EDI PAYORD Payment order message
EDI PAYORD Specification
A Payment Order is sent by the Ordering Customer (or Payor orAgent on behalf of the Ordering Customer) to the Ordered Bank, to instruct the Ordered Bank to debit an account it services for the Ordering Customer, and to arrange for the payment of a specified amount to the Beneficiary (or Payee or Agent in favor of Beneficiary) in settlement of the referenced business transaction(s). Throughout this document, the term 'OrderingCustomer' refers to either an Ordering Customer, or a Payor orAgent acting on behalf of the Ordering Customer; likewise the term 'Beneficiary' refers to either a Beneficiary, or a Payee or Agent 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