3.2 US Geography Feature Enhancements
Introduction
For the US region, Retail Account Services enable banks to perform lifecycle transactions on customer accounts with regionalized terminology, controls, and workflows. “Nominee” is renamed to “Beneficiary”, “Cheque” to “Check,” and US-specific capabilities are introduced, including Customer Relationship Maintenance, Courtesy Pay, Account Garnishment, and Regulation D Transaction Inquiry; non-applicable features such as Temporary Overdraft Facility, Secured/Unsecured Limits, and Advance Against Uncollected Funds are hidden. Automatic transaction authorization is enabled to streamline operations while maintaining complete audit logs for every action.
US specific functionalities apart from the commonly available account servicing features: