Specifying the payment details

You must specify the details for the Request for Transfer on the Payment Details page, and verify details on the Verify Payment page.

Click here to view the additional information.

The key details for an request to transfer are:

Payor information

Payment details

Additional information

· Fields marked with an asterisk (*) are mandatory.

· You can also fill in partial details and save the transaction for later use.

Payor information

1. Specify the following payor details:

• Sending Account: Select the account from which you want to transfer funds.

The Sending Account or Receiving Account is displayed on the page based on the product setup.

• Payment Currency: Payment currency is auto displayed.

• Payment Description: The payment description is auto-displayed. You can edit the description.

• Effective Date: By default, the application date is displayed as Effective Date. You can change it to a future date, if required.

• Effective Time: Specify the Effective Time if you want to debit your account and credit beneficiary account at specified time on a specific date.

· For future dated transactions, system processes transactions at specified time and stops processing warehoused transactions during BOD.

· If time is not specified, system processes transactions at BOD.

· If Effective Time > Cutoff Time, system displays an error.

· By default, the seller's local time is displayed as Effective Time.

• CutOff Time: The cutoff time is auto-displayed. The transactions that are submitted after the cutoff time processes next day.

2. You can choose to create a recurring transaction based on the current transaction. Recurring Transactions are listed on the Recurring Transaction page. Specify the following details for recurrence:

• Start date: Specify the date from which you want the payment to start.

• End date: Select the end date for the recurring transaction.

• Type of Date: The Type of Date on which the payment is to be made is auto-displayed as Effective date.

• Frequency: Select the required frequency for the recurring transaction. The available options are:

– Daily: Select daily and specify the period for which you want the recurring transaction to recur.

– Weekly: Select weekly and specify the period. You can also specify the day of the week on which you want the recurring transaction to recur using the Reference Day field.

– Monthly: Select monthly and specify the period. Using the Reference Day field, you can specify the exact date on which the transaction should recur.

– Specific Day: Select the Specific Day. You can select the particular day of the week on which you want the recurring transaction to recur.

• Holiday action: Specify whether the recurring transaction must be executed on the Prev Business Day or Next Business Day, if the execution date of the recurring transaction falls on a holiday. You can also choose to skip the recurring transaction, if the execution date falls on a holiday.

• Next date: The next execution date for the recurring transaction is auto-displayed.

Payment details

You can choose to make a payment to a registered receiver or an adhoc receiver.

Specify the following payment details:

• Receiver Name: You can search for the required receiver and select from the available list. All information corresponding to the receiver such as email ID,Receiver Account, Identifier type, Identifier, Bank Branch Name and Contact info is auto-displayed.

• Charge To: You can select the option to change to beneficiary, your account or shared by both.

• Amount: Specify the amount to be transferred.

Adhoc Receiver

· You can choose to make a payment to a registered receiver or an adhoc receiver.

· If you have selected a receiver and want to go back to specifying an adhoc receiver, click Switch to Adhoc Receiver.

· If the receiver does not exist in Fusion Cash Management, you can key-in the required receiver details. Also, specify the Contact Information such as receiver's address details and Mobile Number.

· For field level details, see Adding a Receiver.

· You can also save this ad-hoc receiver information in Fusion Cash Management for future use. Select the Add Receiver to Directory check box and specify the Receiver Short Code.

Additional information

Additional information fields are based on the enrichment setup for the selected payment type and can vary for each of the payment type and package.

Click Verify to save the details and proceed to the Verify Payment page.

Where to go from here

Verifying and submitting the payment