Mambu Banking Engine

Ideas aimed to improve the current experience provided by the Mambu Banking Engine.

Block specific incoming credit transfers

As a payment service provider, I need to be able to stop accepting (reject) credit transfers on request from the end client and with effect from the date specified in the authorisation so that I comply with regulatory requirements of the Payments European DIRECTIVE 2014/92/EU (Art.10 Nr.3.)

What: A possibility to stop accepting incoming credit transfers from a specific Creditor account with effect from the date specified in the authorisation;

Why: To comply with the regulatory requirements of the DIRECTIVE 2014/92/EU (https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32014L0092&from=EN)

  • Alyona Gorlushko
  • May 26 2020
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  • Sebastian Schwittay commented
    8 Jun 07:59am

    Please consider the alternativ wording for "What": A possibility to stop accepting incoming credit transfers (any or from specific Originator accounts) to a specific Beneficiary account with effect from the date specified in the authorisation. Incoming credit transfers should be returned with reason code MS02.