Payment Method Defaulting

A payment method defaulting rule determines which payment method automatically populates an invoice or customer refund. During setup of these rules, you specify conditions under which a payment method acts as a default.

You can configure the rules for setting payment method by default based on the following factors:

• Source product

• Business unit

• First-party legal entity

• Transaction type

• Domestic or foreign currency or payee location

Oracle Payments applies these rules in the prioritized order you specify. For example, if the first rule is a match, Payments stops and automatically populates that rule's corresponding payment method onto the invoice. Suppose you specify that the payment method for all documents processed by Oracle Payables is first, Check, and second, EFT. In this case, if the conditions for payment method Check match those on the invoice, then payment method Check automatically populates the invoice.

If the conditions for payment method Check don't match those on the invoice, the application determines whether the conditions for payment method EFT match. If the conditions for payment method EFT match those on the invoice, then payment method EFT automatically populates the invoice.

The following factors may, depending on the setup and data, affect how the default payment method is selected:

• Payment method default basis option on the Manage Disbursement System Options page

  • Based Only on Payment Method Defaulting Rules Setup

  • Override Defaulting Rules when Default Method Set for Payee

• Prioritized order of the payment method defaulting rules

• Content of the payment method defaulting rules

• Default payment method set at supplier site, address, or supplier level

Note:

Oracle Payments assigns the default payment method at the supplier level and sets it to inactive during the Manage Payment Method setup. You can modify and override the default payment method.