17.3.1 Introduction
Oracle Financial Services Lending and Leasing enables you to post payment transactions to accounts in a batch mode, either by manual entry or by using data files. These transactions can be posted in real-time or in batch mode.
This chapter explains how to use the Payments screen to complete the following tasks:
- Posting a payment
- Correcting a payment
Payments can be entered in Oracle Financial Services Lending and Leasing in a variety of ways:
- Lockbox payments
- ACH payments
- Bulk Upload of Payment Transactions
- Manual entry with the Payment Entry screen
- Customer Based Payments
- Payment Posting at Master Account Level
The manual entry option is useful in a low volume or a branch scenario when customers make payments in person or through the mail. The lockbox and ACH options allow for processing payments electronically without manual input.
Parent topic: Payments