Oracle Financial Services Lending and Leasing enables you to post directly from the ACH file that has been created for customer payments. This is controlled by the ACA_PAYMENT_AUTO_LOAD system parameter. If the parameter is set to Y, the system automatically creates payment batches for the payments in ACH file and posts them on the day of payment.

Batch NSF Processing

Oracle Financial Services Lending and Leasing provides the upload of the rejected ACH Payment Request Files sent by financial institution/lender to allow for improved NSF processing for all returned payments. This is done using a Batch Mode process.

Oracle Financial Services Lending and Leasing supports upload of payment files through lockbox uploads. In addition to the Payment file, system also provides the upload of Payment Return files through lockbox uploads. The system provides an upload of the Entry Detail Addenda Record in NSF Notification file received from the client’s financial institution. This record pertains to payment returns.

Figure 15-4 Entry Detail Addenda Record

Description of "Figure 15-4 Entry Detail Addenda Record"