Payment Services

Learn about payment services function.

The payment services are scheduled to run nightly based on Supplier's business rules and configured values. It includes the following functions:

• Apply any scheduled payments that are now due to the Customer’s AR balance, and mark them for export.
• Apply any recurring payments to invoices that are due, update the Customer’s AR balance and mark them for export.
• Create an export file in the NACHA format, and include the recurring and scheduled payments, as well as any real-time payments that were made that day.
• Send the file via FTP to the configured address.

When applying a recurring payment to the invoice due, the service compares the invoice amount, the invoice balance due, and the AR balance, and apply the least of the three amounts to that invoice. This ensures that the Customer does not have a negative AR or invoice balance.