Instrument Stop Payment

You can mark stop payment of an instrument and also revoke the stop payment. You can also collect charges for stop payment from the purchaser. Instrument status is marked as ‘Payment Stopped’ on authorizing the stop payment. When the stop payment is revoked, the instrument status is moved back to previous status (Active) provided the validity period is not over, else the status is marked as stale.

On Homepage, specify PIDSTPAY in the text box, and click next arrow.
Instrument Stop Payment screen is displayed.

Figure 2-55 Instrument Stop Pay Detailed

Description of "Figure 2-55 Instrument Stop Pay Detailed"
Click New button on the Application toolbar.

On Instrument Stop Payment screen, specify the fields.

Table 2-25 Instrument Stop Payment - Field Description

Field	Description
Host Code	System indicates the Host Code of transaction branch on clicking ‘New’.
Branch	System indicates the Transaction Branch of the customer.
Source Code	System defaults the Source Code as ‘MANL’.
Instrument Code	Specify the Instrument Code.
Instrument Number	Specify the Instrument Number for which stop payment to be marked. Instrument Number field lists instruments for the instrument codes selected which are in Active status.
Stop Pay Reference	System generates the Stop Pay Reference on clicking ‘New’ button.
Source Reference Number	Source Reference Number is disabled for stop payment through UI. For Gateway, this field is enabled and user can specify the number.
Code Description	System indicates the Instrument code description based on the Instrument code selected.
Instrument type	System indicates the type of Instrument.

Parent topic: Instrument Transactions