[jira] [Created] (FINERACT-916) New Type Of Charge Time Type

["Saransh Sharma (Jira)" <ji...@apache.org>]

Saransh Sharma created FINERACT-916:
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             Summary: New Type Of Charge Time Type
                 Key: FINERACT-916
                 URL: https://issues.apache.org/jira/browse/FINERACT-916
             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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