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

PAYMENT INSTRUCTION

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.


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