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.

Funding is an automated process. It is your responsibility to review your records before you create any loans or requests for funding.

RailTransaction attributes

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.

AttributeDescription
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.
- COSACH
- COSACHSD
- AdjustmentAction Not a payment rail
- Check
- RPPS
- COSXPay
- RTP
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 typeCutoff 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.
ChecksCutoff is 15:00 EST.
Mastercard RPPSSupport for 3 MC RPPS processing cycles:
03:00 EST – 05:00 EST
13:00 EST – 15:00 EST
21:00 EST – 23:00 EST

To have a transaction included in a processing cycle, it has to be submitted no later than 40 minutes before the cutoff. Any transactions submitted later than 40 minutes before the cutoff time, will flow to the next cycle.
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 returns1. 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