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June 27, 2023

11 months ago by Annie Yang

New enumerations for Financial Transactions API

On Monday July 10th, Lithic will be making the following changes to the Financial Transactions API - Events Object. These changes will be applied on a go-forward basis:

  • Streamlining ACH_RECEIPT_PENDING and ACH_RECEIPT_RELEASED into a single ACH_RECEIPT Event type. To prepare for this change, customers can map ACH_RECEIPT to ACH_RECEIPT_RELEASED
  • New Event type of ACH_ORIGINATION_PROCESSED. This event indicates when an ACH origination request has been successfully uploaded to the ACH network but is held in pending by Lithic until the return period has passed. ACH_ORIGINATION_PENDING will indicate when an ACH origination request has been received but not yet uploaded to the ACH network.ACH_ORIGINATION_RELEASED indicates when an ACH origination has been made available for spend.
    • All debit originations will progress from ACH_ORIGINATION_PENDING -> ACH_ORIGINATION_PROCESSED -> ACH_ORIGINATION_RELEASED.
    • All credit originations will progress from ACH_ORIGINATION_PENDING -> ACH_ORIGINATION_RELEASED
      To prepare for this change, customers can map ACH_ORIGINATION_PROCESSED to ACH_ORIGINATION_PENDING.
  • New Event type of ACH_RETURN_PENDING. This event indicates when an ACH return has been received for an ACH receipt but not yet uploaded to the ACH network. Once successfully uploaded, Lithic will emit another Event of type ACH_RETURN. To prepare for this change, customers can map ACH_RETURN_PENDING to ACH_RETURN.