FINS BIAN Credit Card Process API
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Executive Summary
This service domain orchestrates the scheduled maintenance and transactional activities associated with credit card product fulfillment
Examples of Use
An established card customer uses his or her credit card for a purchase and settles the balance of the card account at the monthly payment cycle
Role Definition
This service domain handles both credit and charge card fulfillment. The main functional difference being the different re-payment and credit handling structures of the two types of card product. Note that unlike a current accounts, card products are typically fulfilled through specialised credit card companies using a card network that links issuing banks and merchant acquiring banks for authorization, clearing and settlement activities.
Debit cards (i.e. devices to access a normal bank account) do not come under this Service Domain.
Related Business Scenarios
SET UP NEW CARD FOR CARD APPLICATION
PROCESS CARD ACCOUNT DELINQUENCY REVIEW
HANDLE REQUEST TO REPLACE CARD
HANDLE REQUEST FOR BALANCE TRANSFER
HANDLE REQUEST FOR CARD ACTIVATION
HANDLE CARD CHARGEBACK AT ISSUER
PROCESS AUTOMATIC CARD RENEWAL
PROCESS PERIODIC REVIEW OF COLLECTION ACTIONS
HANDLE REQUEST FOR DIRECT DEBIT PAYMENTS
HANDLE REQUEST FOR TOKEN ASSURANCE
Core Business Object
Key Features
- Set-up a credit card account
- Process card transactions (authorizations)
- Calculate interest and fees
- Initiate and track dispute resolutions
- Initiate customer billing
- Process clearing and settlement
Customers can use this integration template to accelerate implementation.