6 Generic Wires ISO Outbound Return/Reject (pacs.004/pacs.002)

Explains how pacs.008 and pacs.009 messages are returned or rejected through pacs.004 and pacs.002 messages.

This topic contains the following sub-topics:

• Outbound Return/Reject
  This topic explains the initiation of an outbound return or reject transaction, in which a previously received payment transaction is returned or rejected by the receiving institution and sent back to the originating financial institution.
• Outbound Return/Reject Processing
  This topic describes the processing of outbound return or reject transactions, in which a payment transaction sent to a receiving institution is subsequently returned or rejected and routed back to the originating financial institution.