Define Payment Format
Explanation
This activity is used to define a new payment format that can be used in
the company. Payment formats are connected to payment methods.
When creating Payment Formats, the following can be specified;
- Format ID, Format Description and the Row Type
of the new format in the Destination group box.
- Allowed Currencies that you want to use with the payment format.
- Party Type, Input / Output Type, Format Type and Format
Instruction.
- Repeatable Output, File Template, Use as Customer Repayment, Payment
Advice as a Single Print Job and Generate Payment Advice if required.
- Run Only in Background if the output type file must
be created in a secured folder.
- Send to Service Provider if the file must be
transferred to the bank via Kyriba. This applies only to
the ISO20022 Payment Format.
Prerequisites
This activity has no prerequisites.
System Effects
As a result of this activity, a user-defined payment format will be available
to be connected to payment methods.