The Payments Feature is used to enter payments and apply
payments, credit memos and debit memos to Orders.It is also used to create credit memos and
issue refunds.
Payments feature benefits include:
Accept
online payments for event registration, donations, product purchases,
subscriptions and membership dues.
If
desired, accept payments for online use of PortalProdigy features such as
Exchanges and Press Release.
Works
with Internet merchant account payment systems and accept Visa, Master
Card, American Express, and Discover credit card payments as well as
online checks.
Provides
both automated credit card authorization and manually entered
authorization.
Provides
electronic credit card settlement upon order fulfillment.
Provides
secure SSL 128 bit encryption protection.
Supports
CSC and AVS verification for additional fraud protection.
Allows
for “pay on account” option.
Ability
to distribute a single payment to multiple orders.
Retrieve
orders for payment distribution by Company or Individual.
Time
saving automatic payment distribution option.
Manages
refunds and credits.
Publish
payment, collection and receivable reports.
Automatically
creates GL entries.GL entries are
created in GAP format.
Some of the components, fields and settings of the Payments
feature, discussed in detail in this chapter, are:
