2 Initiating Checking Account Opening Process

This topic describes the information on the defined stages through which the Checking 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 Checking Account product origination process is initiated either by a single product origination or multiple product selection, the process orchestrator generates the Checking 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 Checking 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.
  • Application Documents
    This topic describes the process of the documents that are uploaded related to application.
  • Debit Assessment
    The topic describes the debit assessment process.
  • Manual Debit Assessment
    The topic describes the manual debit assessment process.
  • Account Funding Stage
    This topic describes the process of initial funding of an account. In this stage user can provide initial funding details before opening an account.
  • 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.