What's changing | How it's changing | |||||||||
Returns from clearing – RTGS | Payment returns from RTGS clearing will be automatically applied back to your account. | |||||||||
New Purpose of Payment Code – RTGS | A new purpose of payment code is being introduced:
This code should be used when purpose of payment is to purchase goods or pay for imports. | |||||||||
J.P. Morgan Transaction Reference Number – RTGS | The new reference number format will be 12 alphanumeric characters with no fixed values. This replaces the current 12-character format that has the first two characters fixed as ‘FT’ followed by 10 alphanumeric characters. | |||||||||
Transaction Narrative – RTGS | The narrative structure will be enriched as below.
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24/ 7 Initiation – SADAD bill payment | SADAD payments will be supported 24 hours a day, seven days a week, with the exception of any scheduled downtime periods. | |||||||||
Transaction Narrative – SADAD | The narrative structure will be enriched. We’ll provide more information as it becomes available | |||||||||
Enhancement of functionalities available on J.P. Morgan Access® – RTGS | ||||||||||
Enhancement of SADAD bill payment initiation on J.P. Morgan Access® | ||||||||||
Introduction of validations on Host-to-Host files and API |