Activate SEPA Payments

To submit vendor payments electronically in Single Euro Payments Area (SEPA) ISO 20022 payment format, you must set up prerequisites for enabling SEPA payments.

In the following procedures describe how to enable SEPA payment and set up vendor bank accounts.

To enable countries/regions for SEPA

  1. Choose the Search for Page or Report icon, enter Countries/Regions, and then choose the related link.
  2. Choose the Edit List action.
  3. Select the SEPA Allowed check box for each country or region that you want to enable for SEPA.
  4. Choose the OK button.

To enable bank accounts for SEPA

  1. Choose the Search for Page or Report icon, enter Bank Accounts, and then choose the related link.

  2. Select the bank account that you want to enable for SEPA, and then choose the Edit action.

  3. On the General FastTab, in the Country/Region Code field, select the appropriate code.

    Note

    The specified country/region code must be enabled for SEPA as described in the previous procedure.

  4. Enter a value in the Min. Balance field.

  5. On the Transfer FastTab, in the SWIFT Code field, enter a code.

  6. Choose the OK button.

To set up vendor bank accounts for SEPA

  1. Choose the Search for Page or Report icon, enter Vendors, and then choose the related link.
  2. Select the relevant vendor, and then choose the Bank Accounts action.
  3. Select the vendor bank account to set up for SEPA, and then choose the Edit.
  4. On the Transfer FastTab, in the IBAN and SWIFT Code fields, enter the international bank identifier code of the bank where the vendor has the account.
  5. Choose the OK button.

See Also

SEPA Payments
File SEPA Payments
File Non-Euro SEPA Payments
Set Up Export Protocols