Required Setup for EFT Payments

To use the French EFT International payment format, set up your company and suppliers according to these instructions:

• Use the Additional Individual Tax ID field for the company's SIRET (système informatique pour le répertoire des établissements) number in the company's address book information.

  You can override the SIRET number from the address book record on the processing options for the French EFT International payment format (R04572F3).

• When setting up the company's bank account information, use the SWIFT Code field for the BIC (bank identifier code) for the issuing bank, and set up IBAN (International Bank Account Number) information to include that information in the flat file.

• When setting up the supplier's address book information, use one of the thirty available Address Book Category Codes for each of these fields:

  • Economic Reason Code.

  • Country Code for BDF Declaration.

  • Fees Distribution Code.

• When setting up the supplier's bank account information, use the SWIFT Code field for the BIC Code for the beneficiary's bank, and set up IBAN information to include that information in the flat file.