Unique reference id set by the originator system. For the Speed associated with the Fedwire payment this will be mapped to {3320} Tag. The {3320} tag limit is 16 characters

Payment amount. The payment amount are validated as per the limit set by the payment rails or by the bank for the customer. For the Fedwire payment this will be mapped to {2000} tag.The payment rail limit per transaction are RTP upto 1M$, FedNow upto $500K, Fedwire upto $9,999,999,999.99, Same Day ACH upto 1M$.

Receiver payment currency code. The valid country currency code should be per ISO 4217 standard.

Format: String with valid format as: MM-DD-YYYY

This is an optional field and signifies the date on which the Finzly system will settle the payment. If the paymentDate is not provided by the API user BankOS will derive it for the earliest available settlement date (not prior to the current business date), based on the configuration.

ACH Payments are typically settled two days after the current date.

Payment requests via API can be submitted using the following example guidelines:

Examples:

1. For Payment speed = Express (Wires), if the payment is submitted/created today* before cut-off, it will be sent to beneficiary today itself.
2. For Payment speed = Instant (FedNow, RTP), if the payment is submitted/created today before, it will be sent to beneficiary today itself.
3. For Payment speed = Economy Plus, if the payment is submitted/created today before cut-off, it will be sent to beneficiary today itself.
4. For Payment speed = Economy and if submitted/created for today before cut-off time, then the transaction shall have effective entry date of two days or one day after submission (T+2 or T+1) depending on your bank’s configuration. For Payment speed = Economy and if submitted on (12th Aug) for delivery date (on 16th Aug) before cut-off time, then the transaction shall be sent to beneficiary on 14th Aug assuming the configuration is two days prior to paymentDate.

• today being business day

Speed associated with the payment based on the delivery time and fee. The Speed names and associated payment rail can be configured or defined by the bank/financial institutions. The supported payment rails in FinzlyOS are ACH, Fedwire, SWIFT, RTP or FedNow. The following are the standard speed names and payment rails configured by default Economy - [ACH-REGULAR], Economy Plus [ACH-SAMEDAY], Express [FEDWIRE], Instant [FEDNOW or RTP], ON [SWIFT], TN [SWIFT], SPOT [SWIFT].

Payment notes provided by the payment originator. These notes are passed to the payment network as per the specification such as for ACH upto 10 chars, Fedwire upto 35 chars [Tag 6400 - Beneficiary information], SWIFT upto 140 chars [Tag 70], RTP/FedNow upto 140 chars [ISO 20022 - RmtInf Tag]. The value will be truncated if it exceeds the data length limit.

Payment sender and account details from which the money will be deducted.

Payment receiver and account details to which the money will be deposited.

Set the payment recurrence based on the available options.