1. Current Account Origination User Guide (US Regionalization)
  2. Initiating Current Account Opening Process

2 Initiating Current Account Opening Process

This topic describes the information on the defined stages through which the Current Account Application has to flow before it is ready to be sent to the Host for Account Creation.

As detailed in the Operations User Guide, the account opening applications of all product are initiated in the application initiation stage from the Product Catalogue. The Cart Operation in Product Catalogue allows to originate, Single or Multiple Product initiation. Once the current account product origination process is initiated either by a single product origination or multiple product selection, the process orchestrator generates the current account process reference number on submit of application initiation stage. The process orchestrator updates the record in the free task process for the ‘Application Entry’ stage and is referred to as task from the orchestrator perspective.

To acquire and edit respective stage:
  1. From Home screen, click Tasks. Under Tasks, click Free Tasks.

    The Free Tasks screen is displayed.

    Figure 2-1 Free Tasks


    Description of Figure 2-1 follows
    Description of "Figure 2-1 Free Tasks"

  2. Click Acquire & Edit from the Actions column against the stage which user wants to update.

The Current Account Origination Process flow comprises of the below stages and the detailed information of the same is available in the below sections:

  • Application Entry Stage
    This topic describes the information on the various data segments to capture the required data in the Application Entry stage.
  • Debit Assessment
    The topic describes the debit assessment process.
  • Manual Debit Assessment
    The topic describes the manual debit assessment process.
  • Application Enrichment Stage
    This topic describes the information on the various data segments to view and update the required data for the Application Enrichment stage.
  • Account Funding
    This topic describes the process of initial funding of an account. This stage appears once the account is opened.
  • Application Approval Stage
    This topic describes the information on the various data segments to view the captured details and approve the application in the Application Approval stage
  • Account Funding
    This topic describes the process of initial funding of an account. This stage appears once the account is opened.
  • Global Actions
    This topic provides the detailed on the actions that can be performed in all stages.