Set Up Automated Payment Configuration

CL Loan versions 1.2002 and later enable you to define multiple payment modes for creating payments for different business events. You can define configurations that store the parameters for receiving and making payments with each of these payment modes, and specify the custom filegen class that defines the processing logic for these transactions.

Each configuration addresses a unique combination of the payment mode and the business event.

You can also configure the actions to be taken for each return code in case a payment is returned by the bank.

Prerequisites

The following is the prerequisite to create automated payment configuration:

• Payment modes are defined.

Steps

Perform the following steps to create an automated payment configuration:

1. Log in to your Salesforce account.

2. Go to Servicing Configuration, Misc., ACH, Automated Payment Configuration.

   The Automated Payment Configuration page is displayed.

3. Select an automated payment configuration.

   The Automated Payment Configuration page is displayed.

4. Specify the Filegen Class, which is the name of custom class for configuration.

5. Specify the Folder Name where the files generated through this configuration are stored.

6. Specify or click on the lookup icon to select the payment mode for the configuration.

7. Specify the Bank Account, which is the organization level bank account to be associated with the configuration.

8. Select the Active checkbox to indicate whether the configuration is active or not.

9. Select the event from the Available column and click on the right arrow to move it to the Chosen column.

   Note:

   Multiple events can be selected for a particular configuration,which means same configuration can be used for various events.

10. Select the File Type to be generated. The file types supported areTEXT, CSV, XML, and JSON.

11. Specify the complete NACHA details required for ACH file generation according to NACHA standards.

12. Specify the RCC (remote check capture) details for generating files in RCC payment mode. RCC file creation date and the date in the RCC file must be same else, there will be a delay of one day in generation of RCC files. 

    Note:

    Currently, the loan Payment is the only event supported for RCC.