What's a format type?

A type or categorization that indicates what a format is used for. Examples of format types include payment file, remittance advice, and bank statement.

Each format that you create in Oracle Fusion Payments is associated with a format type so the application knows how the format is used. Format types are either disbursement formats that relate to payment files or funds capture formats that relate to settlements or reports.

The following table lists several examples of format types.

Disbursement Format Types	Funds Capture Format Types
Disbursement separate remittance advice	Funds capture authorization and settlement
Disbursement positive pay file	Funds capture accompanying letter
Disbursement payment process request status report	Funds capture payer notification

The format type you associate with a format specifies the following:

• Type of message that is created

• Data extract that is used by the template to format the transaction data