Prerequisites for Managing Direct Debits

This section provides the tasks you perform before you process direct debits:

• Define direct debit collection information for your bank account to which you will send the EFT files on the PeopleSoft Banks Setup and Processing: External Accounts - Collection Methods Page.

• Define the customer's bank account information and link it to a remit from customer on the PeopleSoft Order to Cash Common Information: MICR Information - Customer Bank Page page.

  WARNING:

  If you use Financial Gateway to submit EFT files to the bank, you will get an error when you run the Create EFT through FG System process, if you skip this step.

• Create the direct debit profiles.

• Set up electronic banking if you use Financial Gateway as your remittance method.

• Define the direct debit information for customers that pay by direct debits on the PeopleSoft Order to Cash Common Information: General Information - Bill To Selection Page.

• Set up automatic numbering for direct debit IDs.

  Select DD ID for the number type and DD_ID for the field name.

• Define automatic entry types for direct debit processing.

• (Optional) Assign a direct debit profile to an entry type.

• Define the EFT file layout that you use on the PeopleSoft Banks Setup and Processing: EFT File Layouts Page or the PeopleSoft Financial Gateway: Layout Catalog Page for Financial Gateway.

• (Optional) Set up EFT Reason codes for bank EFT confirmation files.