Geography: This article is applicable for ANZ Transactive – Global customers banking in Hong Kong and Singapore.
Full details are available in Features by Geography.
Full details are available in Features by Geography.
Which users have access to the Periodic Payments menu?
User permissions mirror Payment Templates entitlements so if a user can only view payment templates, they will only be able to view periodic payments.
When does a periodic payment need to be approved?
- Periodic payment schedules require one approval before they can be used to create a Periodic Payment instance.
- Each scheduled instance of a Periodic Payment requires approval from the Current Payments screen or Pending Approvals workspace widget.
Why can I approve a payment created from a periodic payment schedule when I do not have 'Allow Self Approval' entitlements?
The system automatically generates the periodic payment instance up to seven days before the value date. Therefore, the ‘Allow Self Approval’ entitlements does not apply.
What types of periodic payment reports are available?
Periodic Payment Audit Report: From the Periodic Payment screen, select a periodic payment schedule from the list. From the Periodic Domestic Payment screen, click Reports > Periodic Payments Audit Report to generate a .CSV report.
When is a payment instance created?
A payment is created from the schedule seven days before the Value Date unless there is less days between the Start Date and Next Run Date.
How does the periodic payment schedule handle non-business days?
If the Next Run Date is a non-business day, the payment Value Date will either be the previous or next business day, based on the schedule. Below are some examples for how non business days are handled:
| Start Day | Repeat On | Non-Business Days | Next Run Date | Payment Created On | Payment Value Date |
|---|---|---|---|---|---|
| 19 June | Day 26 |
Process on previous business day |
26 June (Sat) |
19 June |
25 June |
| 19 June | Day 26 |
Process on next business day |
26 June (Sat) |
19 June |
28 June |
| 19 June | Day 25 |
Either choose is not looked at as Next run Date is a business day |
25 June (Fri) |
18 June |
25 June |
| 19 June | Day 19 |
Process on next business day |
19 June (Sat) |
19 June |
21 June |
How can I tell which payments are periodic payments?
The Template Name for periodic payments starts with “PPY”:
Can I receive a notification when the periodic payment created from the schedule is pending approval?
Yes. You can enable 'Transactions Pending Authorisation' from your Alerts and Notifications settings.
How can I stop a periodic payment schedule?
To stop a periodic payment schedule from generating any more payment instances, please delete the existing schedule. The schedule will appear in the Periodic Payments screen with a deleted status.For more information, please refer to the following instructions:
How can I edit a periodic payment schedule?
To edit a periodic payment schedule, please delete the existing schedule and create a new schedule with the updated details. For more information, please refer to the following instructions:
How can I add an ad-hoc beneficiary to a periodic payment schedule?
You can only add beneficiaries from your Beneficiaries list to a periodic payment schedule. To include an ad-hoc beneficiary, first add them to your Beneficiaries list before proceeding.