Payments
365 business Banking allows you to initiate payments easily and securely. You can perform various types of payments, including SEPA credit transfers, SEPA direct debits, and standing orders. These features are directly integrated into Microsoft Dynamics 365 Business Central, providing a seamless user experience.
The supported payment types include:
Credit Transfers
Instant Credit Transfers
Scheduled Credit Transfers
Standing Orders
Bulk Credit Transfers
Direct Debits
Bulk Direct Debits
Payments are processed via finAPI GmbH, which provides a secure and reliable interface to various banks in Germany and Europe. Authentication is performed through the 365 business API, ensuring that your data is protected and no sensitive information is cached or processed.
Payment Types
Collecting Payments via Payment Services
In addition to the traditional SEPA payment types, 365 business Banking offers the ability to collect payments via payment services (e.g., PayPal). This feature allows you to accept payments from customers or business partners who prefer to use payment services for their transactions.
Currently, the following payment services are supported:
End-to-End Reference for Batch Payments
With a SEPA collective credit transfer or a SEPA collective direct debit, several journal lines are handed over to the bank together, and the bank reports the operation back as one bank transaction. So that this transaction can be assigned to its batch payment, all lines of a batch payment receive the same end-to-end reference when the payment is carried out.
How the group is formed depends on the payment type:
- SEPA collective credit transfer: lines of the same journal with the same execution date.
- SEPA collective direct debit: lines with the same mandate reference and the same collection date.
The reference is drawn from the number series in the End-to-End Reference Nos. field of the General Ledger Setup. If no number series is set up there, 365 business Banking generates a technical reference in the form E2E….
No entry required
The end-to-end reference is set automatically when the payment is carried out and cannot be edited in the journal.
For more information, see End-to-End Reference for Batch Payments.
Setup
The setup of payment types is done by defining the payment method in the Payment Method in Microsoft Dynamics 365 Business Central. Here, you can select and configure the desired payment types.
For more information on setup, see Payment Method Setup.