SAM80040 | Payments: payments overview: payment update of SA customer records

The batch function PROCESS PAYMENTS receives details of most payments processed by DM Banking in a single day and stores them on the database.

SA payments are identified and posted to customer and management accounts. The process uses automatic allocation rules to determine which liabilities to set payment against.

The allocation of payments causes a review of the interest position. Where an interest bearing liability is cleared by late payment, an interest charge is created.

More information on the update of customer records on receipt of a payment is available in the Debt Management & Banking Manual DMBM210750.