Can Token.io cancel a "Pending/Processing" transaction?

No. Token does not receive funds at any point in the payment journey, thus, we do not have a way to change the statuses of payments on our end.

With regard to cancellation, this can be done by the user by not completing the payment journey, or possibly at the bank's end by refusing the transaction. However, due to the near instant nature of Account2Account payments, it is very difficult to cancel such transactions.

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