---
title: "Outgoing Faster Payment Approvals"
slug: "outgoing-faster-payment-approvals"
updated: 2026-07-22T16:47:21Z
published: 2026-07-22T16:47:21Z
canonical: "docs.corporatecu.com/outgoing-faster-payment-approvals"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://docs.corporatecu.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Outgoing Faster Payment Approvals

The Outgoing Faster Payment Approvals screen is where initiated outgoing payments are reviewed and sent.

The Outgoing Faster Payments Approval screen may only be viewed by Users with appropriate permissions.

All outgoing payment messages must be completed with dual approval. One User will enter the Faster Paymenr, and a second User will approve.

To view pending outgoing payment activity, Users will provide searching and filtering information. Users may search and filter across the following column categories:

- Payment ID
- Member - Your credit union
- Debtor - Entity that originated the wire
- Creditor - Final entity that will receive the wire funds
- Creditor Agt/Instructed Agt - Final financial institution that will receive the wire funds on behalf of the beneficiary
- Amount - Outgoing wire amount
- Type - Wire Business Function Code and Type Code; INT designates international wire
- Effective Date - Effective date of the wire
- OFAC Status - Failed or Passed OFAC screening
- Payment Status - Current status of the wire

Sorting and filtering is available on all columns. Click the **arrow** next to the column header to sort the column. The orange arrow indicates which column is currently sorting the information. Search within a column by typing information into the **Search** box located just under the column header, or by utilizing the column dropdown, if available. To clear filters, click the **x** located in the search box, or click the **Clear filters** option at the top right side of the card.

Payment Status options are as follows:

| **Status** | **Description** |
| --- | --- |
| **All Statuses** |  |
| **In Review** | OFAC screening has failed and will need to be reviewed prior to wire verification and approval |
| **Pending Approval** | OFAC screening has passed, the wire may be verified and approved |

Once the desired search information has been entered, a list of outgoing payments is displayed. The User may export the wire information to a PDF document by clicking the **Export to PDF** button.

### Outgoing Payment Approval

To approve outgoing payments, Users must:

1. Navigate to **Money Movement**
2. Click the **F****aster Payments** tab
3. Select **Outgoing Faster Payment Approvals**
4. Search for and select the outgoing payment
5. Click the **P****ayment** **ID**
  1. For **Failed OFAC Status**:
  2. Click **Failed** hyperlink
    1. Each potential match will be displayed with a blue dropdown arrow
  3. Click the **blue dropdown arrow** to review potential matches
  4. Potential matches will be highlighted in red
  5. Once all matched have been reviewed, click **Reviewed**
  6. **Reviewed By** information will populate with User's name and date
  7. Click **Back to Outgoing Payment ID**
6. Review the payment for accuracy
  1. If dollar amount or reference information is incorrect, click **Edit**, and update the information
7. A different User will now need to verify and send the wire
8. Determine the final action to take on the wire:
  1. If the payment detail is correct and has passed OFAC, click **Approve**
  2. If the payment detail other than amount and reference is incorrect, click **Reject**
  3. If the payment should not be sent, click **Cancel**

Once the payment message has been approved, it will roll up to the corporate for final review, posting, and processing. Once those actions have occurred, the payment will reflect a status of **Complete**, visible on the Outgoing Faster Payments screen**.**