Understanding Banking and Recipient Processing Setup

Before you can successfully run banking and recipient processes, you need to set up additional source bank details and link the source banks to debit types. Additional setup is also required on an ongoing basis, such as linking payees to recipients. You must also provide additional recipient information for reporting and collection of any commissions that may be payable. The system requires additional bank, bank account, recipient, and payee data to process payments to banks and providers for Malaysia. That information includes:

• Source bank overrides for certain debit types.

• Information that is related to fees and commissions that providers may owe to entities that collect payee deductions on behalf of providers.

• Group IDs that providers assign to identify the pay entity for those providers.

• Payee IDs or membership numbers that providers assign.