1. Loan Servicing Setup Guide
  2. Administration User
  3. Standard Payees

3.12 Standard Payees

The Standard Payees screen defines the third parties that are frequent payees for checks issued within your organization. These payees are then available on the Consumer Lending screen’s Advance Entry screen. When you select the Payee # in the Advance Allocation section, the system completes the remaining fields in this screen with information from the Standard Payees screen.

Note:

The Payee # field on the Advance Payment forms is a non-validated field. This allows you to select an entry or enter one of your own.
To set up the Standard Payees
  1. Click Setup > Setup > Administration > User > Standard Payee. The system displays the Standard Payees screen.
  2. In the Payee Definition section, perform any of the Basic Operations mentioned in Navigation chapter.

    Figure 3-54 Standard Payee


    Description of Figure 3-54 follows
    Description of "Figure 3-54 Standard Payee"

    A brief description of the fields is given below:

    Table 3-90 Payee Definition

    Field Do this
    Payee # Specify the payee number (Identifier for the payee).
    Name Specify the payee name.
    Pmt Mode Select the payment method for the payee from the drop-down list.
    Enabled Check this box to enabled the payee.
    Country Select the country where the payee is located from the drop-down list.
    City Specify the city where the payee is located.
    State Select the state where the payee is located from the drop-down list.
    Address Line 1 Specify the address line 1 for the payee (optional).
    Address Line 2 Specify the address line 2 for the payee (optional).
    Zip Select the zip code where the payee is located from the drop-down list.
    Extn Specify the extension of the zip code where the payee is located.
    Phone 1 Specify the primary phone number for the payee.
    Phone 2 Specify the alternate phone number for the payee.
    Bank Name Specify the payee ACH bank name used by the standard payee.
    Routing # Specify the payee ACH bank routing number of bank used by the standard payee.
    Account Type Select the payee type of ACH bank account maintained by the Standard Payee from the drop-down list.
    ACH Account # Specify the payee ACH bank account number.
    Company Select the company from the drop-down list. The list is populated with Company definitions based on the Country selected.
    Branch Select the branch drop-down list. The list is populated with Company branch based on the Country selected.
    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.

    Start Dt Specify the payment mode start date, the date the current payment method was implemented (defaults on Pmt Mode change). you can also select from the adjoining calendar icon.
    Comment Specify a comment for this advance allocations. This is the default comment to include with payments to this Payee.
  3. Perform any of the Basic Actions mentioned in Navigation chapter.

Parent topic: Administration User