Recently Released

📚 Ledgers

Auto-Ledgering Updates

We made multiple updates to our auto-ledgering functionality to add robustness and improved accuracy to Ledger Transactions linked to payment objects. These updates include:

• effective_at Ledger Transaction timestamp inheritance will now honor the originating bank's timezone.
• effective_at for originated returns will now inherit the reconciled transaction's effective date/time upon posting.
• Originated Returns against IPD's with linked Ledger Transactions will no longer be reversal Ledger Transactions, they will be independent Ledger Transactions representing the cancelling ledger impact of the original Ledger Transaction created from the IPD. This update helps support use cases in which the return is failed and needs to be retried.

✅ Reconciliation

Reconciliation Amounts on Expected Payments

Expected Payment API responses now include amount_reconciled and amount_unreconciled providing insight into the reconciliation status of a given Expected Payment. amount_reconciled, with its direction, represents the total amount that has been reconciled to the Expected Payment. amount_unreconciled, with its direction, is the amount that remains unreconciled for the Expected Payment.

Upcoming Changes

📚 Ledgers

GET Ledger Transactions and Ledger Accounts by External ID

We are expanding our GET endpoints for Ledger Transactions and Ledger Accounts to allow for retrieving resources by external_id. This update allows customers a more efficient pattern to retrieve Modern Treasury resources without needing to use Modern Treasury ID's.

💵 Payments

Enhanced Reporting for CRB Received Payments

Today, MT creates an Incoming Payment Detail when a CRB Wire is Returned. On December 8th, current customers on CRB will be migrated to the following new behavior:

• MT will stop creating Incoming Payment Details for returned CRB Wires
• MT will start creating Returns for returned CRB Wires, which will be linked to the originated Payment Order
• IMAD/OMAD details will be added as Payment References to Received Wires and Returns at CRB

In addition, ACH Incoming Payment Details and Returns will now include ACH trace details as Payment References.