Overview of Processing Payments

As a collector, you can use Advanced Collections to easily record and process customer payments. You can process these payments with credit cards or bank electronic funds transfers.

Here's what you can do to process payments:

• Process payments in a foreign currency.

• Pay both delinquent and current open receivables.

• Make partial payments.

• Validate payments in the real time.

• Make secure credit payments by configuring the level of security in Oracle Fusion Payment setups.

• Add bank account and credit card details.

Things to Keep in Mind:

• Make payments for one transaction at a time.

• Use only one payment type at a time.

• Don't pay more than the amount due for a transaction.

• Don't enter negative numbers or zero for the payment amount.