The Bank Event object can be used for processing direct deposits or refunds.
Base-package overpayment processing functionality supports the ability to issue refunds using bank events. An Overpayment Process Type can be configured to create bank events, by specifying a Bank Event Type. Refund creation logic can then check that configuration to determine whether or not to create a bank event.
A direct deposit bank event typically triggers the financial effect of the overpayment/refund on the related obligation’s balance. An Adjustment can be created when the direct deposit is extracted or accepted, depending on the business rules.
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