Mambu Banking Engine

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

Outgoing SCTs after the Cut-Off-Time of the SEPA Clearer

What: For the Outgoing SEPA Credit Transfer payments it should be possible to have a Value date in the future. E.g. if a Payment is initiated after specific cut-off-time e.g. 3 p.m. on a day D, all payments initiated after 3 p.m. should have a Value date D+X, Booking date D.

Why: According to the regulatory requirements - Payment Service Directive 2 (Article 78, 83) it is not allowed to charge interest e.g. on the overdraft staring day D, tenants are obliged to start calculating interest from the date D+X

  • Alyona Gorlushko
  • Jun 10 2020
  • Attach files
  • Sebastian Schwittay commented
    10 Jun 04:03pm

    Please extend the idea to also cover bank holidays: If a payment is initiated on a bank holiday D (as configured in Mambu PG), the payment should be processed with Value Date D+x (= next banking business day), Booking date should be either D or D+x.