BACS( Bank Automated Clearing System)

BACS– Bankers Automated Clearing Services

Introduction
• In UK there are 3 ACH system BACS, CHAPS & Faster Payment

• Operated and managed by BACS Payment Schemes Limited(16 UK banks).

• Electronic payment system to transfer from one bank account to another bank.

• Used for Pay wedges, salaries, pension, state payment.

• Types –Direct Debit and Direct Credit

• Processing time 3 days

• Multilateral Net basis settlement

• Max limit specific to bank

• Cut-off time of 22:30 two days before settlement on value date.

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BACS-Payment Access Model

Each model differ in responsibility, cost and complexity

Direct Settling Participant Direct Non-Settling Participant Indirect Participant

• Have BOE settlement account. • Tie –up with ‘Direct Settling • Commercial relationship
Participant’ for Settlement with ‘Direct Settling
• Meet operational and requirement sponsor. Participant’ for settlement.
technical standard defined by BACS.
• Connects directly to BACS • No obligation to
infrastructure. operational and technical
• Must be credit institution.
requirements.
• Responsibility to meet
• Settle at the Bank of England. operational and technical • Settlement account BOE
requirements shared with not needed.
• Underwrite the Direct Debit Guarantee. settlement sponsor

• Underwrite all risks incurred via BACS

BACS- UK Payment Access Model
BACS- Input for transaction

• Destination bank Sorting Code.

• Destination account number to be debited/credited.

• SUN -Service User Number of the originator

• Destination account type..

• Originating bank Sorting Code.

• Origination user account number.

• Destination Account Name & Number

• Payment Date

• Payment Amount
BACS & ACH

ACH BACS

• Originator • Business User/ Bureau

• ODFI • SU PSP/Bank

• ACH Operator • BACS System

• RDFI • Destination PSP

• NACHA • BACS Payment Schemes Limited(16 UK

banks).
BACS– Direct Debit
Direct Debit
• Standing instruction by customer to bank, authorizing an organization to collect payment with amount and date agreed upon.
• Used for bill payment, recurring payment, lower processing fee.
• Takes 3 working day to be processed
• DAY 1: Bank/ Berau submit payment file to BACS., Payment files must be transmitted to Bacs between 07.00 and 22.30
• Day 2: BACS process payment file received and send to recipient banks.
• Day 3: Payment credited/debited to receiver account.

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BACS– Direct Credit
Direct Credit
• Make payment regular/ad-hoc to people or group of people.
• Used for payment of Pension, Salary, Insurance premium etc..
• Confirmation of receipt, can be modified
• Takes 3 working day to be processed
• DAY 1: Bank/ Berau submit payment file to BACS., Payment files must be transmitted to Bacs between 07.00 and 22.30
• Day 2: BACS process payment file received and send to recipient banks.
• Day 3: Payment credited/debited to receiver account.

913
BACS– Message
FLOW NO BACS MESSAGE ISO 2022 FROM TO

Payment 1a Direct credits Pain.001 SU BACS

Payment 1b Direct Debit Pain.008 SU BACS

Payment 2 Customer grade Input report Pain.002 BACS SU

Payment 3a Cleared Credit Pacs.008 BACS Dest PSP

Payment 3b Cleared Debit Pacs.003 BACS Dest PSP
Payment 3c Credit Contras Pacs.003 BACS SU PSP
Payment 3d Debit Contras Pacs.008 BACS SUPSP
Payment 3e Cleared Credit Reversal Pacs.007 BACS SU PSP
Payment 3f Cleared Debit Reversal Pacs.007 BACS SU PSP
Payment 4a Bank Grade Credit Return Pacs.004 Dest PSP BACS
Payment 4b Bank Grade Debit Return Pacs.004 Dest PSP BACS
Payment 4c Credit Recall Pacs.007 Dest PSP BACS
Payment 5a Bank Grade Input Report Pacs.002 BACS Dest PSP
Payment 6a Cleared Credit return Pacs.004 BACS SU PSP
Payment 6b Unapplied Credit Notification (ARUCS Report) Camt.054 BACS SU
Payment 6c Cleared Debit Return Pacs.004 BACS SU PSP
Payment 6d Unapplied Debit Notification (ARUDD Report) Camt.054 BACS SU
Payment 6e Cleared Credit Recall Pacs.007 BACS SU PSP
ADDACS 4e DDI Cancelation Dest PSP BACS
ADDACS 4f DDI Amendment Dest PSP BACS
ADDACS 6g DDI Cancelation BACS SU
BACS– Exceptions

ADDACS – Automated Direct Debit Amendment and Cancellation Service. These advise of changes to a Direct Debit
Instruction.

