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To Use ACHNow

To use ACHNow, you must use the /transact endpoint. There is no ACHNow support for /issue_sila, /redeem_sila, and /transfer_sila.

Note that /transact is used for all types of transactions, not just ACHNow.

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IMPORTANT - RfP (Request for Payment) Notifications

Please be aware that RfP notifications come from end users' respective banking institutions and are NOT within Sila's environment or control.

We recommend advising your end users to verify their notifications are set up correctly with their respective banking institution.

If your end users are having trouble with receiving notifications, please reach out to the end user's banking institution.

ACHNow enables transactions to always be sent via the fastest available route, determined by Sila on the backend.

NOTE: RTP and FedNow are automatically included with ACHNow. If you're also interested in Instant Settlement, make sure to discuss with your sales rep.

• RTP
• FedNow (only for push, wallet > bank account transactions)
• Instant Settlement
• Same Day ACH

NOTE: Sila must enable the below features in order to use them. If they haven't been enabled on the backend, you will receive errors.

• ACHNow
• Instant Settlement (enabled either standalone or as part of ACHNow)
• RTP (enabled either standalone or as part of ACHNow)
• FedNow (enabled either standalone or as part of ACHNow)

Basic Flow

1. Transaction submitted via /transact
2. Sila determines available instant routes on the backend
3. Rail is chosen
   1. RTP: sent to Trice or other RTP provider
   2. FedNow: sent to Trice or other FedNow provider
4. If the end user's bank doesn't participate in RTP or FedNow, transactions are sent via Instant Settlement or Same Day ACH

What's the difference between an ACHNow transaction and a transaction done without ACHNow?

The cascade.

With ACHNow, if a transaction cannot be processed via the chosen fastest rail, the transaction will cascade down to the next fastest rail until the transaction can be processed successfully. This is determined and one fully by Sila on the backend.