Step 17: Accept the confirmation and notify Sender

When the Destination PSP accepts the pacs.008 payment instruction, they will respond with a pacs.002 status report, which will be sent back to Nexus. Nexus will forward the pacs.002 to the Source IPS, who will forward it to the Source PSP.

The pacs.002 will have one of the following status codes (found in /Document/FIToFIPmtStsRpt/TxInfAndSts/TxSts/):

• ACCC: the Destination PSP has accepted the payment and credited the Recipient’s account

  • The Source PSP should inform the Sender that the payment has successfully reached the Recipient

• RJCT: the Destination PSP payment has been rejected. A reason code may provide further information. In the Source IPS, any reservation of funds against the Source PSP has been cancelled and any movement of funds from the Source PSP to the Source Settlement Account Provider has been reversed.

  • The Source PSP should inform the Sender that the payment could not be made.

If the ACCC message is received, the Sender should be notified (possibly through a notification or update on the app/online banking, or via an update to their statement).

Most payments should complete in 60 seconds

What to read next?

Further information on each step is given in the corresponding sections:

• Addressing and Proxy Resolution

• FX Provision

• Payment Processing

• Settlement Access Provision

• Messaging & Translation