Q. What is the difference between Stop Payments for Batch clients and Stop Payments for Real-Time (Online) clients?
When an end user an employee of the customer a bank's customer, a thrift's customer, or a credit union's member. that is given access to application by the company administrator the customer, or a person assigned by the customer, who will have administration responsibilities in the Commercial Customer Platform of the application. or a user administrator. submits a stop payment at a financial institution a bank, thrift, or credit union that has online processing, the stop payment is processed immediately through the DATA PROCESSING VENDOR. If the financial institution has batch or hybrid processing, the stop payment request is in the form of an email sent to the financial institution. The financial institution then manually processes the stop payment.
Q. Do all Online Data Processing Vendors (DATA PROCESSING VENDORs) support online Stop Pays?
No, the functionality is DATA PROCESSING VENDOR dependent.