Auto-generated Inbound Payments Processing

On processing originated ACH Debits, it is possible that both Credit and Debit accounts belong to the same bank.

On Us transfer validation is done for the originated ACH Debits before dispatch as below:

(Debtor agent BIC is a valid BIC for the Host
OR Debtor Agent Member ID is a valid branch identifier for the Network and Host)
AND Debtor account is a valid account in External Account maintenance

The system marks the Originated Debit transaction as 'On Us' and auto generates the Receipt transaction if in ACH Dispatch preferences (Function ID PMDACHDS) the value for field 'Dispatch On Us Transfer' is maintained as 'No' .

Note:

It is assumed that Incoming & Outgoing internal transactions uses the same Network Clearing GL for accounting.

Customer FX preference check and FX rate fetch are applicable for auto-generated Receipt transactions.

Parent topic: Upload of pacs.003 Messages