A funds capture payment method is a payment medium by which a third party payer, such as a customer, chooses to remit payment to the first party payee, which is the deploying company. Oracle Payments supports three funds capture payment methods for automated funds capture processing: credit cards, PINless debit cards, and bank account transfers.

Oracle Payments seeds three updateable funds capture payment methods for credit card, PINless debit card, and bank account transfer instrument types and also seeds five updateable payer-initiated instrument types, such as check or wire transfer. For payer-initiated instrument types, Oracle Payments records the transaction, but does not perform any processing for these payment methods.

From the Funds Capture Payment Methods page, you can view and update the seeded funds capture payment methods or define new funds capture payment methods for bank account transfers only.

How Source Product Users Employ Funds Capture Payment Methods

Once the funds capture payment methods are set up, they are available for selection by the source product user while creating or updating external payers. Additionally, source product users select one of the following seeded funds capture payment methods before submitting a payment transaction to Oracle Payments:

• ACH (Automated Clearing House) Transfer

• EFT (Electronic Funds Transfer) Bank Transfer

• Credit Card

• PINless Debit Card

• Check

• Cash Payment

• Wire Transfer

• Invoice

• Offline Manual Payment

Of those in the preceding list, the first two are bank account transfer methods and the last five are payer-initiated methods.

Purpose

The purpose of setting up funds capture payment methods is to assign validation sets to seeded funds capture payment methods and to assign validation sets and define details of bank account transfers.

Creating Payment Methods

When you create a funds capture payment method for the processing type of bank account transfer, you enter user-defined values in the Code field, which is an identifier, or shortname, for the funds capture payment method you are creating.

Assigning Validations

In the Assign Validation Sets region, you assign applicable validation sets to the funds capture payment methods of processing type Bank Account Transfer that you are creating.