This Draft Standard for Trial Use contains the format and establishes the data contents of the Payment Order/Remittance Advice Transaction Set (820) for use within the context of an Electronic Data Interchange (EDI) environment. The transaction set can be used to make a payment, send a remittance advice, or make a payment and send a remittance advice.
This transaction set can be an order to a financial institution to make a payment to a payee. It can also be a remittance advice identifying the detail needed to perform cash application to the payee's accounts receivable system. The remittance advice can go directly from payer to payee, through a financial institution, or through a third party agent.
To indicate the start of a transaction set and to assign a control number
To (1) indicate the beginning of a Payment Order/Remittance Advice Transaction Set and Total Payment Amount or (2) to enable related transfer of funds and/or information from payer to payee to occur
To transmit information in a free-form format, if necessary, for comment or special instruction
To uniquely identify a transaction to an application.
To specify the currency (dollars, pounds, francs, etc.) used in a transaction
To specify identifying numbers.
To specify pertinent dates and times
To identify a party by type of organization, name and code
To specify additional names or those longer than 35 characters in length
To specify the location of the named party
To specify the geographic place of the named party
To specify identifying numbers.
To identify a person or office to whom administrative communications should be directed
To designate the entities which are parties to a transaction and specify a reference meaningful to those entities
To identify a party by type of organization, name and code
To specify additional names or those longer than 35 characters in length
To specify the location of the named party
To specify the geographic place of the named party
To specify identifying numbers.
To identify a person or office to whom administrative communications should be directed
To convey accounts payable adjustment for the purpose of cash application, including payer-generated debit/credit memos
To transmit information in a free-form format, if necessary, for comment or special instruction
To identify a person or office to whom administrative communications should be directed
To specify identifying numbers.
To specify pertinent dates and times
To specify the basic and most frequently used line item data for the invoice and related transactions.
To specify identifying numbers.
To specify pertinent dates and times
To specify allowances, charges or services
To specify tax information.
To specify product subline detail item data
To specify identifying numbers.
To specify pertinent dates and times
To specify allowances, charges or services
To specify tax information.
To specify the accounts receivable open item(s) to be included in the cash application and to convey the appropriate detail
To transmit information in a free-form format, if necessary, for comment or special instruction
To specify identifying numbers.
To specify pertinent dates and times
To specify the basic and most frequently used line item data for the invoice and related transactions.
To specify identifying numbers.
To specify pertinent dates and times
To specify allowances, charges or services
To specify tax information.
To specify product subline detail item data
To specify identifying numbers.
To specify pertinent dates and times
To specify allowances, charges or services
To specify tax information.
To convey accounts payable adjustment for the purpose of cash application, including payer-generated debit/credit memos
To transmit information in a free-form format, if necessary, for comment or special instruction
To identify a person or office to whom administrative communications should be directed
To specify identifying numbers.
To specify pertinent dates and times
To specify the basic and most frequently used line item data for the invoice and related transactions.
To specify identifying numbers.
To specify pertinent dates and times
To specify allowances, charges or services
To specify tax information.
To specify product subline detail item data
To specify identifying numbers.
To specify pertinent dates and times
To specify allowances, charges or services
To specify tax information.
To identify tax payment data
To specify tax information.
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments).
