Initiate Peer to Peer Collection

Introduction

This screen allows the customers to initiate the new Peer to Peer Collection transactions.

Navigation

• Click  Initiate Peer to Peer Collection under Transactions Management.

• The Initiate Peer to Peer Collection screen is displayed.

What you can do

The table below provides a brief description of the data that should be entered on the screen and the functions you can perform:

Field

Description

COMMON DETAILS

Frequency Type

Drop-down

Select the appropriate option.

Valid values:

One time - Default

Recurring

Note:

On selecting Recurring and clicking the Go button few additional fields appear. Based on the requirement the user can prefer to do one time or recurring payment.

Transaction Date

Select the date of transaction from the calendar widget.

Recurring Date

Select the date on which the transaction should be repeated.

Note:

The below fields are displayed only for Recurring transactions.

Frequency

From the drop-down list, select the frequency.

Valid Values:

Daily

Weekly

Monthly

Quarterly

Half Yearly

Yearly

Every ‘N’ Days

Note:

The below fields are displayed only for Recurring transactions.

Number of days

If Every N Days is selected in Frequency field then enter the value for Number of days.

Note:

• This field has to be entered if the Frequency is Enter N Days.

• This field is displayed if the frequency type is Recurring.

Number of Installments

Enter the number of time the transaction has to be occurred.

Note:

The below fields are displayed only for Recurring transactions.

Validity Indicator

Select the day on which the transaction has to be done, if the day of transaction is suppose to be a bank holiday, currency holiday or network holiday.

Valid Values:

Next Valid Date

Previous Valid Date

Skip

First Payment Date

Select the first collection date.

Note:

The below fields are displayed only for Recurring transactions.

End Date

Select the last collection date.

Note:

The below fields are displayed only for Recurring transactions.

Transaction Currency

Choose the transaction currency from the drop-down.

Initiator Peer to Peer ID

Select the Peer to Peer ID of the initiator of the transaction.

Note:

This is a mandatory field, so if the customer does not select a Peer to Peer ID, an error message such as “Please select a Peer to Peer ID to initiate payment” is displayed.

Counterparty Type & Nickname

Peer to Peer Payee

Select the option button and select the P2P ID from the drop-down list to select the counterparty for the transaction.

Note:

P2P ID of the counterparty and the P2P Id of the initiator should belong to the same service provider.

Adhoc Peer to Peer Payee

Select the option button for adhoc payment creation.

Name

Specify the name of the adhoc counterparty whom the user wants to add as part of payment transaction.

Note:

If the Adhoc Peer to Peer Payee option button is selected, then this field would be a mandatory field.

Service Provider

From the drop-down list, select the service provider of the adhoc counterparty.

Peer to Peer ID

Specify the P2P ID of the counterparty. Click the Validate button, to know whether the specified P2P ID is valid or not. If it is a valid P2P ID, then a check mark will appear as shown in the addition of service provider screen.

Note:

• This field becomes mandatory, if the Adhoc Peer to Peer Payee option button is selected.

• If the customer does not provide any Peer to Peer ID for the payee, an error message such as “Please provide a Peer to Peer ID for the Ad hoc Peer to Peer Payee” is displayed.

Add to my Peer to Peer

Select the check box, if the adhoc Peer to Peer counterparty has to be added to the list of counterparties maintained by the customer.

Due Date

Select the expected date of collection of amount.

Network

Select the network to be used for performing the transaction.

Amount

Specify the amount of the transaction.

Remark

Specify the transaction remarks.

Transaction Purpose

From the drop-down list, select the appropriate purpose for the transaction.