Processing of Inbound Payments
Inbound payments are processed in PA module in the following steps:
- Initial Validations
- IBAN check for debtor account and debtor Bank BIC
- Duplicate Check
- Sanction Check
- Charge/Tax Computation
- Exchange Rate Pick up
- External Account Check
- Debit & Credit Liquidation
Debit currency is considered as transfer currency for Inbound transactions
Parent topic: ACH Inbound Transaction Processes and Validations