Which of the following is an invalid reason for the return of a Point-of-Purchase Entry?

Which of the following is an invalid reason for the return of a Point-of-Purchase Entry?

• A. Duplicate Entry
• B. Incorrect Amount
• C. Authorization Revoked
• D. Consumer Dispute

Answer: (C)

A Point-of-Purchase (POP) Entry is a type of electronic funds transfer that enables customers to authorize a debit to their account at the point of sale. While there are valid reasons for returning these types of entries, the incorrect option focuses on a specific situation regarding authorization. When a consumer revokes authorization for a transaction, it is considered a valid reason for returning a transaction. This is particularly relevant in the context of ACH transactions, where an authorized transaction can later be disputed by the consumer, leading to a return. In contrast, other listed reasons, such as duplicate entries, incorrect amounts, and consumer disputes, all highlight specific flaws or grievances that can validly prompt a return. Understanding the difference between valid return reasons is crucial for professionals in the ACH transaction space, as it affects how transactions are processed and disputes are resolved. Thus, knowing that "Authorization Revoked" does not qualify as an invalid reason is important for effectively managing POP Entries.

A Point-of-Purchase (POP) Entry is a type of electronic funds transfer that enables customers to authorize a debit to their account at the point of sale. While there are valid reasons for returning these types of entries, the incorrect option focuses on a specific situation regarding authorization.

When a consumer revokes authorization for a transaction, it is considered a valid reason for returning a transaction. This is particularly relevant in the context of ACH transactions, where an authorized transaction can later be disputed by the consumer, leading to a return. In contrast, other listed reasons, such as duplicate entries, incorrect amounts, and consumer disputes, all highlight specific flaws or grievances that can validly prompt a return.

Understanding the difference between valid return reasons is crucial for professionals in the ACH transaction space, as it affects how transactions are processed and disputes are resolved. Thus, knowing that "Authorization Revoked" does not qualify as an invalid reason is important for effectively managing POP Entries.