Understanding Electronic Banking
Companies in Brazil often use banks to facilitate the electronic transfer of payments and receipts between suppliers and customers. For payments to suppliers, you electronically send data to the bank as a flat file. You might send the file using the internet, or by using magnetic tape or other electronic media. The bank processes the data and then sends back to you data that describes the transactions processed by the bank.
For receipts, banks collect funds from the customers to pay for goods and services that the customers obtained from you. You can create a flat file with information about the customer and send it to the bank. The bank processes this information and contacts the customers with the amount that they owe to you. The customers send this money to the bank, and the bank sends you information about the transaction.
Because banks in Brazil do not use a common table layout for the transmission of data, the JD Edwards EnterpriseOne system provides a Dynamic Formatter application that lets you create the bank layouts that you need. The procedures that are contained in the Electronic Banking section of this guide describe how to use the Dynamic Formatter application. When you use the Dynamic Formatter application, you specify the bank layout in which the system processes outbound and inbound flat files.
You use the bank layouts that you set up in the Dynamic Formatter application to work with inbound and outbound automatic receipts.