[ARCHIVE] Pending Transactions on Accounts

Archived 2023.10.24. Content moved to CDS guide, Pending and Posted Transactions

Question

For any other relevant Australian Deposit-taking Institution (ADI) and initial Data Holders for non-primary brands, the compliance date for Phase 1 Products is 1st July 2021.

Are any pending transactions such as card authorisations due by this date?

If the answer is yes, then please confirm pending cards authorisations should be marked with a status of Pending whilst settled card authorisations should be marked with a status of Posted.

Answer

Regarding the phasing of the transaction end points, the phasing guidance is applicable to accounts.  Once an account is in scope there is no phasing of transaction types.  All transactions lodged against an account is in scope once the account is in scope.  The transaction APIs should present the same list as can be seen by the customer in their internet banking experience.

As to the marking of specific account types as pending, this is at the discretion and interpretation of the data holder.