Intercept External Allocation

Intercept External Allocation (INTEA) defines the Contact, Payment, and Bank information for external entities. The page is integral in both setting up external entities to participate in the Intercept process, as well as processing debt that is intercepted on their behalf.  

The following functionality is also included:

• Remittance contact information for external debt records. This contact information is inferred onto the Intercept Request table and printed on the check stub of all payments that are intercepted.

• How the Debt Type/Entity will receive intercepted funds: an Internal Transfer (IT Transaction) or via a check/electronic payment, indicated by selecting Issue Payment.

• The Vendor Code, Name, and encumbrance reference for intercepted payments that are created for those Debt Type/Entities that request a manual payment.

• COA used when funds are intercepted for the specified Debt Type/Entity.

• COA used on the IT Transactions when the Debts that belong to the External Entities were intercepted in an external Payment system or internally.