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Definition of Terms

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Term Reference

  1. 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
  2. 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.
  3. Account Name
    Name of account with bank.
  4. Account Number
    This refers to the company bank account number.
  5. Bank Code
    The SYSPRO bank code linked to the suppliers/beneficiaries that require EFT payments.
  6. Bank format
    Contains information that specifies the type of fund transfer, e.g., PACS, Nedinform, CATS etc.
  7. Branch Number
    This refers to the company bank branch number.
  8. Seed Number
    A 32-character number allocated by the user. This number is used when calculating the batch totals for the Nedinform Payments System.
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