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Acknowledgement File Retrieval

in Payables, Payments & Cash Management 2 comments

Summary:

Payment files including EFT, ACH and Direct Debit are transmitted to the bank and Once transmitted to the bank Acknowledgement files from Bank is stored in SFTP site.
These files provide important information on the file and payment level, including successful acceptance and rejection, issues in the file, and reasons for rejection. These files must be retrieved to provide clarity and direct re-mediation efforts when sending payment files.

How to setup this? In my understanding we have to change the file movement and email OIC integration, But I am not sure how to do this

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