Original publication date: November 24, 2020
Question:
What does the status flow look like for a RTP credit push? Is the payment finalized when a response is returned to the payment request, or is there a pending/processing status and then a few seconds later it updates to completed/failed?
Answer:
A finalized credit transfer will have a status of Completed and Result.Code of OK. This means that the money was transmitted from the sender to recipient.
In the rare instance a receiving FI requires more time to post the transaction, the status will be Completed and Result.Code of ACWP (Actual Cost of Work Performed).
The Receiving FI has until midnight the following business day to apply or return the funds. The Result.Code will be updated when a final response is received from the Receiving FI.