RDFI NOC Processing

When an RDFI receives a transaction from an ODFI, it checks the account details of the incoming transaction against the NOC records in its database. If the transaction has account details that match the original account details, the following occurs:
  1. The account details in the transaction from the ODFI are changed to the new values from the NOC record in the database.
  2. The RDFI creates a NOC transaction to be sent to the ODFI. This allows the ODFI to correct the account details and prevent future use of the old account details. The RDFI sends the NOC transactions in a batch with SEC code COR.