| Id: | 17873 |
| Product: | finPOWER Connect |
| Type: | FIX |
| Version: | 3.04.00 |
| Opened: | 24/02/2021 |
| Closed: | 01/03/2021 |
| Released: | 30/06/2021 |
| Job: | J026034 |
 Breaking Change |
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Revolving Credit Loan Account; Payment Standard Transaction may fail to process
A Payment Standard Transaction for a Revolving Credit Loan Account fails to process if there has already been a payment processed on or after the date of the Standard Transaction.
This logic was meant to prevent an expected Payment being shown in the future Schedule for the Account. However, this inadvertently also means the payment due was not processed.
In addition, a change has been made so if the Standard Transaction is paid by Direct Debit it will be treated still expected even if there is a Payment date on or after the Standard Transaction.
Note, for Revolving Credit Loans, typically the only transaction that increases the overdue balance is the Minimum Payment. However, Standard Transaction Payments are treated as outside of Minimum Payments, and therefore the Payment Due (i.e. which affects Overdue) will be posted.