Transaction routing in finance directs financial transactions between entities, ensuring smooth fund flow and efficient payment processing. It determines the optimal path based on factors like cost, speed, security, and reliability. Organizations minimize costs, reduce risks, and enhance efficiency by selecting the right route.
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Important Notes:
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Steps for enabling/disabling smart routing for specific clients or account
Smart routing needs to be enabled at the Netvalve level:- By default, the global flag for smart routing is enabled within the Netvalve microservice.
Smart routing needs to be enabled at the Client/Account level:- Smart routing functionality is disabled by default for specific clients/accounts. To enable smart routing for a particular client/account, the flag needs to be set via the Back Office Portal by a Netvalve Admin. Please contact the Netvalve Admin to request the activation of smart routing for your client/account.
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Smart routing retry needs to be enabled at the Netvalve level:- The global flag for smart routing is set within the Netvalve microservice, and by default, it is disabled.
Smart routing retry needs to be enabled at the Client/Account level:- Smart routing for specific clients/accounts can be enabled via the Back Office Portal by a Netvale Admin. By default, this feature is disabled. Please reach out to the Netvalve Admin to request the activation of smart routing for your client/account.