Inbound RTP Payment Processing

Inbound payments follow the below listed processing steps:

Initial Validations

System performs the below validations similar to the outbound payments:
- Account/Bank re-direction Account re-direction will be done for the credit account
- Mandatory field checks/ Referential data checks

Any failure during validation processing results in a transaction reject and pacs.002 message sent to CI with appropriate reason code. (Refer to Reason Code mapping).

Duplicate Check

If the inbound payment is found as duplicate it is rejected and pacs.002 is sent out.

External Account Check

Transaction details are sent to DDA system, for the validation of the credit account. If External Account Check EAC is approved, the transaction is marked as ready for ACWP (Accepted without Posting) and sent for sanctions approval, if applicable for the customer and Network.
The external ECA system performs customer and account status checks, with other validation.

Sanction Check

On sanctions approval within the permitted processing time, the system sends out pacs.002 with ACTC status. The system monitor whether the processing time is over or not and generates pacs.002 with ACWP status if the time exceeds the allowed limit.
If Sanctions are rejected and no pacs.002 is sent out so far, the system sends the message with RJCT status.
If the seizure is applicable, pacs.002 with ACTC is sent, provided no status message is generated before.

CI Acknowledgment

After sending an acceptance message with the status as ACTC, the system wait for the response from CI before processing the payment further. If the message is sent with the status as ACWP, the system completes the sanction check. On sanctions approval, further processing is done only based on acknowledgment received from CI.
If positive technical confirmation is received back from CI, price/exchange rate processing are performed for the incoming payment and beneficiary account is credited by handing off the payment accounting entries to Accounting System.
If the transaction is marked for seizure, seizure accounting is passed on getting positive network acknowledgment. Dr. Nostro Account Cr. Seizure GL.
If the technical confirmation from CI is received as negative, the incoming payment is marked as rejected. No creditor notification or camt.035 is sent out.

Pricing

On receiving positive acknowledgment from CI (pacs.002 with ACTC/ACWP), prices are fetched. External pricing is applied, if it is applicable.

Accounting

Accounting handed off to the external system.
- Dr. Nostro Account
- Cr. Intermediary GL
- Dr. Intermediary GL
- Cr. Nostro Account

Notification to Beneficiary is sent after the credit accounting is successfully handed off.

Payment Acknowledgment Generation

Camt.035 message is sent to the originating bank on successful posting of the payment amount to credit account if pacs.002 is sent with ACWP status earlier.