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Reference: Payment Processing Capabilities
You can view high-level feature descriptions for the capabilities in this product area.
Manage Checks
Provides the ability to print checks for settled payments, and:
- Create positive pay files for financial institutions.
- Escheat payments.
- Report on issued checks.
- Void checks.
Manage Payments
Supports the payment acknowledgement process, and provides the ability to:
- Create and send remittances.
- Record payments that banks have returned.
- Record stopped payments.
- Report on settlement activity.
- Send prenote transactions to validate electronic banking information.
Payment Integrations
Provides the ability to send and receive payment data through integrations that support various payment standards.
Payment Methods
Supports the configuration of payment types based on various payment methods.
Settle Payments
Supports settling unpaid open items and pending payments. The functionality provides the ability to:
- Configure cash balance checks.
- Make multicurrency settlement runs.
- Schedule settlement and prenote runs.
- Store bank details for creating and editing bank accounts.