Outgoing Faster Pament - CAMT 028 - Additional Information

A CAMT 028 Faster Payments message is intended to provide further information on an existing payment. It would typically be sent as a follow up if more information is requested for a payment. This is a non-value message.

All optional steps are marked Optional at the beginning of the step.

Section 1 - Wire Detail

Connection to Existing Payment is Required

When entering a CAMT 028 payment message, there must be a connection to an existing payment in Beastro. The “Find Payment” box must be utilized for this type of message.

1. Navigate to Money Movement

2. Click the Faster Payments tab

3. Select Outgoing Faster Payment

4. Click Create New Payment

5. Enter the Bank Identification number for the Instructed Agent (typically a routing number)

6. If a Pre-Authorized Template will be used, select from dropdown

7. Select Business Function Code CAMT 028

8. Select Type Code

   1. Will auto-fill as FDNA - Fednow

9. select the Find Payment button to auto-fill the Original Transaction fields

   1. Find Payment tab defaults to Incoming

   2. Provide filtering information in the column headers to narrow results

   3. Click the radio button of the wire to return

   4. Click Apply Selected

10. Enter the Information Response Effective Date

11. Enter the Information Request Amount (optional)

12. Click Next Step

Section 2 - Debtor

1. Select Originator/Debtor type:

   1. Organization

      1. If provided, include Business Identification Code (BIC) - may use the BIC Search button to auto-fill information

      2. Name - complete if BIC information is not utilized

         1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

         2. If provided and/or required by the wire instructions, optional address information may be provided by clicking the Add Address checkbox

   2. Person

      1. Name - complete

         1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

         2. If provided and/or required by the wire instructions, optional address information may be provided by clicking the Add Address checkbox

2. Provide Account Information

   1. Account Identification

      1. May be an account number or other form of identification

   2. Account Identification Type (optional)

      1. In most cases may be BBAN - BBAN Identifier

      2. Other options:

         1. AIIN - Issuer Identification Number

         2. IBAN1 - International Bank Account Number

         3. CUID - CHIPS Universal Identifier

         4. UPIC - UPCI Identifier

         5. Account Identification Type Proprietary - enter custom type

      3. Optional - If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Additional Information checkbox

3. Optional - Provide Initiating Party information

   Used only when different from Debtor; party that initiates the payment the credit transfer on behalf of the debtor

   1. Click the blue dropdown arrow to select, and then provide information

      1. Provide Name, Address, and additional Identification, as noted by payment instructions

4. Optional - Provide Ultimate Debtor information

   Ultimate party that owes an amount of money to the (ultimate) creditor

   1. Click the blue dropdown arrow to select, and then provide information

      1. Provide Name, Address, and additional Identification, as noted by payment instructions

5. Click Next Step

Section 3 - Final Credit

1. Receiving ABA/Instructed Agent

   Confirm this number is correct before proceeding. This will be the routing number for the FI receiving the payment.

2. Creditor Agent

   1. If the same as Receiving ABA, select the Same as Instructed Agent radio button

      1. If selected, information will auto-fill

   2. Identification

      1. If provided, include Bank Identification Code (BIC) - may use the BIC Search button to auto-fill information

      2. Legal Entity Identification (optional) - may include if provided by payment instructions, legal entity identifier of the financial institution

         1. If provided and/or required by the payment instructions, optional address information may be provided by clicking the Add Address checkbox

3. Creditor

   1. Select Beneficiary/Creditor type:

      1. Organization

         1. If provided, include Business Identification Code (BIC) - may use the BIC Search button to auto-fill information

         2. Name - complete if BIC information is not utilized

            1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

            2. If provided and/or required by the wire instructions, optional address information may be provided by clicking the Add Address checkbox

         3. Person

            1. Name - complete

               1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

               2. If provided and/or required by the wire instructions, optional address information may be provided by clicking the Add Address checkbox

            Provide Account Information

            1. Account Identification

               1. May be an account number or other form of identification

            2. Account Identification Type (optional)

               1. In most cases may be BBAN - BBAN Identifier

               2. Other options:

                  1. AIIN - Issuer Identification Number

                  2. IBAN1 - International Bank Account Number

                  3. CUID - CHIPS Universal Identifier

                  4. UPIC - UPCI Identifier

                  5. Account Identification Type Proprietary - enter custom type

               3. Optional - If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Additional Information checkbox

                  1. Account Proxy Name (optional)

                     1. Account Proxy Name Type - dropdown may be utilized

                     2. Account Proxy Name Type Proprietary - may be utilized to enter cutom information

4. Optional - Ultimate Creditor

   The ultimate party to which an amount of money is due

   1. Click the blue dropdown arrow

      1. Select Ultimate Creditor type:

         1. Organization

            1. If provided, include Business Identification Code (BIC) - may use the BIC Search button to auto-fill information

            2. Name - complete if BIC information is not utilized

               1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

               2. If provided and/or required by the wire instructions, optional address information may be provided by clicking the Add Address checkbox

         2. Person

            1. Name - complete

               1. If provided and/or required by the wire instructions, optional additional identification information may be provided by clicking the Add Identification checkbox

               2. If provided and/or required by the wire instructions, optional address information may be provided by clicking the Add Address checkbox

5. Click Next Step

Section 4 - References

1. Optional - Provide Creditor Reference

   1. Optional - Select Purpose for Wire, or create custom Purpose for Wire Proprietary

Section 5 - Remittance Information

1. Optional - Remittance Information

   1. Select radio button to indicate if Remittance Information is:

      1. Summary

         Information supplied to enable the matching/reconciliation of an entry with the items that the payment is intended to settle, such as commercial invoices in an accounts’ receivable system, in an unstructured form

         1. Entry summary information, up to 140 characters

      2. Details

         1. Extensive information may be included by selecting the blue dropdown arrows and providing various information in the sections provided:

            1. Remittance Information - Information supplied to enable the matching of an entry with the items that the transfer is intended to settle, such as commercial invoices in an accounts’ receivable system

            2. Referred Document Information - provides the identification and the content of the referred document

            3. Referred Document Amount - provides details on the amounts of the referred document

            4. Creditor Reference Information - reference information provided by the creditor to allow the identification of the underlying documents

            5. Invoicer - identification of the organization issuing the invoice, when it is different from the creditor or ultimate creditor

            6. Invoicee - identification of the party to whom an invoice is issued, when it is different from the debtor or ultimate debtor

            7. Tax Remittance - provides remittance information about a payment made for tax-related purposes

            8. Garnishment Remittance - provides remittance information about a payment for garnishment-related purposes

      3. Sent Separate from Payment

         1. Indicate how remittance information was sent:

            1. EDIC - Electronic Data Interchange

            2. EMAL - E-mail

            3. FAXI - Fax

            4. POST - Post

            5. SMSM - SMS

            6. URID - Uniform Resource Identifier - a compact string of characters that uniquely identify an abstract or physical resource; the super-set of identifiers, such as URLs, email addresses, ftp sites, etc, and as such, provide the syntax for all of the identification schemes

2. Click Next Step

Section 6 - Review

Once all sections have been completed, the User will review all payment detail. If any errors are detected at this time, the User may update the information from this screen or go back and navigate through all screens to make the correction(s).

After wire entry has been reviewed, click Create.

A second User will need to verify the payment.