1. Line Servicing User Guide
  2. Batch Transactions
  3. Payments
  4. Payments Entry Tab
  5. Reversing the Batch of Payment Transactions

15.3.8.5 Reversing the Batch of Payment Transactions

The system allows you to reverse the batch of payment transactions. You can reverse batches only with POSTED status.
To reverse the batch of payments transactions
  1. On the Oracle Financial Services Lending and Leasing Application home screen, click the Servicing > Servicing > Batch Transaction > Payments > Payment Entry.
  2. In the View Option section, select All Batches.
  3. Select the batch you want to reverse from the Batch section.
  4. In the Action section, click reverse.
    System changes the batch status from POSTED to PROCESSING and submits batch to the job service. After the batch has been processed, system changes the batch status to REversed.
You can verify the reversal either using Transaction screen on Customer Service screen’s Transactions screen for each account in the batch, or by running payment history report (Reports master tab > Servicing drop-down link > Payment History).

Parent topic: Payments Entry Tab