Remittance Lifecycle

The diagram below outlines the entire journey of a Payout transaction, from its initiation to its completion. The Payout transaction is also commonly referred to as a remittance transaction. You can refer to the transaction status table for detailed descriptions of each status type within this lifecycle.

Remittance transaction statuses

Status	Description
APPROVED	The transaction is approved for Payout by the authorized personnel.
AWAITING_FUNDS	The transaction is waiting for funding.
CANCELLED	The transaction is cancelled by the customer. For a Payout transaction, typically, this can only be done on scheduled payouts that are not yet initiated.
COMPLIANCE_COMPLETED	The transaction has cleared compliance review and is ready for further processing.
COMPLIANCE_REJECTED	The transaction is rejected by compliance rules.
DECLINED	The transaction is declined by the checker or due to monitoring rules.
ERROR	An error occurred while processing the transaction. Depending on the type of error, the transaction can be retried by returning to the PG_PROCESSING status.
EXPIRED	The transaction is expired due to insufficient funds or the expiration of the FX rate.
IN_PROGRESS	The transaction is currently being processed.
INITIATED	The transaction is initiated for processing.
PAID	Money has been sent to the beneficiary bank from Nium's partner bank.
PG_PROCESSING	The payout transaction is ready for processing, and we are finding the optimal route to process the payment using the Nium partner bank network.
RFI_REQUESTED	The transaction has been flagged by compliance rules. Additional information has been requested for this transaction for compliance purposes.
RFI_RESPONDED	Nium has received the response to the request for additional compliance information requested per RFI.
RETURNED	The transaction has been returned by the receiving bank. This status typically applies to a payout transaction when the beneficiary bank returns it for a specific reason.
SCHEDULED	The transaction is scheduled and is going to be processed on the scheduled date.
SENT_TO_BANK	The payout instruction has been sent to Nium's partner bank. When the partner bank sends the payment out, the status changes to PAID.