[ARCHIVE] Pending and Posted Transaction duplication

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

Question

Is there a requirement from the Consumer Data Standards to correlate pending and posted transactions such that the Consumer/ Data Recipient doesn't end up with duplicate transactions?

Answer

No.  This has been deliberately excluded from the standards as a requirement due to feedback from the banking community.  This is actually stated in the standards in the description of the status field which says: "Note that there is currently no provision in the standards to guarantee the ability to correlate a pending transaction with an associated posted transaction"

See

• Standards - BankingTransaction