View Recurring Instructions

Introduction

This section allows the user to view the transactions created as recurring transactions.

The following actions can be performed on the recurring transactions:

• Stop

• Modify

• Manual Release Required

• Copy Transaction

• View History

When the user clicks the View Recurring Instructions 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.

For Stopping Transaction with Frequency Type as Recurring:

• System will verify whether:

• 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.

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 Recurring Instructions in the Transaction Management menu option.

• The Recurring Transaction 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

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:

Expired

Active

Future Dated

Cancelled

Recurring Date Range

From-To

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

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

RECURRING INSTRUCTIONS

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

Displays the transaction type of the instruction.

Frequency

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

Initiator Details

Displays initiator’s account id.

Counterparty Details

Displays the counterparty’s particulars.

Next Payment Date

Displays the next payment date for the recurring transaction.

Currency

Displays the transaction currency.

Total Amount

The total amount of the transaction.

Status

Displays the status of the instruction.

Requested By

Displays the details of requestor.