ACH and RTP are separate payment methods with the The Clearing House (TCH). You can choose to enable one or both with TabaPay for your use cases.

ACH vs RTP

Function	ACH	RTP
Availability	Monday – Friday, excluding Federal Reserve holidays. File based -> Same day: 7:00 AM PT; Next day: 5:30 PM PT API -> Same day and Next day: 12:00 PM PT (Same window)	24/7/365
Settlement Time	Same Day & Next Day	Instant
Payment Flow	Credit / push & Debit / pull	Credit / push, Receive & Request for Payment RfP
Transfer Limit	$1M USD Same Day $1M USD processes Next Day by default	$10MM USD
Network	Automated Clearing House (ACH) via The Clearing House (TCH)	Real Time Payments (RTP) via The Clearing House (TCH)
Participation	All U.S. bank and credit union accounts	Any federally insured U.S. depository institution can be an RTP network participant.

Configurable fields in an ACH Bank Statement

Bank Statement Field	TabaPay default	Override
Company Name	Merchant Name Configured during on-boarding	Soft Descriptor Name

For an example, refer to RTP Bank Statement.

Bank Statement Field	TabaPay default	Configurable?	Override
Reference Number	referenceID	No	N/A
Date	Date of RTP Request	No	N/A
Name of Sender	Merchant Name Configured during on-boarding	Yes	Soft Descriptor Name
Name of Ultimate Sender	N/A	Yes	Corresponding Name
Amount	amount	N	N/A

If you are sending a Request for Return of Funds, use any of the following codes in the reasonCode JSON field:

AC03 - Invalid Creditor Account Number. The original transaction was a mistake or erroneous.
AM09 - Wrong Amount. The original credit transfer transaction was the wrong amount.
CUST - Requested By Customer
DUPL - Duplicate Payment
FRAD - Fraudulent Origin. Debtor claims payment was unauthorized or fraudulently induced.
FRTR - Final Response (repeat attempt prior to non-response)
TECH - Technical Problem. An erroneous transaction was sent due to a technical mistake
UPAY - Undue Payment (Payment has been made through another channel)

If you are responding to a Request for Return of Funds, use any of the following codes in the reasonCode JSON field:

ACTC - Accepted. The Request for Return of Funds has been accepted.
AC04 - Closed Account. The account number specified has been closed on the receiver's books.
AM04 - Insufficient Funds. The amount of funds available to cover specified requested reversal amount is insufficient.
ARDT - Already Returned
CUST - Customer Decision.
LEGL - Legal Decision. Reported when request for reversal cannot be accepted due to legal reasons
NOAS - No Answer From Customer.
NOOR - No Original Transaction Received. Original transaction that is requested to be reversed, was never received.