automatic receipts reversal processing
TRANSCRIPT
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Table of Contents
1. Purpose of the document ............................................................................................................................................... 2
2. Assumptions and Prerequisites ....................................................................................................................................... 2
3. Feature Specific Setup..................................................................................................................................................... 2
Receivables Lookups ........................................................................................................................................................... 2
Reversal Reason to Category Mappings ............................................................................................................................. 4
4. Flow diagram ................................................................................................................................................................... 5
5. Reversal Status Report .................................................................................................................................................... 5
6. Automatic Receipts Reversal .......................................................................................................................................... 6
7. Relevant fields in the Customer Payment Status Report (pain 002.001.03 message) ................................................... 7
8. An example scenario ....................................................................................................................................................... 8
Transaction entry ................................................................................................................................................................ 9
Automatic Receipts Creation ............................................................................................................................................ 10
Remittance Batch Creation ............................................................................................................................................... 10
Settlement Batch Creation ................................................................................................................................................ 11
Acknowledgement file upload .......................................................................................................................................... 12
Acknowledgement message processing ........................................................................................................................... 12
Automatic Receipts Reversal ............................................................................................................................................ 13
ERP CLOUD
Automatic Receipts Reversal Processing
Fusion Receivables
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1. Purpose of the document
This document explains the implementation and usage guidelines for the Automatic Receipts Reversal processing for ISO
20022 Direct Debits. Oracle Fusion Payments supports processing of the ISO 20022 Customer Payment Status Report
(pain 002.001.03 message) for ISO 20022 Direct Debits. The Retrieve Funds Capture Acknowledgements process
processes the ISO 20022 Customer Payment Status Report (pain 002.001.03 message) which contains information on
rejected settlements, if any. Automatic Receipts Reversal processing provides the ability to automatically reverse the
receipts for rejected settlements. It covers the following:
Automatic Receipts Reversal process – Run the Automatic Receipts Reversal process to reverse receipts, not reversed by
the Retrieve Funds Capture Acknowledgements process.
Reversal Status Report - The Reversal Status Report shows receipts that are automatically reversed and receipts that are
not reversed either when the Payments Retrieve Funds Capture Acknowledgements process or the Automatic Receipts
Reversal process runs. The Payments Retrieve Funds Capture Acknowledgements process or the Automatic Receipts
Reversal process automatically submits the Reversal Status Report. It also supports manual submission.
2. Assumptions and Prerequisites
In this document, the following entities are assumed to have already been set up :
Data Security
Geographies
Enterprise Structure
Customers
Procurement Business Function
Common Options for Receivables
Document Sequencing
Receipt Classes and Methods
Bank accounts
ISO 20022 Direct Debits setup
It is recommended that the ‘Implementation Project’ is complete for your organization before commencing the ‘Feature
Specific Setup’ outlined below. If you require further details, refer to the Appendix.
3. Feature Specific Setup
Receivables Lookups
Task name: Manage Receivables Lookups
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Navigation : Navigator –> Setup and Maintenance -> Manage Receivables Lookups
Set up the ISO rejection codes in the pain message as Reversal Reason lookup codes. The following table shows
examples of ISO rejection codes. Map the lookup codes to Reversal Categories. Automatic Receipts Reversal derives the
Reversal Reason and Reversal Category which are mandatory for reversing a receipt, from this mapping.
Code
Name
Definition
1 AC01 IncorrectAccountNumber Account number is invalid or missing. Formerly: Format of the account number specified is not correct.
2 AC04 ClosedAccountNumber Account number specified has been closed on the bank of account's books.
3 AC06 BlockedAccount Account specified is blocked, prohibiting posting of transactions against it.
Search for the Lookup Type ‘CKAJST_REASON’ in the Manage Receivables Lookups page. Create new lookup codes for
the ISO rejection codes. Once set up as a lookup code, map it to a Reversal Category as shown in the next section. This
information is mandatory for reversing a receipt.
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Reversal Reason to Category Mappings
Task name: Manage Receivables Reversal Reason to Category Mappings
Navigation : Navigator –> Setup and Maintenance -> Manage Reversal Reason to Category Mappings
The pain 002.001.03 message contains the ISO rejection codes for rejected settlements. Map the ISO rejection code set
up as a Reversal Reason to a Reversal Category using the Manage Reversal Reason to Category Mappings page. During
automatic receipt reversal, the mapping supplies the Reversal Reason derived from the ISO rejection code from the pain
002.001.03 message and Reversal Category which is mandatory to reverse a receipt. Disable the mapping if you want to
disable automatic receipt reversal for a particular rejection code.
