FINS BIAN Credit Card Process API

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Executive Summary

This service domain orchestrates the scheduled maintenance and transactional activities associated with credit card product fulfillment

Examples of Use

An established card customer uses his or her credit card for a purchase and settles the balance of the card account at the monthly payment cycle

Role Definition

This service domain handles both credit and charge card fulfillment. The main functional difference being the different re-payment and credit handling structures of the two types of card product. Note that unlike a current accounts, card products are typically fulfilled through specialised credit card companies using a card network that links issuing banks and merchant acquiring banks for authorization, clearing and settlement activities.

Debit cards (i.e. devices to access a normal bank account) do not come under this Service Domain.

SET UP NEW CARD FOR CARD APPLICATION

HANDLE REQUEST TO BLOCK CARD

PROCESS DIRECT DEBIT PAYMENTS

PROCESS CARD ACCOUNT DELINQUENCY REVIEW

HANDLE REQUEST TO REPLACE CARD

HANDLE REQUEST FOR BALANCE TRANSFER

HANDLE REQUEST FOR CARD ACTIVATION

PROCESS CARD COLLECTION

HANDLE CARD CHARGEBACK AT ISSUER

PROCESS AUTOMATIC CARD RENEWAL

PROCESS PERIODIC REVIEW OF COLLECTION ACTIONS

PROCESS TRANSACTION BOOKING

HANDLE REQUEST FOR DIRECT DEBIT PAYMENTS

AUTHORISE CARD USE BY ISSUER

PROCESS CARD BILLING

HANDLE REQUEST FOR TOKEN ASSURANCE

Core Business Object

CARD PAYMENT AGREEMENT

Key Features

  • Set-up a credit card account
  • Process card transactions (authorizations)
  • Calculate interest and fees
  • Initiate and track dispute resolutions
  • Initiate customer billing
  • Process clearing and settlement

Customers can use this integration template to accelerate implementation.


Reviews

TypeREST API
OrganizationMulesoft Inc.
Published by
MuleSoft Solutions
Published onNov 10, 2023
Asset overview

Asset versions for 11.0.x

Asset versions
VersionActions
11.0.0