EDI Transaction Set
EDI 820: Payment Order / Remittance Advice
EDI 820 is the X12 Payment Order / Remittance Advice transaction set, used within Electronic Data Interchange (EDI). The transaction set can be used to make a payment, send a remittance advice, or make a payment and send a remittance advice. This transaction set can be an order to a financial institution to make a payment to a payee.
What the 820 transaction set covers
Payment Order/Remittance Advice This X12 Transaction Set contains the format and establishes the data contents of the Payment Order/Remittance Advice Transaction Set (820) for use within the context of an Electronic Data Interchange (EDI) environment. The transaction set can be used to make a payment, send a remittance advice, or make a payment and send a remittance advice. This transaction set can be an order to a financial institution to make a payment to a payee. It can also be a remittance advice identifying the detail needed to perform cash application to the payee''s accounts receivable system. The remittance advice can go directly from payer to payee, through a financial institution, or through a third party agent.
How Interlink handles the 820
Interlink Commerce maps, transmits, and monitors the 820 for you as part of fully managed EDI — connected straight to your ERP or systems, certified against your retailer’s requirements, and billed only when you trade. Most suppliers go live within 30 days.