EDI PAYMUL: Multiple payment order message
EDI PAYMUL Specification
A Multiple 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 account it services for the Ordering Customer, and to arrange for the payment of specified amounts to several Beneficiaries (orPayees) in settlement of the referenced business transaction(s). Throughout this document, the term 'Ordering Customer' refers to either an Ordering Customer, or a Payor or Agent acting(sending) on behalf of the Ordering Customer; likewise the term'Beneficiary' refers to either a Beneficiary, or a Payee orAgent acting on behalf of the Beneficiary.
Sources
Accredited Standards Committee X12. ASC X12 Standard [Table Data]. Data Interchange Standards Association, Inc., Falls Church, VA. http://www.x12.org