ARUCS – Automated Return of Unapplied Credits Service. If a Bacs Direct Credit payment (eg. salary or supplier
payment) is sent to an account which has been closed, or if the account details are not correct, the credit will automatically
be returned to the paying organization's bank account.

ARUDD – Automated Return of Unpaid Direct Debits. These tell you when a Direct Debit has been returned unpaid for
one of a number of reasons, eg. if a customer’s account has been closed.

AWACS – Advice of Wrong Account for Credits Service. These advise of any changes to a Bacs Direct Credit payment,
eg. if an account has been closed or moved.
BACS– XSD

pain.001.001.09.xsd pain.002.001.11.xsd pain.008.001.09.xsd

pacs.003.001.08.xsd pacs.004.001.10.xsd pacs.007.001.10.xsd

pacs.008.001.09.xsd

Reference : https://www.iso20022.org/iso-20022-message-definitions
BACS– ARUCS(Automated Return of Unapplied Credits Service)

Credit return(ARUCS)

If a credit cannot be applied to the destination account at

the receiving PSP (e.g. account frozen), the PSP will
typically book it to a suspense account. The PSP will
then create a credit return (ARUCS) file in which the
contra will debit the suspense account and the individual
return credits will re-credit the originators account.

• The destination account details and the originating

details are switched around. This has the effect of
returning the payment to where it originated from
• The transaction code changes to identify it as a return
transaction
• A reason code is included to identify why the payment
instruction is being returned
• The service user number of the service user that
originated the original payment instruction is included

ARUCS and ARUDD transactions are originated by

bank grade service users.
BACS– ARUDD (Automated Return of Unapplied Debit Service)

Debit return

Similarly, if a direct debit cannot be applied at the receiving PSP

(e.g. no funds), the PSP will typically book it to a suspense
account. The PSP will then create a debit return (ARUDD) file in
which the contra will credit the suspense account and the
individual return debits will re-debit the originators account.

ARUCS and ARUDD transactions are originated by bank grade

service users.
BACS– Automated Recall(AWACS)

Automated Recall

• Process of preventing credit to destination account by originator.

• It can only be applied on Day 1.
• A debit can not be recalled
• Initiated by originator bank.
• Destination bank match the credit and credit recall instruction.
• Transaction Code 99
• There is manual credit recalls as well , in that case bot PSP mutually settle
down.
BACS– ADDACS (Automated Direct Debit Amendment and Cancellation)

ADDACS:

Used by bank to notify DDI has been cancelled or

amended.

• Any change by customer

• Customer account moved to other bank
BACS– Direct Debit Indemnity

Indemnity is the USP of Direct Debit and it comes under ‘Direct Debit Guarantee’. Its not time and amount boxed i.e. a payer can always request
immediate and full payment refund. If error occurred from Service user the refund claim will be sent to Service user, if error from paying bank then
refund request can be sent to service user and in that case service user may reject the request, partial refund or full refund.

Process of Indemnity Claim:

• Payer notice the mistake.

• Go to bank
• Bank verify the reason and falls under Indemnity claim reason.
• If valid transfer the money to payer immediately
• Bank will raise the indemnity claim to service provider.
• Once servicer receive the claim they have 9 days window to challenge the dispute.
• If there is nothing to bank in next 14 days of claim, will deduct the money from servicer.
BACS– Transaction Submission Structure

ACH BACS

• Message Format : Flat file • Message Format : XML (ISO 2022)

• Interactive: No message for successful transactions • More interactive: Every submission have
confirmation message.
• USA
• UK
Persona: FirstNigra Bank is a commercial bank in the UK
                         Having 5000 branches in different cities in the UK.
Scenario 1 : FirstNigra bank having 50000 retail customers and 10000 business users. Since most of the customers are from the digital era, they are less interested in the
visiting branch. Most of the individual customers of bank-like to pay their utility bill & some ad-hoc payments using the internet. They want to use the bank to bank transfer only,
which is secured and most trustworthy. 
Scenario 2 : Business users of the bank also prefer online banks to bank transfer, for their business needs.
FirstNigra bank also has around 100 corporate houses, who pay their employees wedges and other expenses, apart from that they receive money on behalf of the product and
services provided by them.
BACS Implementation
FirstNigra bank does not have proper infrastructure and skilled workforce to handle these transactions and associated processes. For that, they have to tie up with one PSP in the
UK.

