The following Afinis APIs are currently in development. Afinis members have the ability to provide feedback on APIs and help set the agenda for the consideration of future APIs.

ACH Return Reporting (RET) API

The RET API will enable an ACH Originator to report ACH return activity via API. The corporate community working with Nacha has expressed an interest in a standardized approach for reporting ACH return activity to better guard against fraudulent ACH payments.  ACH return data is shared today with one-to-one proprietary relationships using secure FTP batch processing.  The current approach creates an impediment for corporate originators that wish to share information broadly with multiple data sources and more quickly propagate this data across the network of ACH users.  Fraudsters take advantage of this window created by non-standardized methods to process additional transactions with closed accounts or by returning transactions as unauthorized for as long as possible.  For some originators, a standardized and real-time approach to providing ACH return data provides a more viable option instead of having to expose all customer data to data sources. A Business Requirements team has been formed and begun holding calls to determine what elements should be included in this API.  Please contact Afinis if you are interested in participating in the work on this API.

Initiate Instant Payment API

This API will enable a customer to make an instant payment through their financial institution automatically via an API. A Business Requirements team has been formed and begun holding calls to determine what elements should be included in this API.  Please contact Afinis if you are interested in participating in the work on this API.