Structured Payment Reference on Transactions and Receipts – Demo Flow

Use case 1: Customer makes an order and a bill is generated for the order with Structured Payment
Reference. Customer makes a payment (wire transfer or check) for the invoice. Bank statement from the
remittance bank has the structured payment reference for the payments received into the bank
account.

Create an invoice and enter SPR on it.

Complete and Review Invoice.

Print Invoice and deliver to the customer.

When customer makes a payment for the invoice, create a Receipt with the SPR from the payment
entered on the receipt.

Apply the receipt to invoice.

Search for open invoices and select the invoice to apply based on SPR match

Receipt applied to invoice.

Use Case 2: Customer signs up for a subscription based service and provides direct debit authorization
from bank account.

Create an invoice with SPR and complete the invoice.

Deliver the invoice with SPR to customer.
Create automatic receipt through the background process. SPR is copied from transaction to receipt.
This receipt when settled through IBY would include the SPR from receipt in the settlement file sent to
the bank.