API Console

Swagger | Microservice

Executive Summary

This service domain handles the bank-side processing of funds transfers, making the necessary bank and regulatory checks on the involved parties and applying their payment preferences where appropriate

Examples of Use

A customer transaction results in the generation of a payment order to transfer funds to an account in another bank

Role Definition

Payment Order handles the internal bank and compliance checks and processing of funds transfers prior to initiating the actual mechanics of transfer which is handled by the service domain Payment Execution. This includes watch-list and other regulatory checks and applying any counterparty specific limits and payment preferences. It may also oversee payment netting arrangements between the bank and other counterparties 

Related Business Scenarios

Process Incoming Direct Debit Instruction at Debtor Bank
Handle Request to Terminate Sweep Agreement
Handle Request for Outgoing FCY Credit Transfer via SWIFT
Set Up New Card for Card Application
EXT Handle Request for Early Renewal of Term Deposit
EXT Handle Request for High Volume Virtual Account Opening
EXT Handle Request to Open Term Deposit under Term Deposit Agreement for Retail Customer
Handle Incoming Request for Payment at Debtor Bank
Handle Request for Notional Pooling Agreement
Disburse Uncollateralised Consumer Loan
Handle Incoming Credit Transfer
Process End of Period Reporting to Investor
EXT Handle Request to Open Virtual Account
Handle Request for Early Payback of Consumer Mortgage Loan Due to Sale of Property
Process Salary Payments for Internal Accounts
EXT Disburse Merchandising Loan
Handle Request to Use Direct Debits as Payment Instrument
Process Request for Refund of Outgoing Direct Debit at Creditor Bank
Create Customer Reports
EXT Handle Request to Change Corporate Current Account Ownership
Process Outgoing Direct Debit Instruction at Creditor Bank
Handle Request to Change Sweep Sequence
Process Cash Management Payments
Verify Payment of Taxes on Property
Disburse Mortgage Loan
Handle Request to Open Savings Account
EXT Handle Request to Close Virtual Account
EXT Handle Request for High Volume Account Opening
Process Payment of Outgoing Direct Debit at Creditor Bank
EXT Handle Customer Relationships Case
Handle Request for Issuance of Commercial Paper
Handle Request to Close Corporate Current Account
Process Card Clearing by Acquirer
EXT Handle Request to Open Corporate Current Account
EXT Disburse Renewed Uncollateralised Consumer Loan
Handle Request for Balance Transfer
Handle Request for Internal Credit Transfer from Savings Account
Process Settlement by Acquirer
Handle Request to Open Term Deposit under Term Deposit Agreement for Corporate Customer
Process Maturity of Term Deposit
EXT Handle Request to Change Virtual Account Ownership
Handle Request to Add Account to Sweep Agreement
Handle Request for Chargeback at Acquirer
EXT Handle Request to Move Overdraft Limit between Virtual Accounts
Handle Request to Establish Corporate Payroll Service Agreement
Record Collateral Insurance Details
EXT Handle Request to Use Direct Debits as Payment Instrument
EXT Handle Request to Add Account to Sweep Agreement
EXT Handle Instruction to Terminate B2B Direct Debits Service at Creditor Bank
Process Incoming Credit Transfer at Creditor Bank towards Outgoing Request for Payment
Handle Request for Early Payback of Consumer Mortgage Loan Due to Sale of Property for Bank as Servicer
Handle Incoming FCY Credit Transfer for LCY Account
Handle Request for Outgoing Credit Transfer
Process Internal Direct Debit Instruction
Handle Request for Early Closing of Term Deposit
Handle Request to Close Retail Current Account
Handle Request for Internal Credit Transfer between Corporate Current Accounts
Handle Request to Close Savings Account
Disburse Corporate Loan
Initiate Payment Order
EXT Handle Request to Open Term Deposit Agreement for Retail Customer
EXT Handle Request to Open Term Deposit under Term Deposit Agreement for Corporate Customer
Handle Request for Internal Credit Transfer Requiring Second Line Authorisation
EXT Handle Request to Open Retail Current Account
Handle Request for Early Renewal of Term Deposit
Handle Request for Credit Facility
Process Salary Payments for External Accounts
Handle Request to Cancel Credit Transfer Standing Order on Corporate Current Account
Handle Request to Open Retail Current Account
Handle Request to Open Corporate Current Account
EXT Handle Request for Early Closing of Term Deposit
Handle Instruction to Terminate B2B Direct Debits Service at Creditor Bank
Handle Request for Payment at Creditor Bank for External Account
Handle Request for Refund of Internal Direct Debit
Process Interest Settlement
EXT Handle Request to Close Corporate Current Account
Handle Request for Refund of Incoming Direct Debit at Debtor Bank
Handle Request for Corporate Sweep Agreement
Process Clearing Error for Outgoing Credit Transfer
Process Settlement by Issuer
Handle Request for Corporate Sweep Agreement Considering Inter-Company Loan Agreements
Process Rejection Message for Outgoing Direct Debit at Creditor Bank
Handle Request to Open Term Deposit under Term Deposit Agreement for Retail Customer
EXT Handle Request to Terminate Sweep Agreement
EXT Handle Request for Account Statement and Outgoing Credit Transfer
Handle Request for Withdrawal from Consumer Loan
Initiate Customer Relationship Case
Handle Request for Outgoing Credit Transfer Related to Request to Pay at Debtor Bank
EXT Handle Request to Change Sweep Sequence
Process Interest Settlement Savings Account
Process Notification to Remove Amount Block

Core Business Object

Payment Instruction

Key Features

  • Perform bank and regulatory checks on the payee and payer
  • Retrieve counterparty payment preferences
  • Structure payment execution requests to match preferences
  • Oversee counterparty netting arrangements