FILE UPLOAD

File Uploads facilitates processing of multiple transactions through a single file. This is a faster way of processing transactions than entering single screen transactions. Salary payments, fund transfers, vendor payments, Virtual Account creation, Virtual Account Structure creation and remitter list creation are few examples of financial and non-financial transactions that can be supported through file upload. A non-financial transaction to facilitate upload of multiple payee details, at a single instance, is also possible through file upload.

The File Upload functionality enables users to process:

• Internal payments (within the bank)
• Domestic payments (within the country)
• International payments (cross border)
• Mixed payments
• Create Payees/ Beneficiaries
• Virtual Accounts Creation (With and without Real Accounts Linkage)
• Virtual Account Structure Creation
• Remitter list Creation

Oracle Banking Digital Experience File Upload module enables banks to process files of payments according to agreed operational and business rules and save time. File Uploads facility is simple to use, has daily transaction limits and comes with the security of dual / multi signatory approvals.

File Upload Servicing

File Upload Servicing module allows a corporate user to upload files, approve the uploaded file and view its status.

Prerequisites

• Party Preferences set for Corporate
• User Creation
• Party and Account access
• Set-up Transaction and account access
• Set-up Approval Rules
• File Identifier Maintenance
• User – File Identifier Mapping

Features Supported In Application

• Upload a File
• Approve a File: Approving a File (if and when)
• View Uploaded File & its Status: Viewing a File & Status
• Accessing Error file (if any)
• Access Response File