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Release 12

Oracle Payments:
Oracle Payments is a central engine to disburse and capture payments. For electronic payments, it connects Oracle EBS products like Receivables and Payables to financial institutions like banks and credit card processors.

Payments MANUAL PAYMENTS QUICK PAYMENTS REFUNDS NETTING PAYMENTS FUTURE DATED PAYMENTS INDIVIDUAL PAYMENTS AUTOMATICALLY CALCULATES INTREST & WITHHOLDING TAX PAYMENTS RECEIVED FROM SUPPLIER /DEBIT MEMO USED TO BALANCE PAYABLES AND RECEIVABLES BILLS PAYABLES .

Oracle Payments FUNDS DISBURSEMENT FUNDS CAPTURE ONLINE BANKS SENDING PAYMENTS TO SUPPLIER ONLINE RECEIVING .