Exact Globe

Product Update 414: ACH Autopay format supported for HSBC Australia

In this product update, the ACH Autopay has been introduced for the HSBC Bank in Australia. This bank format is applicable to the domestic payments.

The ACH Autopay format can be selected via the following menu paths:

• Cash flow à Payments à Authorize
• Cash flow à Payments à Process
• Cash flow à Miscellaneous à Terms

Before processing the domestic payments using the ACH Autopay format, it is important to note that the bank code and the branch code must be defined in the Cash instruments screen and in the bank account numbers maintenance screen. For more information on the Cash instruments screen, see Product Update 414: Bank code and branch code supported for all cash instruments.

Bank account numbers maintenance screen

In the bank account numbers maintenance screen, the existing Bank code and Branch code fields in the Basics tab should be filled in for the payee's bank account details. If either one is left blank, the information will not be reflected in the generated payment file. Thus, the payment file may be rejected by the bank.

When processing the domestic payments, in the Type screen, the ACH Autopay format can be selected at the Format field. By selecting this format, the Payment date, Transaction code, and the Reference fields will be displayed and can be defined.

By clicking OK, a check is performed to see if the bank and the branch codes have been defined in the Cash instruments screen. An error message will be displayed if either field is left blank.

The sample payment file for the ACH Autopay bank format is as follows: