14.1.1 Payment Details
Click Servicing > Servicing > Vendors > Vendors > Vendor Details > Payment Details. The Payment Details sub tab allows you to set up automatic clearing house information for vendors.
On the Payment Details sub tab, perform any of the Basic Operations mentioned in Navigation chapter.
Table 14-2 Payment Details
| Field | Do this |
|---|---|
| Remittance section | |
| Country | Select the country code from the drop-down list. |
| Address Line 1 | Specify address line 1. |
| Address Line 2 | Specify address line 2. |
| Zip | Specify zip code from the drop-down list. |
| Zip Extn | Specify extension of the zip code. |
| City | Specify city. |
| State | Select state from the drop-down list. |
| Pre-Process Days | Specify the remittance pre-process days. This is the number of days prior to due date by which payment to the vendor must be processed. |
| Currency | View the currency attached to vendor. |
| Payment Details section | |
| Mode | Select the mode of payment from the drop-down list. |
| Bank | Specify the ACH bank. |
| Start Dt | View ACH start date. |
| Routing # | Specify the bank routing number. |
| Account Type | Select the account type from the drop-down list. |
| Account # | Specify the account number. If the organizational parameter UIX_HIDE_RESTRICTED_DATA is set to Y, this appears as a masked number; for example, XXXXX1234. |
| 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 for vendor payment from the drop-down list. The list displays all the available currencies applicable to the vendor. |
Perform any of the Basic Actions mentioned in Navigation chapter.
Parent topic: Vendors tab