17 docs tagged with "transactions"

A transaction is any operation implying changes in the balance of an account such as deposits, withdrawals or disbursements. Mambu tracks all transactions and associates them to the clients' accounts where they occurred.

Blocking funds in an account essentially means you prevent clients from withdrawing or transferring a specified amount. Clients can still withdraw any remaining funds and receive deposits including their paycheck, but the freeze stops withdrawals or transfers over a certain amount from going through. Therefore, a set amount deposited stays in the account and later gets transferred to the creditor.

Example Use Case

Mambu allows you to select a journal entry booking date different from the value date of transactions.

Most bank clients today expect to be able to function in a fully cashless way, using debit and credit cards to make and receive payments as well as make direct withdrawals from debit accounts and cash advances against credit.

Cards are payment instruments issued by the bank and electronically linked to one or more deposit or loan accounts belonging to the cardholder. We support both debit cards and credit cards depending on the selected product.

Mambu allows you to efficiently manage and work with your clients' deposit accounts.

When a loan account has been approved, the loan is ready to be disbursed.

Journal entries are the logs of all the transactions in your organization which have accounting implications.

Mambu supports three types of fees you can set up when creating a deposit product and later apply to deposit accounts, monthly fees, manual fees, and arbitrary fees.

Payment order flows describe the stages that a payment order may go through and the payment status it may have after each stage. Mambu supports one payment order flow for outgoing payments and two payment order flows for incoming payments. For a list of the available payment statuses, see Payment statuses.

You can process single, partial, custom or bulk repayments. These may be entered in the present or backdated.

A teller can process the following transactions through the Tellering widget available from the Dashboard:

A transaction is any operation implying changes in the balance of an account. Some transactions are posted through transaction channels. A transaction channel is a form of payment such as cash, SWIFT transfer, credit card repayment, or intra-bank transfer.

A transaction channel is a form of payment such as cash, POS device, receipt, check, bank and so on.

Using the Cards API, you can process transaction requests, transaction advices, and transaction reversals.

Business case