Create CTX (Corporate Trade Exchange) Payment
You use the Create CTX Payment page to create a Corporate Trade Exchange payment.
Batch Information
The details in the Batch Information section apply to the entire payment and are the same as for other ACH payment types.
Detail | Description |
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Company Entry Description | A brief description of the payment in ten or fewer characters
The entered text displays on the Payment Center page in the Transaction Name/Reference column for pending or processed ACH payments. |
Originating Account | The account from which the payment originates |
Originating ACH Company ID | The code that identifies the originator
A company account can have multiple ACH company IDs. When this is the case, the page provides a list from which a company user can select the ID that should be used for the payment. |
Company Discretionary Data | Additional information to identify the transaction
This field must not exceed 20 characters in length. You can use this to include a description of the payment, an employee name, a vendor number, or a combination of transaction details. |
Offset Creation Level | Indicates how settlement records should be generated for the batch
Options are as follows:
Note: This option appears only when your company is configured for balanced ACH files.
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Effective Date | The date on which you want the payment settled for all recipients in the batch
The standard effective date is supplied, but the date may be changed by typing it or selecting it from the calendar. Be sure to allow enough time for processing. The system checks the following conditions to determine whether an entered date should be allowed:
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Frequency | How often the payment should be made
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Workflow | Options for the final steps in the workflow
The options are as follows
Note: This option appears only when your company is configured for balanced ACH files.
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Recipients
You can create new recipients by selecting them from a list, creating them, or by importing the information from a file.
After adding one or more recipients to the payment, the list displays the following details and options for each recipient.
Column | Description |
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Recipient Name | The name of the payment recipient |
Recipient ID | An identifier for the recipient |
Bank ID | The bank routing number of the account |
Bank Name | The name of the recipient's bank |
Account | The number of the recipient's account |
Account Type | The type of account:
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Amount | The Invoice Amount Paid, as entered in the remittance addendum |
Credit | Displays "Credit" to indicate the payment as a credit transaction |
Disc. Data | Discretionary data is an optional code specific to the originating financial institution that enables specialized transaction handling.
This field is two characters. Depending on the needs of the originating financial institution, it can either hold a single two-character code or two distinct one-character codes. |
Status | One of these statuses:
Note: Prenotes are not applicable to this payment type.
Click the Set All button to quickly change all the recipient transactions to the same status (Active or Hold). |
Addenda | Additional remittance information, specific to the recipient
Click Add Remittance to add the required information. For more information, see Add/Edit EPN 820 Payment Order/Remittance Advice. |
Remove | To remove the recipient, click (the Delete Icon). |