2015-04-14 - 18448 - Service Request - Wire Transfer Interface #FIOutgoingpayments #FICOSupport

2015-04-14 - 18448 - Service Request - Wire Transfer Interface

Problem Summary

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Interface between SAP and M&T for wire transfers research and estimate.

Admin Info

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Purpose	Wire Transfer Interface
Requested by	Jeffery
Issue Date	04-14-2015
Resolved by	Raghav
Resolved Date	04-15-2015
Document Status	Completed

Detailed Description

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The specification from M&T for wire payments, looking for an estimate how this fits into project list for 2015.

Batch Wire Client Implementation ToolKit.pdf

Solution Analysis and Recommendations

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We need clarification on below points:-

1) Do we require E-mail confirmation from the bank, if so where this RID=02 line should be given in flat file. In Specifications Email EM1 mentioned as mandate and EM2 ,EM3 are optional but in Appendix-A it is mentioned as all are mandate fields.
2) Value date VDT for RID=11 states that it can be current or future date but on what basis we need to determine the date.
3) For International US dollar wire payments Receiving Bank (CHIPS) RBK need confirmation on field 2 and field 4
4) RID=11 have fields OBI, OB2, ADV, ORG, OR2 but not used in the sample flat file but if required need a detail information on this fields.
5) Will there be any other activities to the business involved after receiving confirmation from the bank through this process.
6) The wire payment file which will sent to bank can be saved in application server.

As per now the approximate estimate total hours for Technical, Functional and Testing may take 70-80 hrs.

Resolution

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Release Information

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Provide link here to Release Notes if Technical Objects were changed