Contactless Payment Processing and Settlement Workflow

Início do fluxo de trabalho/processo.

Retrieve all unprocessed payment entries from the Transaction Data Model.

Update the status of the retrieved transactions to prevent duplicate processing.

Fetch merchant-specific fee structures and settlement bank details from the Merchant Data Model.

Calculate the processing fee by applying the merchant's percentage rate to the transaction amount.

Subtract the calculated fees and taxes from the gross transaction amount to determine the final payout.

Aggregate the total value of all processed transactions to determine the total daily settlement batch size.

Create a high-priority task for the Risk Management team if a transaction exceeds a specific threshold.

Create a new entry in the Settlement Batch Data Model containing the aggregated totals and transaction references.

Update the newly created settlement batch status to indicate it is ready for bank transfer.

Assign a task to the Finance Officer to review and authorize the daily settlement batch.

Mark the settlement batch as 'Settled' once the finance approval task is completed.

Send an automated email to the merchant with a summary of the settled amount and fees deducted.

Send an SMS alert to the security lead if any transaction was flagged during the Fraud Verification Task.

Create a PDF/CSV report comparing processed transactions against bank transfer logs for the day.

Update all individual transaction entries to 'Completed' status after successful batch settlement.

Fim do fluxo de trabalho/processo.