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Posts Tagged ‘payment factory’

By Aijaz Ansari, MBA

Oracle Payments is an application within Oracle E-Business Suite (EBS) Release 12. It serves as the funds capture and funds disbursement engine across Oracle EBS R12.

Acting as the central payment engine, Oracle Payments processes transactions, such as:
1. Invoice payments from Oracle Payables
2. Bank account transfers from Oracle Cash Management
3. Settlements against credit cards and bank accounts from Oracle Receivables

Additionally, Oracle Payments provides the infrastructure needed to connect these applications and others with third party payment systems and financial institutions. Read the rest of this entry »