Revolving Credit Lifecycle

The credit platform manages and tracks the account lifecycle.

• Account creation, setting up account based on product and account settings
• Transaction authorisation, approving card spend based on limits and rules
• Daily processing, calculation of interest and updating account status
• Repayment, updating balance and repaying debt based on repayment hierarchy
• End of cycle processing, generating statements and updating account status
• Delinquency, tracking overdue amounts