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Bank payment acknowledgement in oracle cloud

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edited Jun 1, 2020 2:58PM in Payables, Payments & Cash Management 7 comments

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There is a requirement to get the acknowledgment status after each successful transmission of a payment file to bank in oracle cloud.
A "Payment Acknowledgement" for funds disbursement transactions (supplier payments) in Oracle Payments is a file that confirms for the payor that their electronic payment (sent to a payee's bank) was successfully transmitted and received ("acknowledged") by the bank. Therefore, this type of Payment Acknowledgement processing starts after successful transmission of the payment file to the supplier's bank. Once the bank receives the payment file, the process generates the acknowledgement file. Can we have this functionality in oracle cloud.

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