Transfer Payment (No Distribution Details Exist)

Payment transfer causes the payment and its payment segments to be canceled and a new payment to be created. Transferring a payment is typically only done if the original distribution was targeted at the wrong account but all tender information for the pay event is correct. Unlike the payment event transfer, transferring a single payment does not affect the pay event's tender information.

You must specify the following parameters in the Payment Transfer window to transfer a payment:

• Account ID is the account to which the payment should be transferred.
• Cancel Reason defines why you are performing the transfer.
• Match Type and Match Value are defaulted based on their values for the payment event that you are transferring. If necessary, modify the values appropriately for the account to which you are transferring the payment event. Match Type and Match Value are used for an account that belongs to an open item customer class or to restrict the distribution of the payment to a specific service agreement. Refer to Payment Event - Main for more information.
• Turn on Freeze Payment if the transferred payment should be frozen automatically. You may want to leave this turned off if you want to examine the payment distribution before freezing the payment.
• Non CIS Name, Reference Number, and Non CIS Comments appear if the Account ID belongs to a customer class that is used for non-CIS payments. Refer to Setting Up Customer Classes for more information.

Clicking OK causes the following to take place:

• The original payment and its segments are cancelled.
• A new payment is added for the transfer to account. The payment characteristics associated with the original payment are copied to the new payment.
• The payment is distributed amongst the new account's service agreements.
• If so designated, the new payment is frozen.