pacs.004 - PaymentReturn
pacs.004 (PaymentReturn) is the ISO 20022 message a bank sends to give back funds it has already received, quoting the original payment it reverses.
pacs.004 - PaymentReturn
pacs.004 (PaymentReturn) is the ISO 20022 message a bank sends to give back funds it has already received, quoting the original payment it reverses.
Interbank (Fedwire)Root element: PmtRtrISO 20022
Overview
pacs.004 (PaymentReturn) is the ISO 20022 message a bank sends to give back funds it has already received, quoting the original payment it reverses.
When it is used
Used when a received payment cannot be applied — closed account, wrong beneficiary, sanctions hit. It actually returns the money, unlike camt.056, which only asks for a payment to be stopped.
Versions & namespaces
| Version | Year | Namespace | Validation |
|---|---|---|---|
| pacs.004.001.10 | 2020 | urn:iso:std:iso:20022:tech:xsd:pacs.004.001.10 | Official XSD |
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