Payment Fail Batch Status Report

Summary:

I would like to know if we can review the Payment
Batch File status report in Oracle, for all
of the payments that go out in a particular day, and if that report
provides exact details as to why that payment
got rejected by the ERP system or the bank? 
Often times, I am getting the following message. "Reason is provided as
narrative information in the additional reason information NARR." Not
sure what that means and where I could retrieve the real reason for the
payment failing. 
Please advise on a more efficient way to review and resolve payment