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.

This activity has no prerequisites.

As a result of this activity, a user-defined payment format will be available to be connected to payment methods.