Intercept Fee Setup

Intercept Fee Setup (INTF) defines the types of fees that will be charged when payments are intercepted. Fees are defined by Debt Type/Entity, and can be setup as either a flat fee, or as a percentage of the debt being intercepted. Percentage based fee is not supported in the current version. This table allows you to establish intercept minimums for the charging of fees. Two different minimums can be setup on the Intercept Fee table.  

• If an Intercept Fee is setup as a percentage, minimum fee amount and maximum fee amount fields control the smallest and largest intercept fees that can be charged.

• A minimum debt amount can also be established to define the threshold amount at which a fee is charged regardless of the type of fee (flat fee or percentage).

• CoA elements to record the Intercept Fee on the IT transactions.