How You Confirm Electronic Payment Files
A confirmed electronic payment file is considered complete and done. Oracle Fusion Payments notifies source products when payments are confirmed, so they can perform necessary accounting. The point at which an electronic payment is considered confirmed depends on:
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Your company's business practices
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The notification that your payment system supports, such as acknowledgment and clearing
Electronic payment files can be confirmed by:
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Specifying an automatic payment file confirmation point
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Manually confirming payment files
Specifying an Automatic Payment File Confirmation Point
When you create a payment process profile during setup, you can specify the point at which an electronic payment file is automatically confirmed. The confirmation point can be one of the following:
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When the payment file is formatted
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When the payment file is transmitted to your payment system
Manually Confirming Payment Files
When you create a payment process profile during setup, you can also specify whether you want to enable manual confirmation of the payment file. You can choose to manually confirm payment files before they're automatically confirmed. You may need this option available for timing reasons.
The following table describes where and how you can manually confirm electronic payment files.
Page |
Action |
---|---|
Manage Payment Files. |
|
Payment File. |
Select the applicable option from the Actions menu. |
After the payments in a payment file are confirmed, the source product is notified. Simultaneously, you can no longer terminate the payment file. Instead, if you have any issues with payments, you must void them.