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Overview (Italian EFT Payment Format)

This section discusses electronic funds transfers (EFT) and payments that use the Italian EFT Payment Format in Oracle Payables. EFT payment formats conform to the SETIF standard.

This procedure lets you create a flat file that is:

ita90000.gif Copied to electronic media

ita90000.gif Sent to the bank to initiate the payment

Each file must have seven sections of data (record types) as well as a file header and footer:

Record Type
Description
10
Payment Order
20
Debtor Description
30
Creditor Description
40
Creditor Address
50
Payment Description I
60
Payment Description II
70
Additional information for the bank

Only 5 type 60 records are allowed if the payment amount description is more than 90 characters. This gives a total of 450 characters to display the invoice numbers and amounts. The remaining description is truncated and not displayed if the description is more than 450 characters long,.

The file is created according to the SETIF standard. Records have a fixed length of 120 characters.

Suggestion: Contact Oracle Consulting Services if you want to modify Italian EFT to meet your needs.

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