Working with Hong Kong Faster Payments System (HK FPS)

This section helps the user to understand the working of Hong Kong Faster Payment System (HK FPS).

Capturing a HK FPS Payment Manually

The user can initiate an HK FPS payment in PO application. To perform this, do the following:

1. Go to User Menu>Payments>Payment Order>Input Payment Order>Payment Order HK FPS.



The user can initiate both instant (Type C1) and near-real time instant (Type C2) payment using the Payment Order page.
2. Enter the required details in the following fields:

Field Name (Label)	Type	M/O	Remarks
Main Version Page
Payment Order Product	Fixed value ‘HKFPSINST’	M	Defaulted and disabled
End to End Reference	Text	O	Allows maximum of 35 characters
Payment Type	INST or INSTNT01	M	Select one of the following: INST – Type C1 payment INSTNT01 – Type C2 payment
Payment Sub Type Code	PERFORM_PYE_VR or SKIP_PYE_VR	M	Select from the drop-down
Payment Amount	Amount and currency	M	Select the currency as one of the following: HKD or CNY Does not allow the user to select other currencies.
Payment Date	Date	M	Defaulted to current business date and disabled Mapped to Acceptant Date Time, Credit Value Date and Debit Value Date field in the PO application. When mapping to Acceptant Date Time field, use the current time (though time is not used for processing)
Instructed Amount	Amount and currency	O	Allows to choose only non HKD or CNY currencies
Exchange Rate	Rate	O	System calculated
Initiating Party	Organisation or private identification	O
Originating Customer Address		O	Allows maximum of 70 characters
Originating Customer Name		M	Allows maximum of 40 characters
Originating Customer Account Number	Local account number	M	Allows maximum of 34 characters
Originating Customer Account IBAN	IBAN	O
Originating Customer’s Bank (NCC)	Clearing code	M
Originating Customer’s Bank	BIC	O
Beneficiary ID	Standard Temenos Transact field	O	Select from the drop-down
Beneficiary’s Bank NCC	Clearing Code	M
Beneficiary’s Bank BIC		O
Beneficiary’s Address		O	Allows a maximum of 70 characters
Beneficiary Account No	Account Number	C	This field is mandatory, when the Alias Type field is set as BBAN. If not, it is not mandatory.
Beneficiary’s Proxy ID	Credit Card Number, Mobile Number, Emai ID or FPS ID	C	Allows maximum of 34 characters This field is not mandatory, when the Alias Type field is set as BBAN. If not, it is mandatory.
Beneficiary Account IBAN	IBAN	O
Beneficiary Proxy id type	Can be selected	M	BBAN, AIN, EMAL, MOBN or CUST Allows only BBAN, and CUST and AIN for manual capture Mapped to Alias Type field
Beneficiary Account Name		M	Allows maximum of 40 characters
Purpose of Payment	Drop-down with predefined set of ISO purpose codes	O
Charge Details (Sub Tab)
Charge Bearer	SHA	M	Defaulted to PO application product setup
Charges	Amount and currency	C	System calculated (through TPH simulation)
Remittance Information (Sub Tab)
Remittance Information(Unstructured)	Free text	O	Allows maximum of 140 characters
Regulatory Reporting Information	Free text	O	Allows maximum of 35 characters
Remittance Info Structured - Creditor Reference	Free text	O	Allows maximum of 35 characters
Ordering Party Reference		O	Free text (35)

Viewing HK FPS Payments

The user can perform the following with the HK FPS payments:

• View by using the standard enquiry ‘Pending and Processed Payments’.
• Filter by searching with Channel as HKFPSINST.

The user can view the payment and related details with the help of the following icons in the Enquiry page:

Viewing the Incoming Return Payment

The user needs to perform the following actions:

1. On receiving the incoming return payment from HK FPS for an outgoing payment, it marks the original payment as returned and creates a new return payment is created.
2. To view the return payment in the existing Pending and Processed Payments page, search for the Channel as HKFPSINST and Status Code as 996.

Understanding the HKFPSINST Reachability

Examples are provided below.