Transaction Void and Reversal Rules

Below are the rules associated with the transactions reversal:

•     Only transactions with an empty Void Status can be reversed.

•     Transactions printed on a receipt can be reversed.

•     Transactions that have a non-empty Statement Date cannot be reversed.

•     A Transfer-In transaction cannot be reversed if it is applied to at least one Transfer-Out transaction within the same account.

•     If a Transfer-In transaction is reversed, then the corresponding Transfer-Out transaction from a source account will also be reversed.

•     If a Transfer-Out transaction is reversed, then the corresponding Transfer-In transaction from a destination account will also be reversed.

•     When a partially- or fully-applied transaction is reversed, then the Application Void process is initiated:

o  The transaction’s Amount Applied is set to 0 (zero).

o  The transactions Applied check box is unchecked.

o  Any transactions associated with this transaction are set to Void.

o  For each of those transactions, the Amount Applied will be reduced by this transaction’s Amount value, and the transaction’s status will no longer be Applied.

•     Credit Memo or Debit Memo transactions will be created in the original account to balance the reverse. Those transactions will be applied to the original transactions with a Void Status of Reversal.

•     The Void Status of reversed transactions is Voided.

•     The Transfer Transaction ID and Payment Transaction ID information will be recorded in the reversal transaction from the original transactions. This information may be helpful for tracking payment reversals.