Receivables - EBS (MOSC)

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Difference ACH Direct Debit and Receivables Direct Debit

edited Jun 30, 2013 9:01PM in Receivables - EBS (MOSC) 3 commentsAnswered
Hi,

I have following questions related to Receivables Direct Debit method :-

As per my understanding, the seeded Bank Account Transfer functionality is used for ACH Bank Account Transfer.

1. How do we setup Receivables Direct Debit method ?

2. What is the difference between ACH and Receivables Direct Debit method  ?

3. How is Settlement batch file created which is required to be sent to Remittance bank in case of Receivables Direct Debit method  ? Does this method use Oracle Payments ?  If no, then how does Remittance bank receive information about payments to be collected ?

4.. The Profile option "AR: Bank Directory Source" is used for setting up ACH Transfer, do we have to setup this for NonReceivables Direct Debit method also ?

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