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Definition of Terms
Term Reference
- Abbr Name (Abbreviated company name)
This name appears on the supplier’s bank statement for bank formats that do not cater for a long statement reference eg. PACS - ACB Service Type
This can either be 1 Day, 2 Day, 5 Day Sub-Service or SSV/CSSV Service. Refer to your bank’s documentation. - Account Name
Name of account with bank. - Account Number
This refers to the company bank account number. - Bank Code
The SYSPRO bank code linked to the suppliers/beneficiaries that require EFT payments. - Bank format
Contains information that specifies the type of fund transfer, e.g., PACS, Nedinform, CATS etc. - Branch Number
This refers to the company bank branch number. - Seed Number
A 32-character number allocated by the user. This number is used when calculating the batch totals for the Nedinform Payments System.