02 — Capability · BC-1730.10
Payment Initiation & Processing
Accept payment instructions from every channel, check and repair them, and route each to the cheapest rail that meets its deadline. Clearing with other banks and the rail-specific handling of wires and instant payments are separate capabilities.
- Payment Order Processing
- Payments Hub
- Payment Origination
In scope
- Single and bulk payment capture from branch, online, mobile and file channels
- Validation, enrichment and repair of payment instructions
- Batch payment origination such as ACH, SEPA and other clearing-house credit transfers
- Rail selection, cut-off times and future-dated payments
Out of scope
- Interbank clearing and settlement (see BC-1730.20)
- High-value, instant and cross-border payments (see BC-1730.30)
- Integration and API delivery in general (see BC-720.40)
Realized by · 0
- No product in the catalog yet.
Used in · 3
Build it · 0
- Nothing in the library points here yet.
Decomposes into · 4
- BC-1730.10.10Payment Instruction CaptureReceive single and bulk payment instructions from every customer channel and file format and turn them into one standard payment record.
- BC-1730.10.20Payment Validation & RepairCheck each payment for format, account, limit and funds problems, repair what can be fixed, and return the rest with a clear reason.
- BC-1730.10.30Batch Payment OriginationBuild and send batches of credits and debits to automated clearing house rails within each rail's windows, including direct debit mandates.
- BC-1730.10.40Payment Rail RoutingChoose the rail for each payment by cost, speed, value and cut-off, and hold future-dated payments until they are due.