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iRececivables Uptake Of Oracle Payment (Doc ID 414659.1)

Last updated on DECEMBER 03, 2019

Applies to:

Oracle Payments - Version 11.5.0 and later
Oracle iReceivables - Version 12.0.0 and later
Information in this document applies to any platform.

Purpose

About the Integration:
Oracle Payments is a new product in release 12. The product known as iPayment will no longer exist in release 12, however all functionality that existed in it is contained within Oracle Payments.

The objective of the new product is to give any deploying company a highly configurable and robust solution to disburse and receive payments. Oracle Payments is a fundamental part of the Oracle Applications architecture, and is provided with multiple products that require support for payment processing services.

Oracle Payments provides the infrastructure needed to connect other products with third party payment systems and financial institutions. The product supports a number of payment features. Some features support just disbursement, some just capture, and other features are common to both.

In iReceivables we can pay for the customers invoices . After selecting the payment method ( Bank Transfer / Credit Card Payment) a receipt would be created in AR . In earlier releases for the capture of funds the iPayments extensions were used.  iReceivables would now call the Oracle Payment API's for the funds capture. This is entirely in the background and there are no visible changes in the iReceivables user interface because of this integration.

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