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4. Flow diagram
5. Reversal Status Report
Use the Reversal Status Report to view information on receipts that are reversed and on receipts that are not reversed
when the Payments Retrieve Funds Capture Acknowledgements process or the Automatic Receipts Reversal process is
run. The Payments Retrieve Funds Capture Acknowledgements process or the Automatic Receipts Reversal process
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automatically submits the Reversal Status Report. It also supports manual submission. You can run the report using the
Scheduled Processes page for a Settlement Batch Reference or Settlement Batch Creation Date range.
6. Automatic Receipts Reversal
The Payments Retrieve Funds Capture Acknowledgements process is run only once for the pain 002.001.03 message.
The process sets the receipt status to ‘Confirmed’ for rejected settlements if the setup is incomplete or if the Reversal
Reason to Category Mapping is disabled. Use the Automatic Receipts Reversal process to reverse such receipts
automatically. Complete the missing setup prior to running the process.
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7. Relevant fields in the Customer Payment Status Report (pain 002.001.03
message)
Rejected settlements have status as ‘RJCT’ in the <TxSts> tag of the Customer Payment Status Report (pain 002.001.03
message). The <Cd> tag has the rejection code. It is this rejection code that that is set up as a Reversal Reason and
mapped to a Reversal Category in the Manage Reversal Reason to Category Mappings page. The <AddtlInf> tag has
more information on the rejection reason.
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8. An example scenario
The example scenario is as follows:
1. Create two Receivables transactions.
2. Create automatic receipts for the two transactions.
3. Create a remittance batch and include the two receipts. Approve the remittance batch.
4. Create a settlement batch.
5. Prepare and upload the acknowledgement message file. Both the settlements are rejected with rejection codes
‘AC01’ and ‘AC04’. The example assumes that the rejection code ‘AC01’ is set up as a Reversal Reason and
mapped to a Reversal Category. The rejection code ‘AC04’ is not setup as a Reversal Reason.
6. Run the Retrieve Funds Capture Acknowledgements process for the settlement batch. Verify the receipt for the
rejected settlement with code AC01 is reversed and the status of the receipt for the rejected settlement with
code AC04 is set to ‘Confirmed’.
7. Complete the missing setup for code AC04 and run the Automatic Receipts Reversal process. Verify the receipt
for the rejected settlement with code AC04 is now reversed. Check the Reversal Status Report output to see the
receipt status.
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Transaction entry
Task name: Create Transaction
Navigation : Navigator –> Receivables Billing -> Create Transaction
Create Receivables transactions. Select the appropriate automatic receipt method on the transactions for ISO 20022
Direct Debits. Create two Receivables transactions “trx_1” and “trx_2” as shown. Choose the appropriate receipt
method.
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Automatic Receipts Creation
Task name: Create Automatic Receipts
Navigation : Navigator –> Receivables Balances -> Create Automatic Receipts
Run the Create Automatic Receipts process with suitable selection criteria to select the transactions created in the
previous step. Create Automatic Receipts for the two transactions.
Remittance Batch Creation
Task name: Create Receipt Remittance Batch
Navigation : Navigator –> Receivables Balances -> Create Receipt Remittance Batch
Run the Create Receipt Remittance Batch process for the automatic receipts created in the previous step. Create a
remittance batch and include both the receipts. Approve the remittance batch.
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Settlement Batch Creation
Task name: Create Settlement Batches
Navigation : Navigator –> Funds Capture -> Create Settlement Batches
Run the Create Settlement Batches process to create a settlement batch for the receipts
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Acknowledgement file upload
Task name: File Import and Export
Navigation : Navigator –> Tools -> File Import and Export
Upload the acknowledgement file. For details on the acknowledgement file, refer the section on ‘Relevant fields in the
Customer Payment Status Report (pain 002.001.03 message)’
Prepare the acknowledgement message. Both the settlements are rejected with codes AC01 and AC04. The
example assumes the code AC01 is already set up as a Reversal Reason and mapped to a Reversal Category.
Refer to the attached sample acknowledgement message.
10893_1_test.xml
Upload the acknowledgement message.
Acknowledgement message processing
Task name: Retrieve Funds Capture Acknowledgements
Navigation : Navigator –> Funds Capture -> Manage Settlement Batches
Run the Payments Retrieve Funds Capture Acknowledgements process for the settlement batch. Verify the receipt for
the rejected settlement with code AC01 is reversed and the status of the receipt for the rejected settlement with code
AC04 is set to ‘Confirmed’.
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Automatic Receipts Reversal
Navigation : Navigator –> Tools -> Scheduled Processes
Run the Automatic Receipts Reversal process to reverse receipts that are not reversed by the Retrieve Funds Capture
Acknowledgements process. Complete the missing setup for code AC04 and run the Automatic Receipts Reversal
process. Verify the receipt for the rejected settlement with code AC04 is now reversed. Check the Reversal Status
Report output to see the receipt status.
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