Create IAT International Payment

Batch Information

The details in the Batch Information section apply to the entire payment.

Detail	Description
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.
Destination Country	The destination country for the cross-border payment, and if defined, the default Gateway Operator (GO) for that country.
Destination Currency	The currency of the cross-border payment. The options available depend on the selected Destination Country. If the Destination Country is U.S., the only option will be USD. If the country is non-U.S and the bank has defined a default Gateway Operator, the list will included the currency associated with that country and USD. If the country is non-U.S. and the bank has not defined a default Gateway Operator, the only option will be USD.
Offset Creation Level	Indicates how settlement records should be generated for the batch Options are as follows: Batch level offset – One offset created for the batch, which includes all recipient entries Transaction level offset – Individual offset records created for each recipient entry Note: This option appears only when your company is configured for balanced ACH files.
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: Non-processing days – The effective date must allow for a send date that is a business day (processing day) for the financial institution. Note that the processing schedule may vary according to the payment type. Minimum lead time – Transactions must be scheduled either one or two days before the effective date, depending on whether the payment is a credit, debit, or mixed batch. Future-dating restrictions – The financial institution may restrict the number of days into the future that a payment can be scheduled. Allowance for same-day settlement – For payments that both originate and settle within the financial institution, the effective date can be the same as the current date. Holiday calendar for the destination country – If present, you will not be allowed to schedule an effective date on a bank holiday. In addition, Saturday and Sunday are always non-processing days. Customer Service Administrators (CSA) can view the defined holidays.
Frequency	How often the payment should be made If a single, non-recurring payment, select One Time Only. If a recurring payment, select Recurring, and make a selection for each of these options: Recurring Schedule – Select a payment schedule from the list. Weekend/Holiday Schedule – For weekend or holiday payments, select either previous day or next processing. Number of Payments – Select one of the payment options. See also About Recurring Payments
Workflow	Options for the final steps in the workflow The options are as follows: Save as Template – Saves this payment as a template Approve on Submit – Approves the payment automatically when you submit it Confidential – Indicates that the payment should be visible only to users who are entitled to manage confidential batches: The user entitlement that enables a user to mark new payments as confidential also enables the user to view payments that have been already marked as confidential. If the payment is created from a template that is marked as confidential, then the payment is also confidential. This setting cannot be modified regardless of a user's entitlements.

Originator Information

When creating or editing an IAT payment, you must specify details for the originating company. The Originator Information section requires that you provide contact information for the company, including the company name, tax ID, and address. If the financial institution maintains this information in the banking application profile, these fields are prefilled with profile details. You can add to or change profile details, as needed.

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
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: Checking Savings Loan
Amount	The amount to be credited to or debited from the account Click the Zero All button to quickly change all amounts to zero.
CR/DR	Indicates whether the transaction will be processed as a credit to the recipient's account or as a debit from the account You can use the Running Totals link (top right of the Recipients list) to display a summary of credits and debits. Subtotals are calculated by recipient status (Active, Hold, or Prenote). To change all recipients to debits or credits, click Set All, and select the All Debit or All Credit link. Note: The CR/DR column appears only if the ACH payment type has been configured in Solution Application Manager to allow mixed batches.
Transaction Type	Select the transaction type from the list
Status	Indicates the status as one of the following: Active – The transaction is active, that is, not on hold and not prenoted Hold – The transaction is on hold for the recipient, while other payments in the batch can be processed Prenote Expire On – The entry is a prenote entry to be sent to the recipient before any actual transaction Note: If the recipient is saved to the master list, a prenote status will prevent the recipient from being available for other payments until the prenote has expired. Click the Set All button to quickly change all the recipient transactions to the same status.
Addenda	Additional remittance information, specific to the recipient Click Add Addenda to add the optional information. You can add up to two lines of addenda data.
Remove	To remove the recipient, click (the Delete Icon).