IPPay^® Electronic Check NSF transactions

Notifications of NSF for Electronic Check are transmitted via email and fax. Use the data received to enter NSF transactions into BillMax. Notifications will show transactions that were funded and then found to be NSF, and transactions that were found to be NSF before funding. The distinction is important in step 3.

1. Identify the Account and amount/transaction from the NSF data.
2. Create Payment Reversals for each chargeback. See Book a Payment Reversal.
3. Using data from a bank statement, create a Bank Deposit using Payment Reversals of which the sum equals that listed on the Bank Statement. The date of the Bank Deposit should be that listed on the bank statement. Use only NSF transactions that were funded. Unfunded NSF transactions will be included in a Bank Deposit with the original payment transactions.