EDI Transaction Set
EDI 820: Payment Order / Remittance Advice
EDI 820 is the X12 Payment Order / Remittance Advice transaction set, used within Electronic Data Interchange (EDI). The transaction set can be used to make a payment, send a remittance advice, or make a payment and send a remittance advice. This transaction set can be an order to a financial institution to make a payment to a payee.
What the 820 transaction set covers
Payment Order/Remittance Advice This X12 Transaction Set contains the format and establishes the data contents of the Payment Order/Remittance Advice Transaction Set (820) for use within the context of an Electronic Data Interchange (EDI) environment. The transaction set can be used to make a payment, send a remittance advice, or make a payment and send a remittance advice. This transaction set can be an order to a financial institution to make a payment to a payee. It can also be a remittance advice identifying the detail needed to perform cash application to the payee''s accounts receivable system. The remittance advice can go directly from payer to payee, through a financial institution, or through a third party agent.
How Interlink handles the 820
Interlink Commerce maps, transmits, and monitors the 820 for you as part of fully managed EDI, connected straight to your ERP or systems, certified against your retailer’s requirements, and billed only when you trade. Most suppliers go live in days, not weeks.