Configuring Debit Collection

Debit Collection (DB) application allows the user to configure the following aspects of collection capture:

Parameter

This allows to configure the payment system to which the user needs to send the payment request.

Product

Every collection request is assigned a ‘product’ attribute that determines the characteristics of the collection and manner in which the collection is processed. The generic product available in DB is Domestic, where the collection request is processed using domestic clearing.

Debit Collection product is either selected by the user (during manual capture) or attached to the Debit Collection Order page to initiate the collection request. It allows users to set the characteristics for capturing, validating and processing collection request.

Using the navigation below the user can set up Debit Collection Product :

Admin Menu > Payments > Debit Collection > Debit Collection Product Setup.

The fields used are described in the table given below:

Field	Description
Allowed Payment Ccy	Indicates the list of currencies allowed to initiate the collection request
Transaction limit	Indicates the maximum collection amount allowed to initiate the collection request
Duplicate check	Indicates whether to perform duplicate check for the captured collection request
Allowed Future Date	Indicates whether the collection request can be initiated using a future Requested Collection Date. NOTE: DB only supports the value No.
Allowed Charge Options	Indicates the charge bearer options allowed for the product
Default Charge Option	Indicates the default charger bearer for the debit collection product
Reachability Check	Indicates whether reachability check is required or not
Clearing Channel	Indicates the preferred clearing channel for routing
Clearing Code Format	Indicates the format of the clearing code. The debit collection order is validated based on the clearing code entered in PAYMENT.ORDER

Version

The strength of DB lies in creating custom and user friendly pages (input and enquiries) using standard Temenos Transact capabilities with minimal time and changes. Banks can create these pages for collection and clearing types (according to the requirements of the bank).

Read Temenos Transact Capabilities for more information.