View Scheduled Transactions

Introduction

This section deals with the transactions that are postdated for future or later processing. The following financial transactions are available under this menu:

Pending For Release: The transaction has completed its cycle (RM approval if required) and waiting for release.`

Note:

Transactions which are put on hold manually are not sent for processing unless they are explicitly released for processing.

Pending For Processing: The transaction has completed its cycle (RM approval if required) and waiting for transaction date to be processed by the bank.

The following actions can be performed on the scheduled transactions retrieved:

• Stop

• Manual Release Required

• Copy Transaction

•  View History

When the user clicks the View Scheduled Payments menu, based on user access, the transaction type is retrieved .From the menu access available for the user, the list of transaction type is fetched.  The transaction will be filtered based on the user accounts access.

Stop Instruction of Scheduled Transaction:

For Stopping Transaction with Frequency Type as Single:

• Where user selects a transaction pending for processing of frequency type 'Single' from the list and performs 'Stop' action, the system will verify whether

1.  The user has menu access and account access (transaction access) rights to stop a transaction.

2.  The transaction to be processed is past dated transaction.

3. The transaction has completed RM approval where required.

4. The user stopping the transaction is a valid retail user.

The screen with all the transaction entries is displayed to the user with the common details and entries added information.

• The user can

1. Stop all the entries in the transaction by performing ‘stop complete transaction’ action.

2. Stop particular entry in the transaction by performing ‘stop selected entries’ action.

• Once the user performs any of the above action, the transaction detail is displayed.

• The user can resume with confirmation of the stop action.

• The transaction is stopped and  displayed with confirmation message as “[102221] Transaction request submitted for stop.”

For Stopping Transaction with Frequency Type as Recurring:

•  System will verify whether:

1. The user has menu access and account access (Transaction access) to stop a transaction.

2. The transaction to be processed is past dated transaction.

3. All instances processed or not.

4. The transaction has completed approval cycle.

5. The user stopping the transaction is valid user (Corporate, Retail).

• A new screen with all the transaction entries is displayed to the user with the common and entries added details.

• The user is required to enter stop instruction till date, which must not be past date and it should  not be greater  than maximum scheduling period.

• It is possible to stop future selected instances of a recurring transaction request and view the stopped instances for both single as well as recurring transaction requests. For single, only one instance would be listed.

Cases where Errors are Displayed for user actions at the time of Initiating Stop Action on the Transaction:

• No transaction selected

• Past dated transaction selected

• Recurring transaction whose all instances are processed is selected.

• Stop till date is not entered

• Stop till date is past date

• Stop till date entered is later than maximum scheduling period

• No entries selected

• Remarks exceeding the maximum length

• Invalid next authorizer

• No next authorizer entered if approval is required

Note:

All the Scheduled Transactions will be displayed to joint holders, in case of Joint Accounts, based on the Account Access.

Duplicate Transaction Check

Whenever a user initiates a transaction, Finacle e-Banking will do a check to see whether the entered transaction is a duplication of the previously entered transaction during day. For performing this check, the inputs taken are:

• Counterparty

• Transaction Date

• Transaction Amount

If a transaction entered by the user matches with another transaction on a particular day with respect to the above listed three parameters, then a warning message will be displayed to the user. The warning message displayed will be “Entry with same Transaction Date, Counter Party and Transaction Amount Already Exists”. However user can still continue with the transaction.

For Example:

If User U1 transfers Rs.10,000 to one of the counterparties C1 on 1st January 2012 and later on the same day, if he tries to transfer another Rs. 10,000 to the same counterparty C1 then, e-Banking application displays the warning message.

This check is performed upon Modifying a transaction and Copying a transaction. While checking for duplicate transaction Finacle e-Banking will also check the transactions which are Scheduled and Waiting for approval.

Note:

• Transaction with the below mentioned status will not be considered for duplicate transaction check.

• • Repaired

  • Expired

  • Failed

  • Pending For My Approval

  • Recalled

  • Rejected

  • Saved

Navigation

• Click View Scheduled Transactions in the Transaction Management menu option.

• The Scheduled Payments List 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

SEARCH CRITERIA

Saved Criteria Templates

From the drop-down list, select the saved template for the new search criteria.

Note:

• Click OK after selecting the appropriate value from the drop-down list. The fields get defaulted with the saved values as per template.

• If no template is selected as default template then the first value in the drop-down list is  <SELECT>.

Transaction Type

Mandatory

From the drop-down list, select the transaction type to be retrieved.

Valid values:

All

Fund Transfer

Payment

Collection

Loan Redraw

Bill Presentment

Shopping Mall Payment

Note:

The default value is All.

Initiator’s Account

Select the initiator account from the list of accounts.

Note:

In case the initiator’s account is mandatory for the backend host system to process the request, then at the time of implementation this field can be made as mandatory field through customization.

Status

Select the status of the entries to be searched.

Valid values:

Future Dated

Cancelled

Transaction Date Range

From-To

Enter the range of dates in From date and To date for which the list must be fetched.

No. of Rows

Optional

Drop-down

Select the number of records to be viewed in the listing. The values for this drop-down are defined in common code type NOLR.

Note:

If no value is entered rows will be fetched as per PRPM set at bank level

Template Actions

From the drop-down list, select the template action.

Valid Values:

Save Template

Delete Template

Note:

Click OK after selecting the appropriate value from the drop-down list.

Transaction Reference Name

Type the reference name for the transaction, which can be used for retrieval of the transaction details in the future.

Note:

This is a text field and there will not be any validations on this field.

ADVANCED SEARCH CRITERIA

Counter Party Type

Select the counter party type based on which the records are retrieved.

Counter Party Nickname

Use Look Up to retrieve the list of counter party and choose the appropriate counter party nick name, to fetch the transaction records.

Total Amount Range

From - To

Enter the total amount range based on which the search happens.

Network

Select the network based on which the search happens.

Transaction Purpose

Select the transaction purpose from the list based on which the list is retrieved.

Field

Description

SCHEDULED TRANSACTIONS

Select

Select the transaction record from the list.

Reference ID

The Reference ID of the transaction. Click the link to view the details of the transaction.

Transaction Type

The transaction type. It is either funds transfer, payment or collection.

Frequency Type

Select the frequency type based on which the list would be obtained.

Valid Values:

Single

Recurring

All

Transaction Date

The transaction date of the transaction.

Total Entries

The total number of entries in the transaction.

Currency

The transaction currency of the transaction.

Total Amount

The total amount of the transaction.

Marked For Stop

The value is yes or no depending on whether the entry is marked for stop or not.