Manage Interest
Banks can pay interest to the customers on credit balances held in their deposit accounts. The interest can be changed in the following ways
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Update the interest conditions of the term deposit such as interest rate, spread, margin etc
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Retrieves the interest details of an account such as interest rate , interest type and interest amount
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Retrieves the interest accrued for the current period of an account
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Retrieve the past period's interest accruals
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Retrieves the interest accruals of the previous year
Create a Payment Order
You can create a payment order for the below payment products by inputting the payment order product and other mandatory fields like debit account, amount, beneficiary IBAN, and so on in Temenos Transact for various scenarios like loan disbursement, merchant fee processing, prepay, and loan repayment.
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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Initate a new instant payment order. This API can be called in validate or commit mode. Former validates and responds back with status (and errors if any). Latter validates and commits if there are no validation errors.