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Defining the payment information

You can specify batch header information pertaining to batch payments using the payment information page. Click the (info) icon to view the following additional batch information:

•       Company Details

•       Payment Source

•       Product

•       Type

•       Entered By

·        Fields marked with an asterisk (*) are mandatory.

·        You can also fill in partial details, and save the transaction for later use.

·        Status, Additional Information, and Audit information is displayed during Paid and Modify record status.

Specifying payment information

1.     Specify the following payment information:

•       Debit Account: Select the account from which you want to debit the funds.

•       Payment Reference: The reference for a payment is auto-displayed as configured. However, you can specify the payment reference.

•       Process Date: By default, the application date is displayed as Process Date. You can change the date to a future date, if required.

•       Control Totals: To zero proof the batch transaction, select the Control Totals check box and specify the number of instrument and total amount for the batch.

•       CutOff Time: The cutoff time is auto-displayed. The transactions that are submitted after the cutoff time processes next day.

•       Credit Transaction: The Credit Transaction is displayed on the page based on the product setup.

Following additional information is required for the Cash Payment transactions:

•       Payment Currency: This field is auto displayed. Payment currency is the currency agreed between you and the Bank

•       Payment Amount: Specify the cash amount to be debited.

•       Rate Type: If the payment currency and the debit account currency is different, rate type field is enabled. Select the required rate type as Sheet or Contract Rate. The indicative amount after conversion is displayed.

If Contract Rate is selected, search and select the Contract Reference. The contract rate applicable to the effective date is applied to the transaction.

Following is example of Payor Information:

2.     You can use the Use Transaction Wizard or Import Transactions buttons to add multiple instruments to a batch.

Where to go from here

Specifying payment details