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Johny Fernandez: So what does it
mean that merchant R08?

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Sean Murray: If a merchant has
R08, so, this term comes from

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ACH processing, R08 or R08 is a
return code from ACH processing

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that indicates that the merchant
blocked or stopped the payment.

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So if you go to debit a
merchant, and you don't actually

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get the money, you will get a
return code saying here's why

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you didn't get it. It was R08,
the merchant actually told the

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bank to block or stop the
payment to you. And so I think,

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you know, the lingo of the day
is the merchant R08 is because

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they got a return code of R08,
meaning that the merchant

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blocked the payment.