What type of payments are referenced by the term INPAY in AMI?

The term INPAY in the context of Avaloq Message Interface (AMI) refers specifically to Internal Payments. This designation typically pertains to transactions that occur within the organization's own financial system, distinguishing them from payments that involve external parties or different entities outside of the institution.

Internal Payments are transactions conducted between accounts that are held within the same organization. They can include activities such as transfers between branches, intra-company settlements, or other payments where both the debiting and crediting accounts belong to the same financial institution.

Understanding this terminology is crucial for professionals working with financial messaging and transactions, as it allows for accurate categorization and processing of different types of payment operations according to their nature and relevance within the institution's workflow.