Accounts Receivable                     EFT Processing                               Processing Automatic Payments

Processing Automatic Payments

Automatic payment processing is a three step process.  Each step in this process is covered in this topic section

·Upload the batch of transactions for funding. 

·Download the response file, apply the funding responses and post the payments to the customer accounts for the transactions that were funded. 

·Deposit the payment batch into your bank account. 

Automatic payments are submitted for funding in batches.  It is possible that you will need to process up to four separate batches in one day to process all the possible types of batches.  These batch types are:

Customer Bank (ACH) Batch transactions

Customer Bank (ACH) Live transactions

Credit Card Batch transactions

Credit Card Live transactions

Auto Non-Recurring transactions

EFT Processing List

As invoices are set up for automatic payment, the transactions are added to the EFT Processing List and will remain there until the batches have been submitted for funding.  Users may view the list of transactions waiting to be processed at any time.  Navigate to the Accounts Receivable/EFT Processing option found on the main application menu tree.

FRM 4027-1

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