Transaction Statuses
| Status | Description | Lifecycle Stage | Next Actions |
|---|---|---|---|
| Transaction initiated, awaiting processing | Initial | Wait for processing, system will auto-advance | |
| Transaction being processed by bank/system | In-progress | Wait for completion, monitor progress | |
| Transaction authorized but not yet settled | Authorization | Wait for settlement, funds reserved | |
| Transaction successfully completed and settled | Success | Archive, reconcile, update records | |
| Transaction failed due to technical error | Error | Investigate, retry, contact support | |
| Transaction rejected by bank or system | Rejection | Review rejection reason, correct and resubmit | |
| Transaction cancelled by user or system | Cancellation | Update records, notify parties | |
| Transaction reversed or rolled back | Reversal | Investigate reason, update accounting | |
| Transaction temporarily held for review | Hold | Wait for review, provide additional info | |
| Transaction expired without completion | Timeout | Reinitiate if needed, update records |