How to Process Payment Acknowledgement from Clearing House (Level 2)
As per the note 1493240.1, the current functionality supports to process Level 1 Acknowledgement i.e. Syntax Level Validation done at Bank End. Through this we will be able to know whether the individual transactions are accepted or not by the bank but that doesn't guarantee that the payment will get actually processed at later/clearing stage.
Once the transactions cleared at Level 1 , then they go for clearing house for further processing. At this stage few transactions might get rejected, which is called Level 2 Validation. The Level 2 acknowledgment is the only way to know whether the payment got debited from our bank or not.
Once the transactions cleared at Level 1 , then they go for clearing house for further processing. At this stage few transactions might get rejected, which is called Level 2 Validation. The Level 2 acknowledgment is the only way to know whether the payment got debited from our bank or not.
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