Network Allowance

Introduction

This option allows the administrator to maintain cut off time of the customers. This option also generates an additional revenue stream for the bank by providing some allowance in cut-off times.

When a customer is linked to a particular payment network,you can specify the optional cut off time delay allowance for each payment network and counter party region combination.

When customers initiate transactions for the particular network, beyond the cutoff time but within the delay allowance duration, a warning is given that the cut off time has passed. The user will be allowed to submit the transaction with the specified value date, and minutes after cut off time however additional charges will be incurred.

If such allowance is not available at the customer level, then the user will get message notifying them about system’s inability to submit with the current value date.

Navigation

The following is the navigation for this option:

• Click Network Allowance in the User Maintenance List screen.

• The Network Allowance screen is displayed.

What you can do

The table below provides a brief description of the data displayed on the screen and the functions you can perform:

Field

Description

Serial No.

The serial number of the record. Select the option button to select the record.

Network

The name of the network on which the payment can be done.

Counter Party Region

From the drop down list, select the region of the counter party, whether Domestic or International.

Cut-Off Time Allowance (in minutes)

From the drop down list, select the cut-off time allowance.

Note:

The admin user can select the values from the drop-down as fixed set of common codes always regarded in minutes.