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Setting up payment types

Updated on June 22, 2022

Payment types are associated with a debit or credit transaction in an accounting step.

They can determine the following:
  • Whether documents or automatic advices aregenerated.
  • Whether an accounting cutoff time isenforced.

The payment type is associated with a transaction in step rules. If your organization’s transactions require documents different than the ones referenced in the supplied payment-type rules, or if you require different cutoff times, then create the Rule-Obj-Corr and Rule-PegaAcct-Financial-Cutoff rules first, and then copy the payment-type rule with the same name to your ruleset. If you require new payment types, create your own by copying and updating an existing one, and then updating the step rules to reference the new payment types.

The stream name, correspondence type, and the class represent the key to the correspondence rule. When you define the payment type rule, you indicate which correspondence rule to use by specifying two of the key properties (Stream Name and Corr Type), to which the system implicitly adds the work object class.

Pega Smart Dispute for Acquirers Implementation Guide
  1. In the Application Explorer, search for the Rule-PegaAcct-Financial-PaymentType and select an existing payment type rule to use as a template for a new payment type.
  2. Click Save As.
  3. In the Apply to field, select the appropriate implementation class for your application.
  4. In the Add to ruleset list, select the ruleset for your application.
  5. Click Create and open.
  6. Configure the accounts in the chart.
  7. Select the Document Required check box to generate a document for all transactions that use this payment type
    Note: If you do not select this check box, the document is not generated for automatic processing, but you have the option to generate it during manual processing.
  8. Click Save.

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