- Overview
- Specs
- Reviews
- Requirements
- Docs
This application is an updating application that will rebate foreign ATM service charges based on a number of configurable options. One rebate transaction will be credited to the account for all transactions that occurred during the period.
The rebate amount is calculated by dividing each transaction by a specific amount (this amount is configurable). The remainder represents the fee amount. For example, if the amount is set to $5.00, and the transaction amount is $21.50, the application will calculate the ATM service charge amount as $1.50 ($21.50 / 5 = 4 with a remainder of 1.50).
Alternatively, if the ATM switch is programmed to pass the transaction amount and the surcharge amount separately, the actual surcharge amount can be rebated without the above calculation.
Account selection may be restricted based on the following product level settings:
- Account Balance
- Aggregate Balance
- Loan Balance
- Product
- Account Status
- Account User field
Rebate amount may be restricted based on the following product level settings:
- Maximum number of transactions
- Amount to rebate per transaction
- Total rebate amount
This application can be run based on statement cycle, or for a specific date range.
Key Benefits:
If your institution wishes to provide rebates on foreign ATM service charges, this application provides a flexible / configurable method of determining rebate eligibility and amounts, and posting the service charge rebate once calculated.
New Batch Application
Developed with DNAcreator™
Technical Name - PS_CUSTATMREBATE_AC
Write Your Own Review
Only registered users can write reviews. Please, log in
- DNA® release level 4.0 or above
- This application requires a cash box which must be set on the Application. The installation of this application will default the cash box to be the lowest cash box number with the batch indicator set to “Y”. Using standard DNA® functionality, the Financial Institution will have the option to designate a different cash box.
It is the financial institution’s responsibility to associate all transactions to the appropriate minor products and complete GL mapping.
- This application must be run before nightly general ledger applications are run.
Version Information:
2.2.0.3 Published - September 2017