Funding an Account
Funding an account refers to the process of adding funds to a specific account or a financial instrument. It may involve various methods depending on the type of account and the financial institution or service provider.
Create Payment Order
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
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Amend attributes of a payment order that is yet to be approved by supervisor
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Delete a payment order awaiting supervisor approval
Delete Payment Order
DELETECancel an approved payment order that is in an awaiting status viz. Warehouse, Awaiting Funds
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Perform debit transactions in an account by providing debit amount and currency in which to be debited
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Perform credit transactions in an account, providing the credit amount and the currency in which to be credited
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Retrieve a specific order for a given payment order id
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Retrieve list of authorised payment orders based on a specific criteria
Secondary Limit
You can set secondary limits for an account that has one or more child accounts. A primary limit is the minimum and maximum limit of a parent account (for example, a summary account or currency summary account) whereas a secondary limit indicates the minimum and maximum limit of the virtual accounts under the parent account. For instance, if a summary account with two transaction accounts has a primary limit of 10000 EUR, you can set the secondary limit for each transaction account at 5000 EUR.
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Updates the secondary limit for summary accounts. This helps in monitoring the availability and utilisation of limits.
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Updates the secondary limit for virtual accounts. This helps in monitoring the availability and utilisation of limits.