Limits

In Falcon, Limits are configurable regulations that control the usage of financial products and services. They play a crucial role in ensuring compliance with regulatory standards, mitigating risks, and providing users with control over their financial activities.​

Limits can be applied at various levels, including user accounts, cards, channels, and transactions. By setting appropriate limits, businesses can tailor financial products to meet specific user needs while maintaining security and operational efficiency.

📊 Types of Limits

Falcon supports multiple categories of limits, enabling layered and granular control:

Account Limits

Account-level limits define the overall ceiling for transactions and balances within a user or enterprise account. These are foundational in managing financial exposure and resource allocation.

• Credit Limit: The maximum amount of credit assigned to a user or enterprise.
• Available Balance Limit: Restricts spendable funds or disbursable balances.
• Daily/Monthly Debit Limit: Caps the value of outgoing transactions from the account.
• Account Hierarchy Limits: Set aggregate limits across a parent-child account structure.

Card Limits

Set per-card constraints to govern spending and transaction behavior:

• Per Transaction Limit: Cap the amount on a single transaction.
• Daily/Monthly Spend Limit: Control the total spending over time.
• Transaction Count Limit: Limit the number of card transactions in a period.
• Merchant Category Code (MCC) Limits: Restrict usage to specific merchant types.

Channel Limits

Used to control access and capacity per transaction channel (e.g., POS, online, ATM, UPI):

• Channel Spend Limits: Define the maximum allowable spend per channel.
• Enable/Disable Access: Temporarily suspend a channel due to risk or user request.
• Channel-Specific Quotas: Set volume or frequency caps.

Transaction Limits

Applied directly to individual financial activities:

• Max Value Per Transaction: Define allowable value per transfer or payment.
• Cumulative Value Limit: Aggregate cap over a defined time window.
• Geographical or Currency-Based Limits: Limit transactions from certain countries or in specific currencies.