1. Lease Origination User Guide
  2. Producer
  3. Producer Details tab
  4. Payment Details

15.1.2 Payment Details

You can setup ACH as the payment mode for a dealer or producer on Payment Details sub screen. The Payment Details sub screen stores information regarding the payment mode, currency and producer’s bank details, such as bank’s name, routing number, account type, account number, BIC and IBAN. Once the details are updated the same has to be verified and approved in the payment details section before processing.

The dashboard of Oracle Financial Services Lending and Leasing displays all the producers whose payment details are either APPROVED or WAITING FOR APPROVAL in the Producers Count By ACH Status section. You can click on the respective links to view the details in Producers screen.

To complete the Payment Details
  1. Click Origination > Origination > Producers > Payment Details.
  2. In the Payment Details section, perform any of the Basic Operations mentioned in Navigation chapter.
    A brief description of the fields is given below:

    Table 15-2 Payment Details

    Field Do this
    Pmt Mode Select the payment mode from the drop-down list.
    Bank Specify the ACH bank name.
    Start Dt Select ACH start date if payment mode is ACH. You can even select the date from adjoining Calendar icon.
    Routing # Specify the ACH bank routing number.
    Account Type Select the ACH bank account type from the drop-down list.
    Account # Specify the ACH bank account number.
    Currency View the currency of the Producer. System defaults the currency depending on the Company or Branch selected for the Producer.
    BIC Select the Business Identifier Code from the drop-down list. The list displays the BIC codes defined in the system.
    IBAN

    Specify the IBAN (International Bank Account Number). IBAN is used for identifying bank accounts across national borders with a minimal of risk of propagating transcription errors.

    Ensure that value entered satisfies the check-digit validation based on modulo 97. On save, system automatically validates the IBAN number length based on country code, characters, white spaces, and checksum. Validation is also done during posting non-monetary transaction (ACH Maintenance).

    You can maintain the IBAN length and other details required as per the country code in the user defined table (Setup > Administration > System > User Defined Tables).

    Note: IBAN for 'NL' country code (IBAN_FORMAT_NL) is defined by default with length of IBAN as 18.

    Disbursement Currency Select the disbursement currency from the drop-down list. System defaults the currency depending on the Company or Branch selected for the Producer.
    Approval Detail section - When the payment details are approved, system automatically populates the following fields with the approver details along with the status as Approved. However on subsequent update, the details are reset till further approval and status is changed to Waiting for approval.
    Approved By View the user who has approved the payment details.
    Approved Dt View the date and time when the payment details were approved.
    Status View the status of producer payment details.

    Perform any of the Basic Actions mentioned in Navigation chapter.

To Approve Payment Details

You can verify and approve the producer payment details defined by another user in the Producers > Payment Details section. You can either directly select the required record in the Producers screen or sort the list of payment details awaiting approval using the Dashboard.

Before you proceed, ensure that you have approval rights assigned to your login. Else, contact your system administrator.
  1. To access the payment details to be approved, do one of the following:
    • Click Origination > Origination > Producers.
    • Click Dashboard and navigate to Producer section. In the Producers Count By ACH Status sub section, click WAITING FOR APPROVAL. The payment details are sorted accordingly and displayed in Producers screen.
  2. In the Producer Details section, select the required Producer. The payment details associated with the producer are displayed in the Payment Details section.
  3. In the Payment Details section, click Approve Payment Detail.

    The payment details are approved and approver information is captured in Approval Detail section. Also on approval, the Dashboard counters in Producers Count By ACH Status section are updated.

Parent topic: Producer Details tab