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pacs 008 ACWP Payment processing Fednow E2E flow
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Video Source: www.youtube.com/watch?v=jQubHCOoIxs
This is a End to End Payment Processing flow normally happens in the Payments Industry. • A online payment request is submitted by a customer in US region to process as an Instant Payment, so the FedNow service is used for clearing and settlement. • The Fed guides the recipient bank to respond within 5 seconds maximum. So they want to be sure of this submitted payment request pacs.008, in case they are not sure to accept this payment, they will send pacs.002 - ACWP (Accepted Without Posting) to delay the customer posting whereas they would continue to do further investigation and send back the final response. • #paymentindustry #fednow #instantpayments #iso20022 #payments #paymentsdomain #payment_processed #onlinepayment
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