Transaction Status

Transaction status is the current state of a payment as it moves through its life cycle, reported to customers, merchants and operations teams so they know whether money has actually moved. Common statuses include initiated, pending, authorised, completed or settled, failed or rejected, cancelled, returned and reversed. A card purchase may show as pending while an authorisation hold is in place and change to posted once the merchant's clearing record arrives. Bank transfers report status through their messaging systems: in ISO 20022, a pacs.002 status report uses codes such as ACSC (settlement completed), ACSP (settlement in process), PDNG (pending) and RJCT (rejected), while pain.002 carries status back to corporate customers. Cross-border tools such as SWIFT gpi show each step along the chain. Blockchain payments are described as pending, confirmed or failed. Accurate status data underpins payment tracking and reduces customer enquiries.