For handling this transaction and process, PSP have service charges. This increases the operational cost FirstNigra, apart from that they also realize that, for their customers, it
little more time-consuming than usual, in comparison of their other competitor, who is equipped with handling the bulk number of transactions by own.
Overall this process is time-consuming, having high operational cost, and not user-friendly due to which FirstNigra bank started losing its customer day by day.

First Nigra bank is looking for a solution so that they can directly connect with the central bank and handle these transactions by own. By doing this he wants to reduce the
operational cost and improve customer satisfaction.
Customer Persona: Direct Debit / Direct Credit

Lower operational & transactional cost along with enhanced user experience

Persona: ABC is an incumbent bank. Persona: ABC is an incumbent bank.

Operational from last 7 years in UK.
Operational from last 7 years in UK.
Scenario : ABC having 30-40 % of customer who use to pay their utility bill Scenario : ABC have 15 % of his user as business user, and they use to pay the
monthly salary of their employee using check. The business user of ABC feel this
online and for that they use the services provided by PSP/ Challenger /Neo banks .
chque payment as time consuming and complex process.
ABC is looking to implement the BACS direct credit for utility bill payment facilities
ABC is looking to implement BACS direct credit services, for better user experience
to his customer with lower transactional and operational charges and better user
to reduce the total turn around time, reduce operational & transactional cost
convenience
along with better user experience .

Persona: XYZ tech is a power company.. Supply power across major city of
UK. Having business account with ABC bank
.
Persona: John is 35 years old , Working as Doctor .
Scenario : XYZ is having monthly regular receivable from many of small Scenario : John has to pay his utility bill e.g. electricity, internet, gas, every
organization and individuals. XYZ tech customers agreed to auto deduction of
month but due to his forgetful nature and busy schedule , he always miss the
money from their accounts, XYZ is requesting his bank to conduct the auto
payment on time.
deduction of money from his customer account and get it credited to his business
account.
John looking for solution, so that his utility bill payment can auto occur from his
bank account on monthly basis.
ABC is looking for implementation of BACS direct debit services, to address the
XYZ.tech request and in future such requests from his business users.
Customer Persona: Direct Debit / Direct Credit

Persona: Babra food is a bread producer, They purchase the wheat from many Persona: UGroc ltd is a renowned grocery supply chain in UK. Operates in
wheat supplier in UK. major city of UK.
Scenario : UGros purchase the grocery from multiple manufacturer and
Scenario : Babra food has to make the payment of wheat almost weekly basis , producers. Almost every day have supply from multiple producers , but the payment
but every week to different wheat supplier. day for all supplies in a week is Thursday.

Instead of issuing check or cash deposit in supplier account, Babra food wants UGros wants the automated payment system which can accept the transaction
automated system of payment which is cost effective and reduced turn around time request on daily basis and consolidate the all payment of week in single file and
along with User interface . send it for processing on designated day of week..

Persona: UGroc ltd is a renowned grocery supply chain in UK. Operates in

major city of UK.. Persona: John is 35 years old , Working as Doctor .
Scenario :UGros purchase the grocery from multiple manufacturer and
producers. Almost every day have supply from multiple producers , but the payment Scenario : John has to pay his utility bill e.g. electricity, internet, gas, every
day for all supplies in a week is Thursday. They do it by auto sending the payment month but due to his forgetful nature and busy schedule , he always miss the
request to bank payment on time.

There are few incidents where payment instruction sent by UGross having wrong John looking for solution, so that his utility bill payment can auto occur from his
amount or wrong account number due to human error , during payment request bank account on monthly basis.
creation. UGross want the facility where he can recall the crdrit instruction befor
EOD of submission date.
Customer Persona: Direct Debit / Direct Credit

Persona: ABC is a bank. Persona: ABC is a bank.

Operational from last 7 years in UK. Operational from last 7 years in UK.
Scenario : There are many business users of ABC bank who has provided the Scenario : ABC receives 500 request of credit & debit from his different
direct debit of his account according to their business payment schedule e.g. business user account.
employee salary, supplier payment.
ABC wants to notify to his business user whether their request of Credit/Debit
ABC looking for solution where as per their account holder request they can create, accepted or rejected and if rejected what is the reason.
cancel and modify ‘Direct Debit Instruction’ of respective account.

