Method of Collection (74Y/MC)

JD Edwards EnterpriseOne software provides hard-coded values for this UDC table. You use these values to specify how the service is paid (direct debits, credit transfers, or others). The method of collection value is supplied by default by the payment instrument associated with the transaction. The value of the special handling code from the Payment Instrument UDC table (00/PY) defines the method of collection as direct debit if the batch type of the transaction is V or W and as credit transfer if the batch type is IB. Values are:

A: Direct Debit

B: Credit Transfer

X: Others