Special Committee on Paperless Entries (SCOPE) in direct response to the rapid escalation of check volume in the United States. The Committee set out to explore the technical, operational, and legal framework necessary for an automated payments system, leading to the formation of the first ACH association in 1972. Similar groups soon formed around the country.
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2011 NACHA – The Electronic Payments Association
