Velocity rules
We can configure for you the below velocity rules to detect unusual activities. There rules set limits on the frequency and amount to identify and prevent fraud or abuse at an early stage. By default, we have established specific parameters for these values (in cents) to ensure consistent monitoring.
| Velocity Rule | Description | SPX Code |
|---|---|---|
| minMandateAmount | This mandate amount is [<>=] [x]. Evaluates the current mandate amount (limit check). Default value: 200 | SPX 705 |
| maxMandateAmount | This mandate amount is [<>=] [x]. Evaluates the current mandate amount (limit check). Default value: 50000 | SPX 706 |
| minPaymentAmount | This payment amount is [<>=] [x]. Evaluates the current payment amount (limit check). Default value: 200 | SPX 705 |
| maxPaymentAmount | This payment amount is [<>=] [x]. Evaluates the current payment amount (limit check). Default value: 50000 | SPX 706 |
| paymentMaxCountPerPeriod | Total count of payments of [iban] in [last x hours, last x days] [< >] [x]. Velocity check to allow only a certain count of payment from a particular iban within the chosen time period. No default settings | SPX 707 |
Updated 11 months ago