Confirming Transactions

Confirming Transactions link arrow_upward

Confirming a transaction is the paperless equivalent of signing a docket.

1. Expand Operations within the navigation menu, open Transactions page.
2. Enter a 'loan received' or 'transfer on' transaction, or process a submitted 'on' pending transaction.
3. If the sending trading partner uses 2ic Pallets, the transaction record will automatically populate the same confirmed timestamp and receipt number in ours and their database.
4. If the sending trading partner does not use 2ic Pallets, clicking the confirm button will open the email tool with a link to the online docket. The email changes slightly based on the transactional data:
   • Compliant data: Data with no problems; "please review the confirmed online docket."
   • Non-compliant data: Non-compliant data is when our trading policy's receiver reference requirement is not adhered to; "please review the online docket and provide compliant data."
   • Changed data: Data that has been changed from the original transaction; "please review changes in the confirmed online docket."

info

• Automatic confirming is configured by default.
• A submitted pending transaction is 'processed' by accepting, cancelling, or matching & updating. When automatic confirming is configured, processing will also confirm the transaction.
• Processing and confirming are independent functions, but processing adds or updates a transaction, and when it is an 'on' transaction, any change populates the confirmed timestamp.