|
Parameter |
Deferred debit/Charge cards |
Revolving credit cards |
Description |
|
Closure calendar |
X |
X |
Is mandatory and used to calculate all cycles including closure date and all related events per cycle (statement issuing date, payment due date, etc) |
|
Minimum payment amount |
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|
Full payer |
X |
- |
Customer has to repay its full statement balance every month/cycle |
|
Partial payer |
- |
X |
Can be % of statement balance, fixed amount, % of statement balance with a minimum fixed amount (e.g. 50% and minimum of 2.000 SEK) |
|
Grace period |
- |
X |
Whether balance is fully repaid by grace period end date then debit interest amount is waived |
|
Debit Interest |
- |
X |
If debit interest rate is set then calculated on payment balance |
|
Statement |
X |
X |
Statement raw data are prepared at cycle closure date and can be provided to an output management service (file) or via web service (online) |
|
Delinquency |
optional |
optional |
At payment due date or upcoming cycle closure date card account can become delinquent (usually activated if customer pays from an external bank account) |
|
Payment method: direct debit, self-payer |
X |
X |
The customer can be debited from its bank account (Direct debit) or as self-payer he/she has to transfer the money from its own bank account to its card account to repay its card account |
|
Credit installment |
optional |
optional |
It is possible to convert a transaction (already posted to card account), an online approved authorization, the statement balance into a credit installment plan. It is also possible to open a credit installment to transfer money to an external bank account |
|
Credit interest |
optional |
optional |
Possibility to calculate credit interest from credit balance for each month/cycle |
|
Incoming fund transfer |
|
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From external bank account by customer |
X |
X |
|
|
Direct debit on demand from issuer side |
X |
X |
|
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Outgoing Credit transfer |
|
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|
At cycle closure date |
optional |
optional |
|
|
Daily basis |
optional |
optional |
|
|
Contract termination |
optional |
optional |
|
|
Card termination |
optional |
optional |
|
|
On demand (credit balance only) |
optional |
optional |
|
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On demand from Open-to-buy |
optional |
optional |
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