2 Bulk File Processing
Oracle Banking Payments supports processing of bulk files received from corporate customers containing mixed workload in ISO pain.001 format. Payment request can be for any of the following payment types:
- Domestic Low Value Payment (ACH)
- Domestic High Value Payment (RTGS)
- Cross-Border Payment
- Faster Payments (SEPA Instant)
- Book Transfer
User can upload and process files received from corporate customers containing bulk payment initiation requests in pain.001 format. User can maintain customer preferences for bulk file handling. Bulk files are parsed, validated and processed so that payments are forwarded to appropriate Networks.
On processing the batches received in a bulk file, the batch amount is blocked in the debit account upfront. The rejected payments are be reversed individually, once the consolidated debit posting is done.