Persona: ABC is a bank. Persona: Bal telecom is a ISP , operating in major city of UK , Having
Operational from last 7 years in UK. business account with ABC
Scenario : ABC bank has been selected as partner from 3 states of UK , that Scenario : Bal telecom has submitted multiple debit instruction with ABC for
means for all 3 state ,pension of different individuals will be credited to their ABC monthly internet charges incur to his customers, so that he can collect the monthly
account charges from his customers.

ABC looking solution where he can process the reversal of amount in case if there Bal telecom wants the notification and reason , if any of his direct debit request get
is any exception in crediting account e.g. account closure, demise of beneficiary failed due to any reason e.g. NSF, account movement.
Story Board: Credit Institution On-Boarding to BACS

Connect With Pay.UK & Review & Sign Legal Build System and Define
Submit Letter Of Intent
Vocal Link Document from Pay.UK Process

Go Live & Conduct 1st Pay.UK Approval For Go Settlement Account with System Testing & Pay.UK
Transaction Live BoE Approval
Story Board: Credit Institution On-Boarding to BACS

EPIC: “Credit Institution on-boarding on BACS network”

“ This feature will solely concentrate on process of onboarding ‘Credit Institute’ on BACS network , which includes Communication system with
BACS network, fulfilling the technical and operational obligation provided by ‘Bacs Payment Scheme Limited’, collaboration of Pay.uk and vocal
link to complete the end to end process.”

Connect With Pay.UK & Vocal Link

Institution/electronic money Institution, I should request the workshop with Pay.UK & Vocal link to understand the complete requirement to become Direct Participant.

Submit Letter Of Intent

As a Bank/Building Society/ Authorized Payment Institution/electronic money Institution, I have to submit the letter of intent, with business cases and project plan to support my request to become Direct Partner of
BACS.

Review & Sign Legal Document from Pay.UK

As a Bank/Building Society/ Authorized Payment Institution/electronic money Institution, I have to review, sign and return the legal document provided by Pay.UK , issued on behalf of my request submitted.

Build System and Define Process

As a Bank/Building Society/ Authorized Payment Institution/electronic money Institution, I have to build system and process to comply with bacs services.

System Testing & Pay.UK Approval

As a Bank/Building Society/ Authorized Payment Institution/electronic money Institution, I have to undertake functional validation of application with Vocal Link and provide the outcome with Pay.uk for approval.

Settlement Account with BoE

As a Bank/Building Society/ Authorized Payment Institution/electronic money Institution, I have to setup the settlement account with BOE.

Pay.UK Approval For Go Live

As a Bank/Building Society/ Authorized Payment Institution/electronic money Institution, I need approval from Pay.UK for developed system to go live.

Go Live & Conduct 1st Transaction

As a Bank/Building Society/ Authorized Payment Institution/electronic money Institution, Once system is live, i have to send or receive one transaction to get my application included for next settlement batch.
Story Board: Direct Credit

Validation Failed

SU PSP
Bacs Bacs
'Direct Credit‘ Data SU PSP
Validation & Processing Issuance of Receipt to
Collection and Message Submit to Bacs Network
by Bacs Originator
Creation.

Bacs Bacs/Dest PSP

Dest PSP
Credit/Debit of Bacs Clearance &
Credit to Receiver
Receiving/Originating Sharing with Destination
Account
FI’s BOE Account FI

Un Applied Credit
Story Board : Direct Credit

EPIC Name : “Direct Credit”

“This feature will enable BACS participant as well as their community/user, to perform the international & domestic 'Direct Credit'
transaction, from one bank account to another bank, electronically. The system will be able to consolidate the transaction request received and
place it to the BACS network. Direct Credit is mostly used for pay wedges, salaries, Pension, State Payment, Bill payment & Ad-hoc
transaction. The feature will include the user interface for transactional data collection from various participants, collection of receipt from
the BACS network, against 'Direct Credit' initiated”
.

Feature Name: 'Direct Credit‘ data collection and message generation.

This feature will enable collection of data for 'Direct Credit' transactions through different user of PSP/ Bank, using UI & Direct submission of
batch file in ISO 2022 specified format.

