Concept: Electronic Payment Methods

Workday provides payment methods to which you can define configurable payment types using the

Maintain Payment Types

task. Some of the payment methods are electronic, which have additional processing considerations.

When you settle a payment that's associated with an electronic payment method, Workday sends an electronic payment file to the banks involved. For electronic payments using the digital disbursements payment method, payees can provide their mobile phone number or email address instead of bank account information. Digital disbursements is available as a payment method for miscellaneous payment requests.

However, when you use a third-party vendor to process payments outside of Workday, the third-party vendor sends electronic payment files to the banks. To prevent the banks from receiving duplicate electronic payment files, Workday recommends mapping payment types associated with third-party vendors to

Manual

. This recommendation doesn't apply to student payments because Workday doesn't settle student credit card payments. Workday recommends mapping student credit card payments to either

Credit Card

or

Manual

.