Limits

Limits refer to thresholds and caps placed on transaction volumes and amounts for various transaction types or capture modes (ATM, POS, eCommerce etc.) or collectively, Banking.Live's Rules Engine supports the following limit types:

Transaction limits

• Limits the number of transactions, regardless of the amount.
• Caps on the number of transactions allowed in a given period to prevent abuse.

Volume limits

• Limits the total payment volume or value across transactions.
• Used to restrict high overall throughput such as daily, weekly, monthly volumes.

Payment amount limits

• Limits the amount allowed on a single transaction.
• Used to prevent large payments that may be considered a risk.

Velocity Limits

• Limits the pace or frequency of transactions, such as daily withdrawals.
• Used to prevent sudden spikes in activity that may be suspicious or unusual.

How can I implement a limit?

If you are looking at using Banking.Live's Rule Engine to set any of the aformentioned limit types, you can discuss this with our Implementation Team during onboarding.

Alternatively, if you are already live, you can reach out to your Client Executive or raise a ticket on our Customer Support platform.

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TIP

• You may find your UAT PayControl access rights allow you to test limit type rules.
• Limit type rules are documented on your PSF. More info on PSF can be found here.