Credit payment recovery
Credit Payment Recovery (CPR) is an industry procedure to bring consistency in the recovery method for Faster Payments (FPS) and settled Bacs payments (the Bacs recall pre-settlement process remains unchanged).
Credit Payment Recovery (CPR) is an industry procedure to bring consistency in the recovery method for Faster Payments (FPS) and settled Bacs payments (the Bacs recall pre-settlement process remains unchanged).
Given the large volumes of payments that flow each day it is natural that errors occur. See below for various scenarios and how you should manage them.