Final Settlement of RCK. The final settlement is the net of the aggregate amount for items paid in a period less the aggregate amount for returned items posted against those items by the end of the final settlement day for that period AND Post‐Settlement Returns (PSRs). PSRs are those items returned by the RDFI after initial clearance of a transaction by the RDFI. All items debited and credited to CUSTOMER will be identified with CUSTOMER’s Statement.
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Samples: Member Application and Service Agreement, Terms and Conditions, www.vericheck.com
Final Settlement of RCK. The final settlement Final Settlement is the net of the aggregate amount for items paid in a period less the aggregate amount for returned items posted against those items by the end of the final settlement day for that period AND Post‐Settlement Returns (PSRsPSR‟s). PSRs PSR‟s are those items returned by the RDFI after initial clearance of a transaction by the RDFI. All items debited and credited to CUSTOMER the Customer will be identified with CUSTOMER’s the Customer‟s Statement.
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