Stories:
1. As a Direct Settling Participant, I want to initiate domestic 'Direct Credit' request to BACS Network.
2. As a Direct Settling Participant, I want to initiate international 'Direct Credit' request to Bacs Network.
3. As a Direct Non-Settling participant, I want to initiate domestic 'Direct Credit' request to BACS network.
4. As a Direct Non-Settling participant, I want to initiate international 'Direct Credit' request to BACS network.
5. As an Indirect BACS participant, I want to initiate domestic 'Direct Credit' request to my 'Direct Settling Participants'.
6. As an Indirect BACS participant, I want to initiate international 'Direct Credit' request to my 'Direct Settling Participants'.
7. As a Bank account holder/Business User, I want to submit the authorization for domestic 'Direct credit'.
8. As a Bank account holder/Business User, I want to submit the authorization for international 'Direct Credit'.
9. As a Bank account holder/Business user/Indirect participant, I want to create bulk 'Direct Credit' request.
10. As Direct Credit Originator, If my account is not having sufficient balance , I should not be allowed to submit the request.
11. As a Bank account holder/Business user/Indirect participant, I want to submit the 'Direct Credit Request' in ISO 2022 message format.
12. The System should have intelligence to reject the 'Direct Credit' request with invalid data and wrong schema file.
13. The System will have the capability to consolidate all payments instructions received for the day and able to generate payment instruction in ISO 2022 specified format.
14. If I am not singed the agreement as ‘Direct Credit’ originator with my FI, I should not be allowed to place the ‘Direct Credit’ request.
Story Board : Direct Credit

Feature Name: : “Automated submission of 'Direct Credit‘ request to BACS network.”

“This feature will enable the system to auto-submit the 'Direct Credit' request to BACS network.”

Stories:
1. As a system, I want to submit 'Direct Credit' message to BACS network for processing.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Feature Name: “Transaction receipt for 'Direct Credit' payment instruction.”

This feature will provide the system capability to receive the receipt from BACS system, for 'Direct Credit' request submitted.
Stories:

2. As Direct Credit Originator, I want to receive the acceptance/rejection receipt, for 'Direct Credit' batch file (Submitted by me), as a whole with rejection responsive any.
3. As Direct Credit Originator, I want to receive the status of every transactions (Submitted by me) status sent in a batch, whether its rejected or accepted.
4. As Direct Credit Originator, I want to auto-notify the status of each transactions to their originator(Individual user, Indirect participant), with reason, if its rejected.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Feature Name: “Recall of Direct Credit”
This feature enable originator to recall credit instruction before EOD of request initiation date.

Stories:
• As a Originator of 'Direct Credit', I should be able recall my 'Direct Credit' request before EOD of transaction submission date.
• As a Originator of 'Direct Credit', I should be notified for success/failure credit recall.
• As a PSP , I should be able to submit 'Direct Credit' recall to Bacs on behalf of originator/customer.
• As a PSP user. I should be notified by Bacs on 'Credit Recall' status from Bacs Network.
Story Board : Direct Credit

Feature Name: : “Return of incorrect & un applied credit.”

“This future will enable user to initiate the reversal of fund in case of incorrect and un ethical 'Direct Credit' transaction along with auto reversal
of un applied credit.”

Stories:
1. As a Originator of Direct Credit, I can submit refund request in case of wrong amount /incorrect date & frequency of payment.
2. As s Originator Direct Debit, I am expecting the auto reversal of un applied credit, if any.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Feature Name: “Reflection of Direct Credit to respective account..”

This feature will add the capability, to reflect the 'Direct Credit' amount in originator bank account statement as 'Debit‘

Stories:
3. As a Direct Credit Originator, I can view the deducted amount(On behalf of Direct Credit) in my bank statement with short description..
Story Board: Direct Debit

Validation Failed

Authorization Credit To Orig

SU PSP
Bacs Bacs
'Direct Debit‘ Data SU PSP
Validation & Processing Issuance of Receipt to
Collection and Message Submit to Bacs Network
by Bacs Originator
Creation.

Bacs Bacs/Dest PSP

Dest PSP
Debit/Credit of Bacs Clearance &
Debit to Receiver
Receiving/Originating Sharing with Destination
Account
FI’s BOE Account FI

Un Applied Debit
Story Board : Direct Debit

EPIC Name : “Direct Debit”

“This feature will enable BACS participant as well as their community/ user, to perform the international & domestic 'Direct Debit'
transaction, from one bank account to another bank electronically. The system will be able to consolidate the transaction request received and
place it to the BACS network. Direct Debit is mostly used for money collection by corporates and utility bill payments by individuals and
corporates houses.
The feature will include the user interface for transactional data collection from various participants, collection of receipt from the BACS
network, against 'Direct Debit' initiated.”
.
Feature Name: 'Direct Credit‘ data collection and message generation.
This feature will enable collection of data for 'Direct Credit' transactions through different user of PSP/ Bank, using UI & Direct submission of
batch file in ISO 2022 specified format.

