Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do we have any statistics regarding losses incurred by FIs due to unresolved bill payments?

April 26, 2017incurred losses PAYMENTS statistics unresolved

0

Posted

Do we have any statistics regarding losses incurred by FIs due to unresolved bill payments?

1 Answer

0

Posted

Only .003% of transactions are returned, and some of those returns are due to things like incorrect account numbers that aren’t related to fraud. Out of approximately 150,000-200,000 payments processed per day, about 400-500 are returned.