Merchant Cycle UML

A set of days within a month (1-28) when a reconciliation process for a Merchant has to run. Reconciliation Merchant Statement is generated at this time.

The system is designed to run remittance process (described below) on 2 cycles: deposit cycle and reconciliation cycle.

Deposit cycle runs daily. It performs calculation and generates statements and deposits if and only if a payment was processed for given Merchant (Merchant Group) on the given date (this is done to accumulate returns information).

Reconciliation cycle runs on specified dates of a month and generates statements and deposits for the period since the last statement. It also incorporates processing results from deposit cycles that may have run during the time period covered by the cycle.

Deposits/withdrawals as well as fees and adjustments can be assigned for each cycle.

Identifier of the object used for references; auto-incremented integer value.

Code of Merchant Account to which instance of this object is attributed to.
Depending on the context, Merchant Account Code field may contain either Merchant Code or Merchant Account Code.
The field is primarily used for data partitioning and data management, to make it easy to determine the ownership of a record within the database.

Reference to the entity that represents merchant cycle details information.

Name of the merchant cycle associated with corresponding merchant account.