Overview of Electronic Funds Transfer (EFT)
Many countries have similar electronic funds transfer (EFT) formats to produce
electronic payment files. You can use the format windows in this chapter to
enter additional EFT information at the System Format, Payment Format, Supplier
Site, Invoice, and Payment Schedule levels. European payment programs use this
information to create the appropriate EFT files. See your country-specific user
guide for more information about the descriptive flexfields used in the format
windows described in this chapter.
Prerequisites (Electronic Funds Transfer)
Setting Up a Payment Format Descriptive Flexfield
