Transfer Payment (Distribution Details Exist)

Payment transfer causes the payment to be canceled and new payment(s) to be created using new payment event distribution rule(s). Transferring a payment is typically done when a payment event has multiple payments and one or more payments have been assigned to the wrong obligation. Each of the incorrectly directed payments can be transferred to the correct obligation(s) using this dialog.

Total Amountis the total payment amount to transfer from.

You must specify the following parameters in order to transfer a payment:

• Distribution Rule is the obligation to which the payment should be transferred.

• Rule Value is the value associated with the payment and expected by the distribution rule.

• Amount is the payment amount.

• Cancel Reason defines why you are performing the transfer.

Clicking OK causes the following to take place:

• The payment associated with the original account is canceled.

• The new set of distribution details is processed, creating new payment(s) for the transfer-to obligation(s). The payment characteristics associated with the original payment are copied to the new payment.

• The new set of distribution details is added to the payment event. The original distribution details are kept.