Modules & Services
Transaction Processing
Comprehensive transaction processing system handling all financial transactions including deposits, withdrawals, liens, holds, and automated processes.
The Transaction Processing module is the heart of the core banking system, handling all financial transactions with real-time processing capabilities, automated workflows, and robust security measures.
Overview
The Transaction Processing module provides a comprehensive framework for handling all types of financial transactions in the core banking system. From basic deposits and withdrawals to complex automated processes, the system ensures secure, efficient, and compliant transaction processing.Core Transaction Types
Core Transaction Types
The system supports various transaction types, each with specific processing requirements and security measures.
Deposit Transactions
- Cash deposits
- Check deposits
- Electronic transfers
- Interest calculations
- Automated posting
- Statement updates
- Receipt generation
- Transaction history
Withdrawal Transactions
- Cash withdrawals
- Check payments
- Electronic debits
- Standing orders
- Direct debits
- ATM withdrawals
- Mobile withdrawals
Account Holds & Liens
- PND (Post No Debit)
- PNC (Post No Credit)
- ISO (International Standard Organization)
- Liens
- Legal holds
- Administrative holds
- System holds
Deposit Processing
Deposit Processing
Deposit transactions are fundamental to banking operations, supporting various deposit types and automated interest calculations.
Deposit Features
- Cash deposits
- Check deposits
- Electronic transfers
- Interest calculations
- Automated posting
- Statement updates
- Receipt generation
- Transaction history
Interest Processing
Interest calculations can be automated for various account types with different interest rate structures.
- Daily interest calculation
- Monthly interest posting
- Interest rate management
- Interest tax handling
- Interest statements
- Interest adjustments
- Interest reversals
Withdrawal Processing
Withdrawal Processing
Withdrawal transactions include various types of debits from accounts with appropriate validations and limits.
Withdrawal Controls
All withdrawals are subject to account limits, available balance, and security controls.
- Balance verification
- Limit checks
- Security validation
- Transaction limits
- Channel restrictions
- Time restrictions
- Geographic restrictions
Hold Management
Hold Management
Account holds and liens are crucial for managing account restrictions and securing funds for specific purposes.
Hold Management
- Place holds
- Modify holds
- Release holds
- Hold reporting
- Hold history
- Hold notifications
- Hold documentation
Transaction Automation
The system provides comprehensive automation capabilities for various transaction types and processes.Automated Processes
Automated Processes
Scheduled Transactions
- Standing orders
- Direct debits
- Interest payments
- Fee calculations
- Statement generation
- Report generation
- Reconciliation
Batch Processing
Batch processing is used for high-volume transactions that don’t require real-time processing.
- End-of-day processing
- Interest calculations
- Fee assessments
- Statement generation
- Report generation
- Reconciliation
- System maintenance
Conditional Processing
- Balance-based triggers
- Time-based triggers
- Event-based triggers
- Threshold-based triggers
- Rule-based processing
- Exception handling
- Notification generation
Security & Compliance
All transactions are subject to comprehensive security measures and validations to prevent fraud and ensure compliance.
- Multi-factor authentication
- Transaction limits
- Risk scoring
- Fraud detection
- Audit logging
- Compliance checks
- Security monitoring
Integration Points
The Transaction Processing module integrates with various systems to provide comprehensive banking services.
- Account Management
- Client Management
- Payment Systems
- Reporting Systems
- Reconciliation Systems
- Security Systems
- Compliance Systems