EDI PAYEXT Extended payment order message
EDI PAYEXT Format
EDI PAYEXT Specification
An Extended Payment Order is sent by the Ordering Customer (orPayor or Agent on behalf of the Ordering Customer) to theOrdered Bank, to instruct the Ordered Bank to debit an accountit services for the Ordering Customer, and to arrange for thepayment of a specified amount to the Beneficiary (or Payee orAgent in favour of Beneficiary) in settlement of the referencedbusiness transaction(s), and to provide to the Payee fulldetails of the transactions to which the Extended Payment Orderrelates. Throughout this document, the term 'Ordering Customer' refersto either an Ordering Customer, or a Payor or Agent acting onbehalf of the Ordering Customer; likewise the term'Beneficiary' refers to either a Beneficiary, or a Payee orAgent acting on behalf of the Beneficiary.
Accredited Standards Committee X12. ASC X12 Standard [Table Data]. Data Interchange Standards Association, Inc., Falls Church, VA. http://www.x12.org