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Batch Confirmations: A Simple Way To Confirm Payments

Batch confirmations provide a simple way to confirm payments through an end-of-day export file from a payment application, without requiring IT development. This reduces implementation efforts and provides an automated solution to universally confirm payments. Options for confirming payments include manually using the Basic Tracker, sending MT 199 messages, using an API, or submitting batch confirmation files in CSV format, with most payment applications able to generate the required files.

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68 views

Batch Confirmations: A Simple Way To Confirm Payments

Batch confirmations provide a simple way to confirm payments through an end-of-day export file from a payment application, without requiring IT development. This reduces implementation efforts and provides an automated solution to universally confirm payments. Options for confirming payments include manually using the Basic Tracker, sending MT 199 messages, using an API, or submitting batch confirmation files in CSV format, with most payment applications able to generate the required files.

Uploaded by

swift admin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Universal Confirmations

Alliance Access, Entry and AMH users

Batch
confirmations
a simple way to
confirm payments
Why
Strategic planning will
go a long way when it
comes to implementing
payment confirmations by
November 2020.

Both manual and automated Benefits of batch confirmations

channels are available to Reduce the implementation effort to a


confirm payments to the simple end-of-day export file from your
payment application
Tracker, dependent on
payments volumes and No need for IT development as most
applications have a built-in feature to
organisational preferences. generate an export file for posting

Batch confirmations allow An automated solution for universal


a single end-of-day report confirmations of payments, limiting
the manual effort required to manage
of multiple payments to exceptions when the payment cannot
the Tracker, informing all be credited immediately

parties in the payment chain


of the final status of the
transactions.
What
Options for sending a confirmation
For all MT 103 payments received, you will need to send a payment status confirmation
to the Tracker. The following options are not mutually exclusive. They can be used in
combination, depending on local architecture or operational preferences.

Manually with the Basic The Basic Tracker allows you to see all your incoming payments and
Tracker confirm them via a single user interface.
See all details on swift.com Basic Tracker page

MT 199 Simplified MT 199 syntax with structured content for confirmations


sent to the Tracker to confirm credit or provide a status update on the
payments. For each received MT 103 you need to send a MT 199.

API A single API to update the Tracker is available to all, with the same
number of fields as the MT 199 and REST/JSON. For the API to SWIFT
connection you need to acquire and install the gpi Connector.

ISO 20022 A SWIFT XML based on ISO 20022 message equivalent to the MT 199
will be supported to update the Tracker in 2021. Details will be provided
on swift.com at the end of 2020.

Batch confirmation Most payment applications have the built-in ability to issue end-of-day
reports in flat files. To confirm payments, SWIFT accepts CSV format
where each line confirms one payment. Alliance interfaces will convert
this file into individual Tracker updates as of July 2020. The CSV format
specification can be downloaded here.

Find out more:


www.swift.com/confirm
How Batch confirmations for
STP payments

Step-by-step
Payment
1 Every MT 103 payment
1 confirmation
received will be processed in a
payment application, which will
update the general ledger on
the payment value date
2 The payment system generates
CSV files regularly or in an end-
of-day report to confirm the
1 MT 103 status of the daily processed
transactions
Alliance Access
/ Entry 3 The CSV file(s) will be
CSV
Payment processed by the Alliance
MT 199 application interface and converted to
individual payment updates in
the Tracker
4 3 2
4 Depending on the step 2 , the
Tracker is immediately updated
or as soon as the payment
Batch confirmations use an STP flow that you can combine with the Basic Tracker GUI
application has performed a
to manage exceptions. bulk of credit operations or at
the end of the day. The Tracker
is informed via MT 199.

Timeline Visit swift.com/confirm for more information


Key milestones will take place on the following timescale: on the CSV format and a step-by-step
implementation and test guide.
Available now –– CSV specifications here
–– Readiness Portal for confirmations operational Are you ready for batch confirmations?
–– Basic Tracker GUI, live You can check if your CSV data format
July 2020 –– Release of Alliance Access/Entry with built- complies at MyStandards Readiness Portal.
in batch confirmation functionality* Log in to MyStandards and upload your CSV
–– SR 2020 mandatory confirmations, test file for an immediate validation result.
phase
SWIFT is a member-owned cooperative, providing secure financial
November 2020 –– SR 2020 mandatory confirmations, go-live
messaging services to more than 11,000 organisations, across
the financial ecosystem, in almost every country in the world. For
* Alliance Access & Entry 7.5 & 7.4.50 nearly five decades we have delivered certainty, continuity and
AMH 3.x or 4.0 via consulting services excellence by constantly evolving in an everchanging landscape.
Other FIN interfaces and payment applications, consult your supplier In today’s fast moving, increasingly connected and challenging
world, this approach has never been more relevant.
www.swift.com

57460 - March 2020

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