On Us Transfer Processing

While processing an outgoing Collections, if the debit account/IBAN belongs to the same Bank and Host and if ‘Dispatch On Us Transfer’ preference is not applicable for the Network, then ‘Linked Transaction Reference Number’ gets updated which is the reference number specific to inbound transaction created. This indicates that debit account is internal to Bank and dispatch to Network is not applicable.

The outbound transaction is not marked for dispatch. Instead, an inbound transaction is automatically booked by the system.

Recall /reversal is possible for an outbound transaction booked. It is possible to perform Reject/ ‘Return /Refund ‘action on the inbound transaction. Dispatch is not applicable for the R-transactions booked.

Dispatch of Collections transaction message or R-transaction related messages to Network is done if the flag ‘Dispatch On Us Transfer’ is checked in Collections Network preferences.

If the On Us transaction is dispatched to Network, based on the preference, then the transaction is treated similar to a normal Collections booked. No incoming transaction is booked automatically in this case.