This repository houses the interactions, consultations and work management to support the maintenance of baselined components of the Consumer Data Right API Standards and Information Security profile.
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Ability to identify pre-authorisation transactions #579
In certain scenarios, a pre-authorisation, or 'hold' on funds may be applied to an account as a transaction.
It appears that some banking systems may record these transactions with a PENDING status (where they may later be removed), and others may classify them as POSTED (where they may later be reversed).
Apart from the status and possibly the description field, there are currently no other structured fields to clearly label what could be a 'pre-authorisation' transaction.
Consider the need for such a field and the following possible options -
"isPreAuthorisation": true, - this could be a Boolean similar to isDetailAvailable
"type": "PRE_AUTHORISATION", - this could be a string enum, extending the existing list. It would need to be confirmed if this would be replacing other relevant data already provided by the enum.
Description
In certain scenarios, a pre-authorisation, or 'hold' on funds may be applied to an account as a transaction.
It appears that some banking systems may record these transactions with a PENDING status (where they may later be removed), and others may classify them as POSTED (where they may later be reversed).
Apart from the status and possibly the description field, there are currently no other structured fields to clearly label what could be a 'pre-authorisation' transaction.
Area Affected
BankingTransaction schema, part of the Get Transactions For Account endpoint.
Change Proposed
Consider the need for such a field and the following possible options -
"isPreAuthorisation": true,- this could be a Boolean similar toisDetailAvailable"type": "PRE_AUTHORISATION",- this could be a string enum, extending the existing list. It would need to be confirmed if this would be replacing other relevant data already provided by the enum.