Send a FedNow ISO 20022 pacs.008 credit transfer and handle the pacs.002 positive/negative acknowledgment

domain: fednow · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Compose a pacs.008 FIToFICstmrCdtTrf message with correct GrpHdr (MsgId, CreDtTm, NbOfTxs, SttlmInf/CLRG), CdtTrfTxInf (InstrId, EndToEndId, IntrBkSttlmAmt, CdtrAgt/FinInstnId/ClrSysMmbId, Cdtr, CdtrAcct)
  2. Submit the pacs.008 to your FedNow participant gateway (direct or sponsor-bank API) over HTTPS with idempotency header keyed on InstrId
  3. Poll or receive the pacs.002 FIToFIPmtStsRpt; check TxInfAndSts/TxSts: ACSP (accepted, settlement pending), ACSC (accepted, settlement completed), or RJCT (rejected)
  4. On RJCT parse StsRsnInf/Rsn/Cd (e.g., AM04 insufficient funds, RC01 invalid routing) and surface the structured reason to the caller
  5. On ACSC mark the payment settled; store EndToEndId and IntrBkSttlmDt for reconciliation
  6. If no pacs.002 arrives within the FedNow timeout window (~20 seconds), send a pacs.028 payment status request and await a second pacs.002

Known gotchas

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