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Standard payment media format in DME Engine

Hi

I need to create payment format in PMW for UK region. The DME files are to be sent to bank in XML format.

1) Can I use the DME Engine to create the formats as per the bank requirement.

2) What are the standard formats available for high value and low value payments for UK SAP .

Thanks

kamala

Former Member
replied

Hello,

There is no program for next day payments. Either you need to create a program or PMW structure based on the format.

Most clients do not bifurcate in such a way. Most of them us GB_BACS, I believe it will take up to 3 days to credit the vendor account. GB_BACS kind of method is widely accepted.

CHAPS ( Clearing House Automated Payment System) is kind of payment which will be paid on the same day. You can also use this for high value payments.

Important transaction codes to refer:

FBZP

AL11

OBPM4

Refer my previous threads in the forum.

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