Stories:

1. As a Direct Settling Participant, I want to submit domestic 'Direct Debit' request to BACS Network.
2. As a Direct Settling Participant, I want to submit international 'Direct Debit' request to Bacs Network.
3. As a Direct Non-Settling participant, I want to submit domestic 'Direct Credit' request to BACS network.
4. As a Direct Non-Settling participant, I want to submit international 'Direct Credit' request to BACS network.
5. As an Indirect BACS participant, I want to submit domestic 'Direct Debit' request to my 'Direct Settling Participants'.
6. As an Indirect BACS participant, I want to submit international 'Direct Debit' request to my 'Direct Settling Participants'.
7. As Service user, My ‘Direct Debit’ request will get rejected from FI , if have not submitted the ‘Direct Debit’ authorization.
8. As a Bank account holder/Business User, I want to submit the authorization for domestic 'Direct Debit' transaction.
9. As a Bank account holder/Business User, I want to submit the authorization for international 'Direct Debit 'transaction.
10. As a Bank account holder/Business user/Indirect participant, I want to create bulk 'Direct Debit' request.
11. As a Service provider, I want to create the 'Direct Debit Instruction' request for monthly payment collection, from consumer account.
12. As a Bank account holder/Business user/Indirect participant, I want to submit the 'Direct Debit Request' in ISO 2022 message format.
13. The System should have intelligence to reject the 'Direct Debit' request with invalid data and wrong schema file.
14. The System will have the capability to consolidate all payments instructions received for the day and able to generate payment instruction
in ISO 2022 specified format.
Story Board : Direct Debit

Feature Name: : “Automated submission of 'Direct Debit‘ request to BACS network.”

“This feature will enable the system to auto-submit the 'Direct Debit' request to BACS network.”

Stories:
1. As a system, I want to submit 'Direct Credit' message to BACS network for processing.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Feature Name: “Transaction receipt for 'Direct Debit' payment instruction.”

This feature will provide the system capability to receive the receipt from BACS system, for 'Direct Credit' request submitted.
Stories:

2. As Direct Debit Originator, I want to receive the acceptance/rejection receipt, for 'Direct Debit' batch file (Submitted by me), as a whole with rejection reason, if any.
3. As Direct Debit Originator, I want to receive the status of every transactions (Submitted by me) status sent in a batch, whether its rejected or accepted.
4. As Direct Debit Originator, I want to auto-notify the status of each transactions to their originator(Individual user, Indirect participant), with reason, if its
rejected.--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
----------
Feature Name: “Return of incorrect & un applied Debit.”
This feature will enable user to initiate the reversal of fund in case of incorrect and un ethical 'Direct Debit' transaction along with auto reversal of un
applied Debit.
Stories:
5. As a Originator of Direct Debit, I can submit refund request in case of wrong amount /incorrect date & frequency of payment.
6. As a Receiver of Direct Debit, I can submit refund request in case 'Direct Debit' applied to me without prior notification.
7. As s Originator Direct Debit, I am expecting the auto reversal of un applied debit, if any.
8. As a payer bank , I should be able to create Indemnity claim to SU.
9. As a paying bank, I should not be able to raise Indemnity claim .
Story Board : Direct Debit

Feature Name: : “Modify Direct Debit Instruction.

“This feature enable, modification of DDI for receiver.”

Stories:
1. As a receiver of recurring 'Direct Debit', I want to modify the modify the payment frequency of DDI.
2. As a receiver of recurring 'Direct Debit', I want to modify the modify the payment Amount of 'DDI'.
3. As a receiver of recurring 'Direct Debit', I want to cancel DDI'.
4. As a originator of DDI, I am expecting notification, in case of any modification cancelation occurred on DDI.
5. As a originator of DDI, I want to cancel DDI request.
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Feature Name: “Reflection of Direct Debit to respective account..”

This feature will add the capability, to reflect the 'Direct Debit' amount in originator bank account statement as 'Debit‘

Stories:
6. As a Direct Debit Originator, I can view the added amount(On behalf of Direct Debit) in my bank statement with short description..
7. As a Direct Debit receiver, I can view the deducted amount(On behalf of Direct Debit) in my bank statement with short description..