3.5.1 Generic Faster Payments

A new network code type, GN-FPY, has been introduced for generic faster payments. The system now supports using Bank Member ID and Customer Account Number in place of BIC and IBAN.

Support is provided for:
  • Outgoing Transactions originated from all applicable Channels – C2B, API, UI.
  • Incoming Transactions
  • R-Transactions

Bank Directory records for generic faster payments must be maintained in ACH Network Directory (PMDACHDR).

Screen changes:

Network Maintenance Detailed (PMDNWMNT): It is mandatory to link the Network Directory Key created in PMDDRKEY. The Bank Network Identifier must be selected as Local Bank Code.

Faster Payment Additional Processing Preferences (PFDNWAPR): A new field Account Identifier has been introduced with options IBAN and Account Number.

Transaction Input / View screens and Recall / Recall Response Screens: Counterparty Account Number fields and bank code-related clearing system code/proprietary fields are added. The fpout ReST API has been updated to include the new field CrAcNo to capture the credit account number.

Currently, for SEPA Instant Payments, return transactions are processed only as a response to recall request from originator bank.

For Faster Payments of type GN-FPY, OBPM is enhanced to process both outgoing and incoming standalone returns without any dependency on recall request. The transactions in scope are:
  • Return of an Incoming payment that is successfully processed – UI and REST API
  • Return of an Outgoing payment that is successfully processed
Additional Return Input and View screens have been introduced:
  • Inbound Faster Payments - Return (PFDITRTN)
  • A new REST API fpinreturn has been introduced. It allows users to create standalone return transactions, which means transactions that do not require a recall request, for processed inbound faster payments of the type GN-FPY.
  • Inbound Faster Payments - Return View (PFDIRTVW)
  • Inbound Faster Payments - Return View Summary (PFSIRTVW)
  • Outbound Faster Payments - Return View (PFDORTVW)
  • Outbound Faster Payments - Return View Summary (PFSORTVW)
  • Additional return-related fields have been added to the exception tabs in the Outbound SCT Inst Transaction View (PFDOVIEW) and Inbound SCT Inst Transaction View (PFDIVIEW) screens.

Note: For outbound SEPA Inst transactions, ECA Auto Retry is made applicable based on the preference in ECA Retry Preference Detailed (PMDECAPR).

Parent topic: EU SEPA Instant