{"id":438,"date":"2017-06-23T18:06:29","date_gmt":"2017-06-23T18:06:29","guid":{"rendered":"https:\/\/sandbox.interswitchng.com\/docbase\/docs\/autopay\/autopay-corporate-initiating-officer\/initiate-payments\/"},"modified":"2017-08-03T05:26:14","modified_gmt":"2017-08-03T05:26:14","slug":"initiate-payments","status":"publish","type":"docs","link":"https:\/\/sandbox.interswitchng.com\/docbase\/docs\/autopay\/autopay-corporate\/corporate-initiating-officer\/initiate-payments\/","title":{"rendered":"Manage Payment Batches &#8211; Initiate Payments (Third Party Account Transfers)"},"content":{"rendered":"<p>To initiate payments to third party accounts, a batch must be created. A batch can contain one or more beneficiaries.<\/p>\n<p>To create a batch:<\/p>\n<ul>\n<li>Click\u00a0<strong>Manage Payment Batches<\/strong> -&gt;\u00a0<strong>Create a Batch<\/strong><\/li>\n<li>Fill in the batch details:\n<ul>\n<li><strong>Batch Description:<\/strong>\u00a0any descriptive name to distinguish one batch from others<\/li>\n<li><strong>Paying Account:<\/strong>\u00a0the account to be debited for the current transaction; select from the drop down<\/li>\n<li><strong>Batch Type:<\/strong> Select one from the drop down; note that this has nothing to do with the number of beneficiaries contained in a batch (see difference below):\n<ul>\n<li><strong>Single Payment:\u00a0<\/strong>If selected, multiple debits will occur on a pay out account for the number of records in a batch (e.g. a batch with 10 records will have 10 debits on the corporate&#8217;s account for that transaction); each individual record will also show up on the corporate&#8217;s bank account statement.<\/li>\n<li><strong>Bulk Remittance:<\/strong> If selected, only a single debit will occur on the corporate&#8217;s payout account (irrespective of the number of records in the batch) as well as the corporate&#8217;s bank account statement.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>Click\u00a0<strong>Save<\/strong><\/li>\n<\/ul>\n","protected":false},"author":169,"featured_media":0,"parent":437,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"doc_tag":[],"_links":{"self":[{"href":"https:\/\/sandbox.interswitchng.com\/docbase\/wp-json\/wp\/v2\/docs\/438"}],"collection":[{"href":"https:\/\/sandbox.interswitchng.com\/docbase\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/sandbox.interswitchng.com\/docbase\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/sandbox.interswitchng.com\/docbase\/wp-json\/wp\/v2\/users\/169"}],"replies":[{"embeddable":true,"href":"https:\/\/sandbox.interswitchng.com\/docbase\/wp-json\/wp\/v2\/comments?post=438"}],"version-history":[{"count":4,"href":"https:\/\/sandbox.interswitchng.com\/docbase\/wp-json\/wp\/v2\/docs\/438\/revisions"}],"predecessor-version":[{"id":1015,"href":"https:\/\/sandbox.interswitchng.com\/docbase\/wp-json\/wp\/v2\/docs\/438\/revisions\/1015"}],"up":[{"embeddable":true,"href":"https:\/\/sandbox.interswitchng.com\/docbase\/wp-json\/wp\/v2\/docs\/437"}],"next":[{"title":"Add or Upload Payments (Beneficiaries)","link":"https:\/\/sandbox.interswitchng.com\/docbase\/docs\/autopay\/autopay-corporate\/corporate-initiating-officer\/add-beneficiaries\/","href":"https:\/\/sandbox.interswitchng.com\/docbase\/wp-json\/wp\/v2\/docs\/439"}],"wp:attachment":[{"href":"https:\/\/sandbox.interswitchng.com\/docbase\/wp-json\/wp\/v2\/media?parent=438"}],"wp:term":[{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/sandbox.interswitchng.com\/docbase\/wp-json\/wp\/v2\/doc_tag?post=438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}