---
title: "Outgoing Faster Payment - PACS 004 - Payment Return"
slug: "outgoing-faster-payment-pacs-004-payment-return"
updated: 2026-07-22T16:46:36Z
published: 2026-07-22T16:46:36Z
canonical: "docs.corporatecu.com/outgoing-faster-payment-pacs-004-payment-return"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://docs.corporatecu.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Outgoing Faster Payment - PACS 004 - Payment Return

PACS 004 Payment Returns provide the credit union with the ability to return payments for a variety of reasons.

In the system, there are multiple ways to create a PACS 004 Payment Return:

- When creating a new PACS 004 payment, the “Find Payment” function can be used to find and populate the return wire.
- When creating a new PACS 004 payment, the return details can be manually entered.
- When reviewing the Incoming Faster Payment, a “Create Return” button can be clicked.
- If a CAMT 056 Return Request was received, the return can be initiated using the Respond button on the CAMT 056 payment detail.

The steps below describe returning a wire from the Create Faster Payment screens.

All optional steps are marked ***Optional*** at the beginning of the step.

#### **Section 1 - Wire Detail**

1. Navigate to **Money Movement**
2. Click the **Faster Payments** tab
3. Select **Outgoing Faster Payment**
4. Click **Create New Payment**
5. Enter the **Bank Identification** number for the Instructed Agent (typically a routing number)
6. If a **Pre-Authorized Template** will be used, select from dropdown
7. Select **Business Function Code PACS 004**
  1. To auto-fill information, select the **Find Payment** button to auto-fill the Original Transaction fields
    1. **Find Payment** tab defaults to **Incoming**
    2. Provide filtering information in the column headers to narrow results
    3. Click the **radio button** of the wire to return
    4. Click **Apply Selected**
8. Select **Type Code**
  1. Will auto-fill as FDNA - Fednow
9. Provide the **Amount** - *amount the Originator/Debtor has instructed to be sent*
10. Click **Next Step**

#### **Section 2 - Debtor**

1. Select **Originator/Debtor** type:
  1. **Organization**
    1. If provided, include Business Identification Code (BIC) - may use the **BIC Search** button to auto-fill information
    2. **Name -** complete if BIC information is not utilized
      1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the **Add Identification** checkbox
      2. If provided and/or required by the wire instructions, optional address information may be provided by clicking the **Add Address** checkbox
  2. **Person**
    1. **Name** - complete
      1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the **Add Identification** checkbox
      2. If provided and/or required by the wire instructions, optional address information may be provided by clicking the **Add Address** checkbox
2. Provide **Account Information**
  1. **Account** **Identification**
    1. May be an account number or other form of identification
  2. **Account Identification Type** *(optional)*
    1. In most cases may be BBAN - BBAN Identifier
    2. Other options:
      1. AIIN - Issuer Identification Number
      2. IBAN1 - International Bank Account Number
      3. CUID - CHIPS Universal Identifier
      4. UPIC - UPCI Identifier
      5. Account Identification Type Proprietary - enter custom type
    3. ***Optional*** - If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the **Add Additional Information** checkbox
3. ***Optional -*** Provide **Initiating Party** information

*Used only when different from Debtor; party that initiates the payment the credit transfer on behalf of the debtor*
  1. Click the blue dropdown arrow to select, and then provide information
    1. Provide Name, Address, and additional Identification, as noted by wire instructions
4. ***Optional*** - Provide **Ultimate Debtor** information

*Ultimate party that owes an amount of money to the (ultimate) creditor*
  1. Click the blue dropdown arrow to select, and then provide information
    1. Provide Name, Address, and additional Identification, as noted by wire instructions
5. Click **Next Step**

#### **Section 3 - Final Credit**

1. **Receiving ABA/Instructed Agent**

*Confirm this number is correct before proceeding. This will be the routing number for the FI receiving the payment.*
2. **Creditor Agent**
  1. If the same as Receiving ABA, select the **Same as Instructed Agent** radio button
    1. If selected, information will auto-fill
  2. **Identification**
    1. If provided, include **Bank Identification Code (BIC**) - may use the **BIC Search** button to auto-fill information
    2. **Legal Entity Identification *(optional) -*** may include if provided by payment instructions, legal entity identifier of the financial institution
      1. If provided and/or required by the payment instructions, optional address information may be provided by clicking the **Add Address** checkbox
3. **Creditor**
  1. Select **Beneficiary/Creditor** type:
    1. **Organization**
      1. If provided, include Business Identification Code (BIC) - may use the **BIC Search** button to auto-fill information
      2. **Name -** complete if BIC information is not utilized
        1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the **Add Identification** checkbox
        2. If provided and/or required by the wire instructions, optional address information may be provided by clicking the **Add Address** checkbox
      3. **Person**

Provide **Account Information**
        1. **Name** - complete
          1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the **Add Identification** checkbox
          2. If provided and/or required by the wire instructions, optional address information may be provided by clicking the **Add Address** checkbox
        1. **Account** **Identification**
          1. May be an account number or other form of identification
        2. **Account Identification Type** *(optional)*
          1. In most cases may be BBAN - BBAN Identifier
          2. Other options:
            1. AIIN - Issuer Identification Number
            2. IBAN1 - International Bank Account Number
            3. CUID - CHIPS Universal Identifier
            4. UPIC - UPCI Identifier
            5. Account Identification Type Proprietary - enter custom type
          3. ***Optional*** - If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the **Add Additional Information** checkbox
4. ***Optional*** **- Ultimate Creditor**

*The ultimate party to which an amount of money is due*
  1. Click the **blue dropdown** arrow
    1. Select **Ultimate Creditor** type:
      1. **Organization**
        1. If provided, include Business Identification Code (BIC) - may use the **BIC Search** button to auto-fill information
        2. **Name -** complete if BIC information is not utilized
          1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the **Add Identification** checkbox
          2. If provided and/or required by the wire instructions, optional address information may be provided by clicking the **Add Address** checkbox
      2. **Person**
        1. **Name** - complete
          1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the **Add Identification** checkbox
          2. If provided and/or required by the wire instructions, optional address information may be provided by clicking the **Add Address** checkbox
5. Click **Next Step**

#### **Section 4 - References**

1. ***Optional*** - Provide **Creditor Reference**
  1. ***Optional*** - Select Purpose for Wire, or create custom Purpose for Wire Proprietary

#### **Section 5 - Review**

Once all sections have been completed, the User will review all payment detail. If any errors are detected at this time, the User may update the information from this screen or go back and navigate through all screens to make the correction(s).

After wire entry has been reviewed, click **Create**.

A second User will need to verify the payment return.