Create an Automated Electronic Funds Transfer – Cash Model

To create an automated Electronic Funds Transfer with the cash model, follow these steps:

1. Payment Request transactions (three) eligible for disbursement are present on the Disbursement Request table. Make sure that the Disbursement Type on the PR is set to EFT. The event type used on the payment request is AP01.  

2. (Administrator) Ensure Disbursement Parameter (DISPA) settings are set.  These settings will drive selection of disbursement request records eligible for disbursement. Make sure that there is a DISPA record with the Disbursement Type set to EFT and the Bank Account on the DISPA record matches the DISPA on the PR accounting line. Also the Vendor customer used on the Payment Request must be eligible for receiving the payments electronically.

3. (System Administrator) Execute the AD Chain job.

4. (System Administrator) Verify job completes successfully.

5. Review job results and report output.

6. Review Disbursement transaction (EFT) created.