Quick way to receive simulated payment status and account reports
When bank clients use payments products, they can expect to receive files from the bank providing information on status of payments and on accounts. These files can include notifications of accepts, rejects and returns from the bank as well as from the clearing systems.
Clients need to prepare their systems and processes to use these files. They need a quick and easy way to understand the format and content of the files. The best way to do this is to provide example files to the client that contains the client’s own data. One approach is to pull example files from the production system and send these to clients. But with this approach, it can be difficult to show the variety of files that the client may receive, especially for payments rejects.
The Simulator is used by bank clients to create realistic bank response files, for example payment status reports, based on their own payments data.
File formats supported
Example – Account Report simulation
The client selects the “Account Report” simulation scenario. They upload ISO 20022 pain.001 credit transfer files containing payment transactions, and choose an opening balance for the account. The simulator creates camt.053 and MT940 account statements, and a camt.054 credit/debit notification using the opening balance and the account and payment transaction information in the uploaded files.
Want to see a live demo?
Request a Simulator demo by filling out the form below. After your submission we will get in touch with you and suggest a suitable date and time for your demo.