EDI PAYORD Payment order message

EDI PAYORD Format

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 servicesfor the Ordering Customer, and to arrange for the payment of aspecified amount to the Beneficiary (or Payee or Agent infavour of Beneficiary) in settlement of the referenced businesstransaction(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 theterm 'Beneficiary' refers to either a Beneficiary, or a Payeeor 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

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