4.3 Inbound Transaction Processing

Inbound payments follows the below listed processing steps:

• Bank Re-direction
• Account Re-direction
• D to A Conversion
• Account Derivation
• PSD Validation
• Network Cutoff Validation
• Beneficiary Name Validations
• Customer Payment Restriction Validation
• EU Payer Validation
• Sanction Check Validation
• Duplicate Check
• Authorization Limit Validations
• External Account Check Processing
• Exchange Rate/FX Processing
• Pricing
• Accounting
• MIS & UDF
• Transaction Cancellation Processing
• Future Date Transaction Processing

• Bank Re-direction
  The system checks the Bank Redirection maintenance (PMDBKRED) for any redirections maintained against the Bank Codes mentioned in the transaction. If there are any redirections maintained, the Redirected Bank Code replaces the Original Bank Code in the transaction.
• Account Re-direction
  The system checks the Account Redirection maintenance (PMDACRED) for any redirections maintained against the accounts mentioned in the transaction. If there are redirections maintained, the redirected account replaces the original account in the transaction.
• D to A Conversion
  The system converts party details (Name and Address) to BIC when records are maintained in D to A Converter maintenance PMDDAMNT.
• Account Derivation
  The system validates the Debit Account against the External Customer Account Input STDCRACC to check whether the account is valid (Open / Authorized).
• PSD Validation
  
• Network Cutoff Validation
  
• Beneficiary Name Validations
  
• Customer Payment Restriction Validation
  
• EU Payer Validation
  The EU Payer validation applies only for MT 103.
• Sanction Check Validation
  
• Duplicate Check
  
• Authorization Limit Validations
  
• External Account Check Processing
  
• Exchange Rate/FX Processing
  
• Pricing
  
• Accounting
  The ‘Debit Liquidation’ & ‘Credit Liquidation’ accounting codes maintained in Network Currency Preferences (PMDNCPRF) for the Host code, Network code, Transaction Type ‘Outgoing’ and Transfer Currency combination are applicable for posting the accounting entries.
• MIS & UDF
  
• Transaction Cancellation Processing
  
• Future Date Transaction Processing