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
Payoff Loan
Loan payoff is the pre-closure of a loan in a single payment before the actual maturity of the loan tenure. Payoff can also be called foreclosure, early closure, or early settlement of a loan account. Loan payoff involves functions like a simulation of the outstanding amount payable and a distinct function for payoff loans based on the simulation.
Prepay loan
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
Settle payoff
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
Pay off simulation
POSTCreate a simulation payoff activity for loan product with product id details