Cash installment and asset installment transaction will be done through EDC or PC terminal, as separate function. (Asset installment will use flexi menu while creating new menu for cash installment). It will indicate installment transaction upon interface/ticker to SCS. Also, the relevant values, inclusive of tenor, pricing, original amount, promotion type and product code, will be sent to SCS . The installment transaction will be shown as cash advance transaction with TC 07, via SCS acquiring. MDR shall be remained. Moreover, EDC or PC terminal will send field 63 which indicate whether this transaction is asset installment or cash installment. By this, EDC or PC terminal shall be able to differentiate transaction among credit card or revolving loan even on the same product code and merchant in order to see different portfolio performance.
The transaction will be posted on the regular RL statement, while apply the current cycle cutoff and due date as per bellowed