SWIFT ISO 20022 - Message description - Customer Payment Reversal (pain.007.001)
Description
Scope
The CustomerPaymentReversal message is sent by the initiating party to the next party in the payment chain. It is used to reverse a payment previously executed.
Usage
The CustomerPaymentReversal message is exchanged between a non-financial institution customer and an agent to reverse a CustomerDirectDebitInitiation message that has been settled. The result will be a credit on the debtor account.
The CustomerPaymentReversal message refers to the original CustomerDirectDebitInitiation message by means of references only or by means of references and a set of elements from the original instruction.
The CustomerPaymentReversal message can be used in domestic and cross-border scenarios.
XML tag
CstmrPmtRvsl