E-Business Suite Release 12 introduces Oracle Payments a new product to manage payments in a more comprehensive manner. Oracle Payments serves as a funds capture and funds disbursement engine for E-Business Suite products.
Oracle Payments processes transactions, such as invoice payments from Oracle Payables, bank account transfers from Oracle Cash Management, and settlements against credit cards and bank accounts from Oracle Receivables. Oracle Payments provides the infrastructure needed to connect these applications and others with third-party payment systems and financial institutions.
The funds capture and disbursement capabilities of Oracle Payments centralize the collections and disbursement recording in the system.
The user interface ...