How Settlement Batches Are Processed
Oracle Fusion Receivables starts the settlement process, and Oracle Fusion Payments settles the transactions. Settlements received by Payments from Receivables are stored and later built into settlement batches for transmission to your processor or payment system. During the settlement process, captured funds are
If you use a gateway payment system, individual settlements, rather than settlement batches, are submitted directly to your payment system.
Settings That Affect Settlement Batches
The following table lists the options that affect settlement batch processing.
Pages |
Tab |
Section |
User Interface Element |
---|---|---|---|
Create or Edit Funds Capture Process Profiles |
Formats |
Settlement |
|
Create or Edit Funds Capture Process Profiles |
Formats |
Settlement Response Processing |
|
Create or Edit Funds Capture Process Profiles |
Creation Rules |
Settlement Grouping Rules |
All check boxes |
Create or Edit Funds Capture Process Profiles |
Creation Rules |
Settlement Limit |
|
Create or Edit Funds Capture Process Profiles |
Accounts |
Settlement Transmission |
|
How Settlement Batches are Processed
Part 1 of the settlement process flow, as illustrated in the figure, includes the creation of a settlement transaction during the Receivables remittance process. This assumes that authorization was already performed.
Part 2, as illustrated in the figure, includes the grouping of individual settlements into batches and their submission to the payment system. Part 2 is separate from Part 1 and begins when the Create Settlement Batches process is manually run or scheduled.
Part 3, as illustrated in the figure, includes the receipt of the settlement batch acknowledgment. Part 3 is separate from Part 2 and begins when the Retrieve Settlement Batch process is manually run or scheduled.
The settlement process for processor payment systems includes the steps described in the following table.
Step |
Description |
---|---|
Remit receipts. |
During receipt remittance, specifically during the approval of a remittance batch, Receivables submits corresponding settlements requests as a funds capture process request to Payments. |
Receive funds capture process requests. |
Funds capture process requests received by Payments include:
The funds capture process request contains settlements that need funds captured electronically. |
Read funds capture process profile and payment system for each settlement. |
For each settlement, Payments reads the funds capture process profile and the payment system information, as determined during the routing of the initial authorization transaction. Payments uses this information in subsequent processing. |
Validate settlements. |
|
Group individual settlements into batches. |
A settlement batch is settlement information from one or more funds capture process requests that's formatted and transmitted to a payment system for settlement. Payments processes settlements from all submitted funds capture process requests and groups them by payment systems and other grouping rules to create settlement batches. Optional grouping rules are set in the funds capture process profile. |
Extract and format settlement batch data. |
|
Transmit settlement batch to payment system. |
After the settlement batch is formatted, it's transmitted to the payment system for processing and capture of funds as specified in the profile |
Retrieve acknowledgments. |
|
Process status and update settlements. |
Payments reads the acknowledgment file and updates the statuses of the applicable settlements. Receivables doesn't update receipt status based on this information, but restricts follow-on transactions, such as refunds. |