Questions on Electronic payment in Payables

Hi,
Please explian the Electronic payment setup in oracle Payables r12.
Regards
Abhijit

Hi Abhijit,
You can pay your suppliers electronically by using either the Oracle EDI Gateway or by delivering to your bank an electronic funds transfer output file that Payables creates.
Creating Electronic Funds Transfer Payments without the Oracle EDI Gateway
To create an electronic funds transfer (EFT) payment file that you can deliver to your bank, you follow nearly the same steps as in creating checks in a payment batch. However, instead of printing the checks, you send a softcopy file of formatted payments to your bank so it can disburse the payments directly into each supplier's bank account.
Prerequisites
You are not using the Oracle EDI Gateway for this payment batch.
If you are not using a payment file format provided by Payables, customize and register an EFT Payment Program, and create or customize, and register a remittance advice program. See: Automatic Payment Programs, and Setting Up Custom Payment Programs
Define a payment format with the Electronic payment method that references your EFT payment program and remittance advice program. See: Payment Formats.
Use the Banks window to define the remittance bank accounts and payment documents you use to create EFT payments. In the Payment Documents window, assign your EFT payment format to the payment document. Enter Computer Generated for the Disbursement Type. See: Defining Banks.
Define the suppliers and supplier sites that use the bank account to receive electronic payments. See: Entering Suppliers.
Enter bank information for each supplier site you want to pay. See: Entering Supplier Bank Information
When you enter the invoices you want to pay, enter Electronic as the payment method.
Approve the invoices you want to pay and confirm that they have no active holds.
Creating Electronic Payments with the Oracle EDI Gateway
To create an electronic payment file (820/PAYORD, REMADV) that Oracle EDI Gateway formats and transfers to your bank, you follow nearly the same steps as in creating checks in a payment batch. However, instead of printing the checks, the EDI Gateway formats the payment data in the EDI outbound payment format. You can then use the EDI translator to transmit the formatted payment data to your bank for disbursement. For more information, see: Outbound Payment Order / Remittance Advice.
For each scheduled payment that you pay with the Electronic payment method, you enter the supplier's remit-to bank account. If you enable the Allow Remit-to Account Payables option, you can override the default primary bank account and enter another bank account for the supplier with the same payment currency. If you do this, you can create EDI payments for more than one bank for different scheduled payments on the same invoice.
Refer to :http://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/eft.htm
Thanks,
Shikha

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