Cancel transaction

When the Transaction Server receives a cancel transaction request, it attempts to reverse the ingestion of the transactions selected by the user, if possible. If a transaction in a transmission is canceled, it means the transaction is no longer considered a part of the transmission.
Note: Cancel transaction requests are not supported by FTM Check. Return Check transactions instead of canceling them.

For transactions that have not yet been assigned to an outbound batch (ICL) that is ready to be or has been transmitted, the following occurs:

  • the transaction is deleted
  • Transaction Server notifies the following that the transaction has been deleted:
    • Settlement
    • Risk Management
    • Vetting
    • Transaction Correction and Reconciliation
    The accumulators and monitors are adjusted to remove the transaction.
For transactions that have been assigned to an outbound batch (ICL) that is ready to be or has been transmitted, the outbound message standard of the transaction is used to determine if the transaction can be canceled. The message standard indicates if cancellation is enabled and defines the cancellation window, which is the period during which an outbound transaction may be canceled or reversed. If cancellation is enabled and the business date of the transaction is within the cancellation window, the following occurs:
  • the transaction is canceled or reversed
  • Distribution sends a cancel or reverse message to the receiving partner for the transaction

Transactions with message standards that do not enable cancellation or transactions that have a business date that is not within the cancellation window are not canceled or reversed.