The Process

Please reach out to your SVB relationship team to get started. The typical implementation involves the following steps:

  1. Once request is received, the SVB team will set the customer up with an equivalent ACH v2 environment in the test environment
  2. The customer can have both environments active at the same time (i.e. v1 and v2 environments), so that parallel testing can occur
  3. Once satisfied with testing of the v2 integration, the SVB team will create a production environment for ACH v2
  4. With production as well, the customer can have their existing v1 production environment active at the same time as the v2 production environment
  5. Once confirmed that the ACH v2 integration is working as desired in production, request the SVB team to disable the v1 environments

 

Authentication

ACH v2 leverages SVB's strategic OAuth 2.0 implementation. This authentication framework is incorporated into all of the latest versions of SVB APIs, so that customers have one mechanism to obtain a token that will allow them to take any action across ACH, VCN, Wires, and Webhooks APIs. Please see the documentation here

 

ACH v2

Version 2 of the ACH API is very similar to version 1, but there are some key differences. It's important to review the full set of documentation (including the Postman Collection that will help show Auth and ACH creation) here

For simplicity please also see exact field differences in the table below:

Revised ACH API Field Name Current ACH API Field Name NACHA Field Name
 svb_account_number

 account_number

  N/A
 addenda  addenda  Addenda
 amount  amount  Amount
 company_entry_description  company_entry_description  Company entry description
 provider_id  counterparty_id  N/A
 currency  currency  N/A
 direction  direction  Service class code
 effective_entry_date  effective_date  Effective entry date
 identification_number  memo  Identification number
 additional_information  metadata  N/A
 receiver_account_number  receiver_account_number  DFI account number
 receiver_account_type  receiver_account_type  Transaction Code
 receiver_name  receiver_name  Receiving company name
 receiver_routing_number  receiver_routing_number Receiving DFI identification
 sec_code  sec_code  Standard entry class
 settlement_priority  service  N/A

 

Webhooks

Finally, ACH v2 works with our new Webhooks API as well. Please review the documentation here

Other than differences in the schema, one key thing to be aware of for ACH webhook events, is that v2 now has a "Processed" status in between "Processing" and "Succeeded/Failed". This status specifically lets the user know that SVB has accepted the request and sent the ACH transaction to the receiving bank.