ACTVTAPY - Activating Automatic Payments

When an automatic payment is first created, it gets marked with an extract date. The extract date is the date the automatic payment will be downloaded to the respective financial institution. The extract date is determined as follows:

• Every automatic payment references an auto-pay source.
• Every auto-pay source references an auto-pay route type.
• Every auto-pay route type contains an algorithm that calculates this date.

On the extract date, the automatic payment is "activated". The automatic payment is activated is marked for download the next time its download process runs. An automatic payment's download process is defined on its auto-pay source's route type.