New ACH processing event: RETURN_SETTLED

We are excited to announce starting Feb, 3rd, 2025 an enhancement to our ACH processing workflow with the introduction of a new event: RETURN_SETTLED. This event provides a near real-time notification when an ACH return bouncing a receipt has been fully settled, offering greater transparency and control over your transactions.

What's Changing?

Previously, our ACH return process included two events:

• RETURN_INITIATED: Indicates that an ACH return has been initiated.
• RETURN_PROCESSED: Signifies that the return has been processed.

With this update, we are adding:

• RETURN_SETTLED: This new event will be triggered once the ACH return has been fully settled, confirming the completion of the return process.

Action Required:

Verify that your systems are configured to receive the RETURN_SETTLED event.

For more details on our Events API and managing webhook subscriptions, please refer to our Events API and Webhooks documentation.

If you have any questions or concerns, please contact us via the HELP link in your Lithic Dashboard.

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