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I think Validated means a staff member has approved it, and possibly has initiated the send.
My last wire still shows in the transaction list as Validated, although it has been received (and Paxum emailed me a message to say it was completed)
I saw some alarming statuses when trying to get my first few EFT payments through... Returned, Rejected, Suspended. And each time I had to chase up what this meant and why it had happened. Paxum did not notify me or advise that I had to resubmit. So keep an eye on your transaction list and contact them if the status changes to something that doesn't seem right.
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