3.1 What is the PTI solution?¶
Source: TI_Host_to_Host_Client_User_Manual_v52.pdf Document pages: 49 PDF pages: 49
Q: What is a consolidated information Notification? A: It is a Notification containing the summary of your transactions for the day ie, it will include the sum of all credit and debit amounts from the previous banking day's cutoff up until the time you receive the Notification. It will also include the available balance on the account at the time indicated on the Notification. The Notification is sent at 7:30am and 5:30pm.
Q: What is a balance only Notification? A: It is a Notification that provides you with the current and available balance of the account. You have the option to receive this Notification once or twice a day at client specified time(s).
The Provisional Transaction Information (PTI) service will send you a Notification in a machine-readable format when a provisional transaction has been processed to your current and/or savings accounts. This PTI service will send a Notification that can be integrated directly into your line-of-business (LOB) system providing you with the ability to automate operational processes. Note, this is only provisional information so it is up to the client if they would like to rely on this information for operational decisions.
Example: If you sell 'prepaid electricity' as soon as money is deposited into your account, PTI will send a Notification to your line of business system and based on the information your system will release the prepaid electricity to your client in a real time ma nner. The solution will allow you to:
a) Select the type of transactions you would like to be notified on, ie all transactions, credit s only, debits only or account balances.
b) Select the account you would like to receive provisional statement information on.