Saransh Sharma created FINERACT-917:
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Summary: New Type Of Charge Time Type
Key: FINERACT-917
URL: https://issues.apache.org/jira/browse/FINERACT-917
Project: Apache Fineract
Issue Type: New Feature
Components: Charges, Savings
Affects Versions: 1.4.0
Reporter: Saransh Sharma
A charge time type element has to be developed in Fineract. This event is
similar to other events of a banking cycle such as Withdrawal, disbursement,
account activation(for eg savings activation) The time type is association with
Fund Transfer action.
The event is associated with a following specific scenario to Merchant (M) and
his Merchant Account (MA). Merchants can hold multiple account by Fineract
definition I.E MA1, MA2
# Whenever a Merchant Account(MA)receives Fund via Transfer from other
existing customer accounts in Fineract.
# Not applicable if MA receives fund via Deposit.
# Not applicable if MA receives fund via a reversal of a txn from its own MA
account.
# Not applicable if MA1 receives fund from MA2 i.e from one account of same
Merchant to another. The Non-applicability is also extended if MA receives fund
from other merchants for eg- Merchant 1 receives from Merchant 2 via an inter
account txn such as Merchant1A/C -Merchant2A/C
This feature can be called as Fund transfer time type. When a Charge is
configured with this time type, the Said charge will Calculate and post this
charge to Merchant Account and will obviously show in Charges.
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