Use the Payment Details subtab of the Account Overview page to add and update the following payment details of existing accounts:

• Receipt Methods

  Assign automatic receipt methods to your customers' accounts if you are using automatic receipts. Receipt methods determine the required processing steps for your automatic receipts, such as confirmation, remittance, and reconciliation.

  You can assign manual receipt methods to your customer accounts to indicate which form of receipt, such as a credit card or bank account transfer, will be used to collect payment for that customer's transactions. You can assign multiple receipt methods to a customer account as long as the start and end dates of the methods do not overlap.

  During transaction and receipt entry, Oracle Receivables uses the primary receipt method that you defined for your customer accounts as the default. However, you can override the receipt method, along with the payment method and payment instrument, at the transaction or receipt level. See: Entering Transactions and Entering Receipts.

• Payment Instruments

  This customer payment information that you create is actually stored in Oracle Payments for use during funds capture processing.

  • Credit Cards

  • Bank Account Transfer:

    Assign bank accounts to customer accounts to allow funds to be automatically transferred from these accounts to your remittance bank accounts when using automatic receipts. Receivables allows multiple customer bank accounts in different currencies and lets you assign bank accounts to customer addresses.

    The primary bank account for a particular currency is used as the default account when you use automatic receipts. You can define multiple, non-primary accounts in the same currency, even if the date ranges overlap.

    Note: For both types of payment instruments, use the Payment Details page to indicate the priority level of each payment instrument, if multiple instruments exist. You can also use this page to specify the customer's debit notification preferences, such as by e-mail or fax, or in print. The debit notification preferences specify the mode of communication to the customers about the payments received from them.

Prerequisites

• Define receipt methods.

• Define banks.

  See: Bank Account Model Overview, Oracle Cash Management User Guide.

• Create a customer.

• Enter a bill-to location.

To assign receipt methods:

1. Navigate to the Payment Details subtab of the Account Overview page.

2. Click Add Receipt Method.

3. Search and select an appropriate receipt method.

   Note: You define receipt methods in the Receipt Classes window.

4. Specify the start and end dates for the method.

5. Select Primary, if this receipt method is the primary one for this customer account.

To assign credit cards:

You can assign a credit card either by adding a predefined credit card or by creating a new credit card.

To add a credit card

1. On the Payment Details subtab of the Account Overview page, click Add.

2. Search and select an appropriate credit card.

To create a credit card

1. On the Payment Details subtab of the Account Overview page, click Create.

2. Enter credit card details such as number, expiration date, and statement billing address.

   Note: You can also create a billing address.

To assign bank accounts:

You can assign a bank account either by adding a predefined bank account or by creating a new bank account.

To add a bank account

1. On the Payment Details subtab of the Account Overview page, click Add.

2. Search and select an appropriate bank account.

To create a bank account

1. On the Payment Details subtab of the Account Overview page, click Create.

2. Enter bank account details such as country, bank, branch, and account number.

   Note: You can also create a bank and a bank branch.