Setup Requirement U0212 Misc Cust U0212 Auto-Pay U0212 EOP U0244 U0735

Electronic Payments

Overview document (not a LeasePak menu item)
Corresponding End of Period process: Electronic Payments

Describes automatic payments, a feature that allows the user to set and use electronic payments via credit/debit card. Requires the Electronic A/R (ACH/PAP) module.

Setup Requirements

To use the functionality of electronic payments users must follow the follwoing setps to process automatic payments as batch of payment using credit/debit card.

1. Select a Payment Gateway Vendor (PGV).
2. Get a Payment Gateway Vendor (PGV) login credentials (to make API calls)
   
   

   Once credit card token ID is generated and stored, change to the (Payment Gateway Vendor (PGV) will no longer validate the generated token ID.

For LeasePak Client:

1. License and module requirements:- A/R (ACH/PAP) & Cash Control module must be purchased.
2. Acquire an electronic payment service account and set up an account through U0735 Electronic Payment Service Account.
3. Configure preferred payment to match LeasePak’s interface requirements.
4. Setup each portfolio by:
   
   
   • Configuring the electronic payments settings from U0212 Portfolio→Auto-Pay Customizations, U0309 Electronic Payments, U0735 Electronic Payment Service Account, U0244 Electronic Payment Source, and U0801 Application→Auto-Pay.
   • Set the required currency type code from U0212 Miscellaneous Customization.
   • Scheduling Auto-Pay to run as part of EOP.
5. Update lease(s) that will use automatic payments with the following information:
   
   
   • Enter or select an Electronic Payment Source for the lease(s).
   • Turn on Auto-Pay for the lease.

To use the functionality of Auto-Pay users must contact a merchant account provider (preferred payments gateway service) and setup an account that can be used to process credit/debit card payments.

Once user login is created with merchant account (Preferred Payments) use the login credentials to the Virtual Terminal. Select Options->Settings, Search for customer vault ID under the Available Fields, tug it over to the fields returned, and save changes made.

Then look for and click on Security Key.

You can select a security key from this screen to use or you can create a unique security key. Security options helps to determine the requirements and to validate a credit card.

 

U0212 Portfolio→Auto-Pay Customizations

Update each portfolio which is required to process electronic payments by credit/debit cards. Use LeasePak U0212 Portfolio→Auto-Pay Customizations and update the settings as per the requirements matching to users required business rules.

 

U0212 Portfolio→Miscellaneous Customizations

Use U0212 Portfolio→Miscellaneous Customizations to setup Currency Type Code that must be used by that portfolio.

 

U0212 Portfolio→End of Period Customizations

Select Auto-Pay module to run during EOP from End of Period Customizations option of U0212 Portfolio.

 

U0244 Electronic Payment Source

Users must ensure that the lease(s) to process credit/debit card payments automatically or on demand must have entered credit/debit card information along with the electronic payments process turned on. Credit/Debit card details can be set through LeasePak U0244 Electronic Payment Source.

 

U0243 Automatic Payment Interval Schedule

Once credit card is setup, the auto-pay can be scheduled through U0243 Automatic Payment Interval Schedule or directly through U0227 Automatic Payment Settings.

 

U0735 Electronic Payment Service Account

Use the gathered information from Preferred Payments gateway and enter that information into LeasePak through U0735 Electronic Payment Service Account.

NOTE: If you are using the HTTPS protocol, the root user on the Unix Application Server should create a symbolic link named /etc/netsol-cert.crt and point the link to the file of trusted certificates. The symbolic link is required for certificate verification of the Electronic Payment Service Account's website.

 

LeasePak  Documentation Suite

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