Outbound IMPS Payment Processing
Following are the processing steps for outbound payments:
- Initial Validations
- Duplicate Check
- Daily limit Check
- Sanctions Check
- Pricing
- ECA Check
- Accounting
- Messaging
- Initial Validations
- NRE Account Validation
- Duplicate Check
- Message Generation
- Daily Limit Check
- Sanction Check
- Pricing - Charge /Tax Computation
- Balance Check with DDA System
- Accounting
- Messaging
- Prefunded Payments Processing
- Debtor Account Derivation
- Debtor Account Type Derivation
- Debtor Name Derivation
- Response Handling
- Outbound Check Transaction Status Request Processing
- Check Transaction Status Response Processing
- Process Monitoring
Parent topic: IMPS Outbound Payments Processing