FINS BIAN Payment Initiation Process API
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Examples of Use
An established customer transfers an amount from their current account to an overseas account for a family member. As this is a recurring transaction, the details are maintained and updated as necessary
Role Definition
This service domain supports payment services for consumer and business customers. Payments are made to other accounts within the bank, other banks and possibly internationally using whatever payments mechanism is suited to the transaction (See Payments Order/Execution). The service domain can support single transactions, or manage repeating/scheduled payments if requested
Related Business Scenarios
HANDLE REQUEST FOR OUTGOING FCY CREDIT TRANSFER VIA SWIFT
PROCESS OUTGOING DIRECT DEBIT INSTRUCTION AT CREDITOR BANK
HANDLE CUSTOMER REQUEST FOR PAYMENT ORDER DURING ACTIVE MOBILE ACCESS SESSION
HANDLE REQUEST FOR INTERNAL CREDIT TRANSFER FROM SAVINGS ACCOUNT
HANDLE REQUEST FOR OUTGOING CREDIT TRANSFER
PROCESS INTERNAL DIRECT DEBIT INSTRUCTION
HANDLE REQUEST FOR INTERNAL CREDIT TRANSFER BETWEEN CORPORATE CURRENT ACCOUNTS
HANDLE REQUEST FOR INTERNAL CREDIT TRANSFER REQUIRING SECOND LINE AUTHORISATION
HANDLE REQUEST TO ESTABLISH CREDIT TRANSFER STANDING ORDER ON RETAIL CURRENT ACCOUNT
HANDLE REQUEST FOR PAYMENT AT CREDITOR BANK FOR EXTERNAL ACCOUNT
HANDLE REQUEST FOR REFUND OF INTERNAL DIRECT DEBIT
HANDLE REQUEST FOR REFUND OF INCOMING DIRECT DEBIT AT DEBTOR BANK
EXT HANDLE REQUEST FOR ACCOUNT STATEMENT AND OUTGOING CREDIT TRANSFER
Core Business Object
Key Features
- Capture payment instruction details
- Verify/validate payment transaction (check funds available)
- Initiation payment order processing
Retain, apply and update repeating remittances
Customers can use this integration template to accelerate implementation.