The Target Settlement Rate Assignment table is used to define Third Party Target Settlement rates. As accounts are referred to third parties, accounts go through the assignment process to determine the target settlement rate. The rules are analyzed to determine if the account meets any of the target settlement rate rules or assigned the default from the Third Party Definition table. When a rule is met (or the default is used), the primary record for the account is updated with the target settlement rate and the re-evaluation frequency days.
Rule Assignment Logic: The browser allows up to 25 rule criteria to be specified for each rule with their corresponding From/To ranges as well as a rule description. Each criterion includes an Operator that determines the type of calculation, the operators consist of ranges and Booleans. The browser also provides the selection of And/Or processing for each criterion. If ‘AND’ is selected, the system uses And conditions to join this row with the following row. If ‘OR’ is selected, the system uses Or conditions to join this row with the following row. As a result of not having a following row to logically relate to, the last row must contain spaces for the And/Or value.
Related Topic