FINS BIAN Payment Execution Process API

Examples of Use

Example of use:Funds are transferred from a customer’s account with the bank to a payee account held at another bank

Role Definition

Payment Execution handles the back-end processing of a movement funds from a debtor account to a creditor account. Payments need to have been authorized and validated against customer/bank agreements before being instructed to Payment Execution. Payment Execution then determines whether debtor and creditor accounts are held within the bank and if not selects the appropriate payment mechanism/channel to use to complete the transfer. It is responsible for ensuring that both (or neither) sides of the exchange are completed successfully

Related Business Scenarios

PROCESS INCOMING DIRECT DEBIT INSTRUCTION AT DEBTOR BANK

HANDLE REQUEST FOR OUTGOING FCY CREDIT TRANSFER VIA SWIFT

HANDLE INCOMING REQUEST FOR PAYMENT AT DEBTOR BANK

HANDLE INCOMING CREDIT TRANSFER

PROCESS SALARY PAYMENTS FOR INTERNAL ACCOUNTS

PROCESS REQUEST FOR REFUND OF OUTGOING DIRECT DEBIT AT CREDITOR BANK

PROCESS OUTGOING DIRECT DEBIT INSTRUCTION AT CREDITOR BANK

PROCESS PAYMENT OF OUTGOING DIRECT DEBIT AT CREDITOR BANK

HANDLE REQUEST FOR CASH WITHDRAWAL FROM SAVINGS ACCOUNT

HANDLE REQUEST FOR INTERNAL CREDIT TRANSFER FROM SAVINGS ACCOUNT

HANDLE REQUEST FOR CHARGEBACK AT ACQUIRER

RECORD CREDIT BOOKING

PROCESS INCOMING CREDIT TRANSFER AT CREDITOR BANK TOWARDS OUTGOING REQUEST FOR PAYMENT

HANDLE INCOMING FCY CREDIT TRANSFER FOR LCY ACCOUNT

HANDLE REQUEST FOR OUTGOING CREDIT TRANSFER

PROCESS INTERNAL DIRECT DEBIT INSTRUCTION

HANDLE REQUEST FOR INTERNAL CREDIT TRANSFER BETWEEN CORPORATE CURRENT ACCOUNTS

INITIATE PAYMENT ORDER

HANDLE REQUEST FOR INTERNAL CREDIT TRANSFER REQUIRING SECOND LINE AUTHORISATION

PROCESS SALARY PAYMENTS FOR EXTERNAL ACCOUNTS

HANDLE REQUEST FOR PAYMENT AT CREDITOR BANK FOR EXTERNAL ACCOUNT

HANDLE REQUEST FOR REFUND OF INTERNAL DIRECT DEBIT

PROCESS INTEREST SETTLEMENT

HANDLE REQUEST FOR REFUND OF INCOMING DIRECT DEBIT AT DEBTOR BANK

PROCESS CLEARING ERROR FOR OUTGOING CREDIT TRANSFER

PROCESS REJECTION MESSAGE FOR OUTGOING DIRECT DEBIT AT CREDITOR BANK

EXT HANDLE REQUEST FOR ACCOUNT STATEMENT AND OUTGOING CREDIT TRANSFER

HANDLE REQUEST FOR OUTGOING CREDIT TRANSFER RELATED TO REQUEST TO PAY AT DEBTOR BANK

RECORD DEBIT BOOKING

PROCESS INTEREST SETTLEMENT SAVINGS ACCOUNT

PROCESS NOTIFICATION TO REMOVE AMOUNT BLOCK

Core Business Object

MONEY TRANSFER TRANSACTION

Key Features

• Determine the appropriate payment mechanism
• Retrieve counterparty payment instructions/preferences
• Generate creditor and debtor instructions

• Confirm (and report) both legs of the movement are completed

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Customers can use this integration template to accelerate implementation.