Payment rails

A payment rail is the method by which Arix transfers funds. Arix uses these rails:

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Important

To track rails, use the RailId you receive back after the API call.

RailTransaction parameters

These properties are returned for rail transactions.

Every rail includes a GUID, which is a unique identifier for the rail which you can use to match the rail request to the rail response.

Attribute

Description

RailId
GUID

Unique identifier for a rail.

LoanId
string

Unique identifier for a loan.

RailType
RailType or null

Type of rail for payment.
Select from one of these rail types.

Priority
integer or null

Order the loan was processed - starts with number 1.
If all the loans have the same number, Arix processes them in the order they were received.

Amount
decimal

Amount attempted to process on this rail. If left blank, Arix attempts to process the full balance.

MPLId
string

ID of the MPL.

IssuingBankId
string

ID of the issuing bank.

IsFailed
boolean

Indicates if the loan transmission failed.
True or false.

LoanType
string

Type of loan.

AmountFunded
decimal

Dollar amount funded.

RailTransactionId
string

Unique identifier for a rail transaction.

FundResult
RailResultType

Result of the funding. See Enums.

Message
string

Message returned.

ProcessedAt
DateTime

Date the rail was processed.

TransactionGroupId
GUID

Unique identifier of the transaction group.

Rail cutoff times

The bank reserves 1.5 - 2 hours for pre-processing of funding before the network cutoff times below. Only loans that completed all underwriting checks are funded. Loans that miss a cutoff will auto-roll to the next processing window.

Rail type

Cutoff times

ACH

Cutoff is 16:00 EST. The Fed accepts submissions until 18:00 EST.

ACH SD (Same Day)
Limited to $1,000,000 per transaction

Cutoff is 13:00 EST. The Fed accepts submissions until 14:45 EST.

Extended Same Day cut off is 14:30 EST. The Fed accepts submissions until 16:45 EST.

Checks

Cutoff is 15:00 EST.

Mastercard RPPS

Support for 3 MC RPPS processing cycles:
03:00 EST – 05:00 EST
13:00 EST – 15:00 EST
21:00 EST – 23:00 EST

Cut off is 20 minutes before a cycle start time.

XPay

24/7 (no cutoff times)

RTP (Real Time Payment)
Limited to $1,000,000 per transaction

24/7 (no cutoff times)

ACH return cutoff times

ACH returns are received in batches, with the following cutoff times:

ACH returns

  1. First Batch: 12:00 AM EST
  2. Second Batch: 3:00 AM EST
  3. Third Batch: 11:30 AM EST
  4. Fourth Batch: 3:30 PM EST
  5. Fifth Batch: 4:30 PM EST

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