In general, no.

Returned PAYMENT is an absolute No No for all issuers but with AMEX in particular. The system would promptly flag you and then all sorts of crazy things followed, even it is just a plain mistake by carelessness of the cardholder - like not to remove a no longer good payment bank info from the payment options. Such mistake is almost unforgivable in my opinion. One should immediately remove a canceled / closed bank account from all its linked payees so to avoid stupid mistake like this,