Create Standard Payees

Introduction

This screen helps the user to create a new standard payee.

Navigation

The following is the navigation for this option:

• Click Create New in the Standard Payees screen or List of Standard Payees screen.

• The Create Standard Payees screen is displayed.

What you can do

The table below provides a brief description of the data that must be specified on the screen and the functions you can perform:

Field

Description

Payee Name

The name of the payee.

Note:

This field is mandatory.

Address

The first line in the payee's address.

Note:

This field is mandatory.

Area

The area in which the payee is based.

City

The city in which the payee is based.

Note:

This field is mandatory.

State

The state in which the payee is based. Click Look Up to select the state.

Note:

This field is mandatory.

Country

The country in which the payee is based.

Zip

The zip code in the payee's address.

Note:

This field is mandatory.

Phone Number

The payee's phone number.

Business Category

The business category to which the payee belongs.

Payee Format

The format in which the consumer code of the payee is described.

The format that will be used to assign consumer codes to customers of this payee. Consumer codes are used to identify a particular payee.

For example, if a particular standard payee like the Electricity Board would like the first 4 characters of the consumer code to comprise the first 4 characters of the name of the subscriber and the next 8 characters to comprise of the slab number this can be specified as follows:

NAME|ALPHA|10|SLABNUM|NUMBERIC|8

Note:

While adding a biller, if the Bank User specifies the payee format, the same will be validated while corporate/retail users register for the bill payment.

In case of payment to the unregistered payees, the same will be validated at the time of payment.

Payment Format

The format that is to be used for the bill reference number.

For example, if the first 8 characters of the bill reference number is to comprise the bill date and the next 5 characters, the serial number this can be specified as follows:

BILLNUM|8|SERIALUM|5

Note:

While adding a biller, if the Bank User specifies the payment format, the same will be validated while corporate/retail users register for the bill payment.

In case of payment to the unregistered payees, the same will be validated at the time of payment.

Expiry Date

The date on which the payee account will expire.

Note:

This field is mandatory.

Payee Type

From the drop down list, select the payee type.

Payment Type

 From the drop down list, select the payment type.

Bill Expiry Period (in days)

The number of days in which a bill expires.

Note:

This field is mandatory.

Late Payment Allowed

Indicate if payments are acceptable after the due date.

Part Payment Allowed

Indicate if payments are allowed for a part of the bill amount.

Excess Payment Allowed

Indicate if payments in excess of the bill amount are allowed.

Real Time Credit Allowed

Indicate if credit is allowed in real time. Real Time Credit flag has values Yes or No. If it is set to Yes then credits are shown as and when they come and as many as they come. If the flag is set to No then only one consolidated credit is shown instead of multiple credits.

Home Bank

Payee Branch Id

The ID of the branch with whom the payee holds an account, if the payee holds an account with your bank.

Payee Account Id

The ID of the payee account. Click on View Account Details to view account details.

OTHER BANK

Payee Bank Name

The name of the payee's bank.

Payee Bank Branch

The branch in which the payee has an account.

Payee Bank Address

The address of the payee's bank.

Payee Bank City

The city in which the payee's bank is based.

Payee Country

The country in which the payee's bank is based. Click Find Country search for the country.

Payee Bank Account ID

The ID of the payee's bank account.

Payee Account Currency

The currency in which the account is held.

Payee Account Type

The type of account held by the payee.