820
Payment Order/Remittance Advice
Functional Group=RA
Purpose: This Draft Standard for Trial Use 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.
 
Heading:
 
Pos
Id
Segment Name
Req
Max Use
Repeat
Notes
Usage
 
 
010
Transaction Set Header
M
1
 
 
Must use
 
 
020
Beginning Segment for Payment Order/Remittance Advice
M
1
 
 
Must use
 
 
030
Note/Special Instruction
O
>1
 
 
Used
 
 
035
Trace
O
1
 
C1/035
Used
 
 
050
Reference Identification
O
>1
 
 
Used
 
 
LOOP ID - N1
 
 
>1
 
 
 
 
070
Name
O
1
 
C1/070
Used
 
 
Summary:
 
Pos
Id
Segment Name
Req
Max Use
Repeat
Notes
Usage
 
 
010
Transaction Set Trailer
M
1
 
 
Must use
 
 
Comments:
1/035
The TRN segment is used to uniquely identify a payment order/remittance advice.
1/070
The N1 loop allows for name/address information for the payer and payee which would be utilized to address remittance(s) for delivery.


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