V3 Payment Format for Austria

Austrian banks use the V3 payment format to implement the U.N. EDIFACT standard. JD Edwards EnterpriseOne software provides the V3 payment format so that the banks can use this Austrian-specific version of the EDIFACT PAYMUL (MULtiple PAYments) message.

The V3 PAYMUL file that you create using the Create A/P Bank Diskette - Austrian V3 PAYMUL program can include two optional segments. Generally, you include these segments if your bank does not provide an alternative method of including the information in the segments.

You specify in the processing options whether the system includes the UNB (header) and UNZ (trailer) segments. When you specify that the system include these segments, the UNB segment becomes the first segment in the flat file and the UNZ segment becomes the last segment in the flat file.

The UNB segment includes fixed text (UNB+UNOC:3+) followed by the sender identifier, the recipient identifier, the date of preparation, the time of preparation, and an interchange control number. The sender and recipient identifiers are determined by agreement between the sender and recipient. You specify the sender identifier and the recipient identifier in processing options. The system generates the date, time, and interchange control number.

The UNZ segment includes fixed text (UNZ+) followed by the number of messages and the interchange control reference. The number of messages is always 1 because the system sends only one PAYMUL message per file. The system generates the interchange control reference.

The V3 version of the PAYMUL format enables these domestic payment options:

Option	Description
Transfers to a Beneficiary Account Held by a Domestic Bank	Use the European Monetary Union euro (EUR) denomination for transfer amounts. When you transfer a payment that is in a currency other than the transfer currency of the account, the amount of the payment is automatically converted into the account currency. For example, if the payment is denominated in EUR and the recipient's account is denominated in JPY, the transfer is converted to JPY automatically.
Instructions for PostBar	The beneficiary is paid in cash by the postal service. Note: JD Edwards EnterpriseOne software does not support PostBar payment.
Priority Payments	Priority payments are credited to the beneficiary account as soon as possible and prioritized by the assigned bank using the multibank standard (MBS). Note: JD Edwards EnterpriseOne software does not support priority payments.

Option

Description

Transfers to a Beneficiary Account Held by a Domestic Bank

Use the European Monetary Union euro (EUR) denomination for transfer amounts. When you transfer a payment that is in a currency other than the transfer currency of the account, the amount of the payment is automatically converted into the account currency.

For example, if the payment is denominated in EUR and the recipient's account is denominated in JPY, the transfer is converted to JPY automatically.

Instructions for PostBar

The beneficiary is paid in cash by the postal service.

Note: JD Edwards EnterpriseOne software does not support PostBar payment.

Priority Payments

Priority payments are credited to the beneficiary account as soon as possible and prioritized by the assigned bank using the multibank standard (MBS).

Note: JD Edwards EnterpriseOne software does not support priority payments.

Note: In Austria, the PAYMUL might also direct the postal service to delivery payments directly to customers, a practice known as payment with allonge. To take advantage of allonge, an additional document must be automatically created and used to collect a signature when the payment is delivered to the customer. JD Edwards EnterpriseOne software does not support payment with allonge.