A payment method defaulting rule determineswhich payment method automatically populates an invoice or customerrefund. During setup of these rules, you specify conditions underwhich a payment method acts as a default.
You can configure the rules for setting payment method by default based on the following factors:
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Source product
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Business unit
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First-party legal entity
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Transaction type
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Domestic or foreign currency or payeelocation
Oracle Payments applies these rules in the prioritizedorder you specify. For example, if the first rule is a match, Paymentsstops and automatically populates that rule's corresponding paymentmethod onto the invoice. Suppose you specify that the payment methodfor all documents processed by Oracle Payables is first, Check, andsecond, EFT. In this case,if the conditions for payment method Check match those on the invoice,then payment method Check automatically populates the invoice.
If the conditions for payment method Check don'tmatch those on the invoice, the application determines whether theconditions for payment method EFT match. If the conditions for paymentmethod EFT match those on the invoice, then payment method EFT automaticallypopulates the invoice.
The following factors may, depending on the setupand data, affect how the default payment method is selected:
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Payment method default basis option on the Manage Disbursem*nt System Options page
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BasedOnly on Payment Method Defaulting Rules Setup
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OverrideDefaulting Rules when Default Method Set for Payee
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Prioritized order of the paymentmethod defaulting rules
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Content of the payment method defaultingrules
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Default payment method set at supplier site, address, or supplier level
Note: Oracle Payments assigns the default payment method at the supplier level and sets it to inactive during the Manage Payment Method setup. You can modify and override the default payment method.
