Administration Guide for Oracle Billing Insight > Configuring the Payments Module >

About the Payment Module Features

The Payments module in Oracle Billing Insight is an electronic solution that decreases payment processing costs, accelerates receivables, and improves operational efficiency. It is complete payment scheduling and warehousing software with real-time and batch connections to payment gateways for Automated Clearing House (ACH) and credit card payments, and payments through various payment processing service providers. ACH is the electronic network for financial transactions in the United States.

The Payment module can act as a payment portal to host payments from different billers. For ACH, Payment can put checks from different billers (DDNs) into one ACH file, and can process a return file with checks from different DDNs. For information on configuring payment gateways, see Configuring a Payment Gateway.

Credit card payments are supported for immediate or scheduled payments, and require two steps:

• Authorization. Verifies the customer account and puts a hold on the account for the amount of the payment.
• Settlement. Occurs when the payment is actually made.

The Payment module performs authorization and settlement in one transaction using the credit card gateway for credit card payments.

The Payment module consists of the following features:

• Connections to payment networks:

  Real-time and batch interfaces to ACH, Credit Card, and proprietary networks, using a cartridge based approach that yields complete payment flexibility.

• Advanced warehousing and scheduling:
  • Full payment warehousing to manage all of the scheduling, transaction, and business logic. Make one-time instant payments, schedule future payments, set up recurring and "auto-pay" payments, utilize threshold functionality, cancel, and change payments.
  • Supports ACH Notification of Changes (NOC), ACH addenda records, and multiple billers in one ACH file. Demand deposit account (DDA) verification before a payment is submitted through prenotes.
  • After the Oracle Billing Insight Payment module retrieves an invoice from Oracle Billing Insight, it keeps it in the Payment database. That allows customers to view invoices to make payments and view payment history.
• Integration with your existing infrastructure. Updates Accounts Receivables software with remittance information and supports reconciliation processes. Includes XML based API's for integration into backend systems.
• Front-end GUIs:
  • Includes fully functional front-end Web pages, which can also be used as templates, enabling you to fully brand and customize your front-end interface.
  • Account history and access to details of past payments, providing an integrated view of all transactions, regardless of payment type or who initiated them
  • Payment reminders and a variety of customizable email templates available to the administrator as well as the end-user. Examples of email notification include enrollment status, recurring payment scheduling, and bill payment status.
• Administration tools, including:
  • Web-based configuration
  • Integration with the Oracle Billing Insight Command Center
  • Customer information management
  • Monitor activities and generate reports
• Database optimization for high-performance and scalability
• A rich SDK enables you to fully extend the solution, including API's for two-way access and customizable front-end screens, jobs, and processes.