The ERA Payments setup window is used in the Automated Payment Posting process. When an ERA is received, a Payment Method Code is supplied in BPR 04. The Payment Method code will map to both a payment type and payment method in the application.
Screen Layout and Definitions
Payment Method Code List
In the ERA, the Payment Method Code is provided in the 835 EDI FIle (Segment: BPR02) by the payer. The guidelines allow the following values.
|BOP||Financial Institution Option|
|FWT||Federal Reserve Funds/Wire Transfer|
|NON||Non Payment Data|
Payment Method Code Values
For each Payment Method Code, you will be able to set the deposits Payment Method and Payment Type.
- Payment Method: Sets the payment method on the deposit when the selected code is supplied.
- Payment Type: Sets the payment type on the deposit when the selected code is supplied.