Once confirmed, the payments would proceed to the automated processing phase with several different payment statuses before reaching the final status - processed.
A payment can have the following statuses:
INSERTED
The payment draft is created.
ERROR
The payment failed.
For the outgoing payments: • The payment details are incorrect. • There are issues with the currency exchange process. • There were issues with the payment settlement process.
For the incoming payments: • The payment details are incorrect.
WAITING_FOR_FX_QUOTE
The status of the outgoing FX payments. The payment is waiting for the currency exchange quote.
WAITING_FOR_APPROVAL
The payment is waiting for approval (4 eye process).
PENDING
The payment is manually or automatically approved; waiting for confirmation.
WAITING_FOR_CONFIRMATION
The status of the outgoing FX payments. The payment is ready for the confirmation, as the FX quote was received from the provider.
WAITING_FOR_AML
The payment is waiting for the AML detection.
AML_REVIEW
The payment is under the AML review.
AML_APPROVED
The AML review process approved the payment.
AML_DECLINED
The AML review process declined the payment as suspicious.
WAITING_FOR_SETTLEMENT
The status of the multi-currency payments. The payment is waiting for the settlement process.
WAITING_FOR_TRANSACTION
The payment is waiting to be delivered to the beneficiary.
PROCESSED
The payment is delivered to the beneficiary account.
WAITING_FOR_RETURN_APPROVAL
The status of the incoming payments. The payment is waiting for the approval to be returned to the sender.
RETURNED
The payment is returned to the sender.
CANCELLED
The payment is cancelled.
The following diagram shows the status flow of incoming payments:
The following diagram shows the status flow of outgoing payments:
The following diagram shows the status flow of outgoing FX payments:
