Express Payments

PeopleSoft Payables express payments enable you to create payments quickly outside of your regular payment cycles. Vouchers must be entered into the system and be approved for payment before you can create an express payment. Express payments offer you a lot of flexibility on paying your suppliers on demand. You can pay a single voucher or you can search other vouchers for that supplier and select only those that you want paid. If there are multiple payment schedules within a voucher, you can select all or just the payment schedule numbers that you want to pay.

In addition, you identify the payment details, such as the date that prints on the check, and the number of the check. You can also specify the bank information and pay method associated with the express payment.

You can also enter a voucher and record a manual payment at the same time.

Pay method options available on the Express Payment page include:

• ACH (automated clearing house).

• EFT Draft (electronic funds transfer customer draft).

• Cust Draft (customer-initiated draft).

• Check (system check).

• EFT (electronic funds transfer).

• Giro - EFT (giro electronic funds transfer).

Important:

Express payments do not support overflow advice.

Note:

If financial sanctions validation is enabled at the installation level or the bank level, you cannot create an express payment if the supplier has a financial sanctions status of Review or Blocked. However, if financial sanctions validation is enabled at the bank level and you no longer validate for a particular supplier's bank, the system may allow you to create an express payment for a supplier with a financial sanctions status of Review. The system validates the supplier against financial sanctions lists (for example, the Specially Designated Nationals (SDN) list) when you attempt to create an express payment.

See PeopleSoft Source to Settle Common Information: Understanding Financial Sanctions Validation.