Deposit statuses

Deposit processing statuses

Upon detecting a deposit in a Flash Payments Virtual Account Number (VAN), we immediately record it as a deposit in our system.

The status of a successful deposit goes through the following lifecycle

INITIALISED->REVIEWING→CONFIRMED

If you choose to reject a deposit, its status goes through the following lifecycle instead:

INITIALISED->REVIEWING→CONFIRMED→REFUNDING→REFUNDED

The REVIEWING is an optional action by Flash Payments Compliance team. Occasionally we pick some transactions for extended AML/CT review. Most transactions do not ever get into the REVIEWING status.

If Flash Payments Compliance choose to reject a deposit, its status lifecycle goes through following stages:

INITIALISED→REVIEWING→REFUNDING→REFUNDED