2.9.4 Stop Check Request Processing in Oracle Banking Retail Accounts

This topic describes the processing of stop check request in Oracle Banking Retail Accounts.

In the United States, customers can request a stop payment of a check either orally or in written.

A branch-level configuration in Oracle Banking Retail Accounts allows users to define the stop-payment auto revoke days for both oral and written stop-payment requests. The branch service will return these values for the account servicing application to auto-calculate the stop-check expiry date based on the request type. This expiry date cannot be modified, and the account servicing application will proceed to initiate the stop-payment request on the check. On the expiry date - the stop check process will automatically revoke the stop-payment request placed on the check.

Note:

For more information about the configurations, refer to the section Branch Parameters in the Account Configurations User Guide.