R12: Understanding What the Oracle EBS "Payments" (IBY) module Is, and What It Does (Doc ID 1391460.1)
By Oracle_EBS on Mar 07, 2012
The Payments module (IBY) is a payment engine designed to work with multiple Oracle E-Business Suite products in order to facilitate the receipt of, issuance of, and management of, customer receipts and batched supplier payments.
NOTE: The term "supplier payments" includes payments to several types of "creditors", including external suppliers, expense payments to employees, refunds to customers, and (in the Payments Workbench) refunds received from creditors.
NOTE: As with earlier versions of Oracle Payables, single payments ("unbatched" payments to a single creditor) are still made through the Payments Workbench form in the Oracle Payables module.
Learn more about what the Payments (IBY) module is, what it does, and what products it works with within My Oracle Support document:Understanding What the Oracle EBS "Payments" (IBY) module Is, and What It Does (Doc ID 1391460.1)