Payment finality in general guaranties to the party receiving electronic funds transfer irrevocability. It is the guarantied concept to have a financial state resolution from which no further appeal may be taken, and from which no collateral proceedings may be permitted to disturb that resolution.
Finality is considered to be important because, absent this there would be no certainty of value transfer. Applying to the directive ‘pacta sunt servanda’ it is mandatory to guarantee the finality of payments under all circumstances.
All payment transfers within the fairCASH system are final.