Introduction to Incoming Payment Processing

This module allows financial institutions to process incoming payments where the customer or company cash account is maintained in another bank. The financial institution will receive incoming camt.54 & camt.53 payment messages and will process these (for fees, repayment, prepayment, payoff) based on the Finnish reference number. The INCMMS module is required to receive the camt.54 & camt.53 payment messages, and it runs as a microservice in its own stack.

The customer or the subsidy provider performs a repayment in the bank account where a financial institution has its cash account. Based on the statement received from these bank accounts, the transaction to the loan accounts are raised in the financial institution system. The matching of the payment is based on the structured creditor reference number send by the financial institution during the generation of the invoice. The repayment by the customer or the subsidy provider is performed in the respective banks as instructed by the financial institution. The structured creditor reference number is given as a reference for the payment during the repayment.

The following items have been introduced as part of this module:

• The FIIPMT.INCOMING.PAYMENT.PARAM application allows users to parse the creditor reference number and map the payment order version which needs to be used to initiate the loan settlement.
• The FIIMPT.INCOMING.PAYMENT.FILE staging application has been introduced to act as the master log file which will record every incoming payment that is sent by the customer and then processed by Temenos Transact for making the loan settlements. For a camt.53 or camt.54 file, the exact date and time is stored in the Stmt Creattion Date field.
• The FIIPMT.PAYMENT.INFO application has been introduced to store the status of each payment under an entry in the staging application. The FIIPMT.PAYMENT.INFO,VIEW version can be used to view the existing records from the application.
• The FIIPMT.INCOMING.PAYMENT.INFO.DETAILS enquiry has been provided as an API to view the details of the records from the FIIMPT.INCOMING.PAYMENT.FILE staging application.
• The FIIPMT.PAYMENT.INFO.DETAILS enquiry has been provided as an API for the FIIPMT.PAYMENT.INFO application to list all the records that are in a specific status.