Authorize Payments Grid

Description

The Authorize Payments grid details all payments pending authorization, which you can approve and/or decline.

The grid is sorted to display the payments in ascending order by creation date and time.

Field Descriptions

Authorize Column
Contains a radio button that, when selected, marks the corresponding payment to be approved.

Decline Column
Contains a radio button that, when selected, marks the corresponding payment to be declined.

Note: It requires only one user to decline a payment even if your company is registered for dual authorization or authentication.

Beneficiary Name
Displays the individual, company or bank that is to receive the payment

Due Date
Displays the date on which the payment will be processed and the settlement account debited. Once fully authorized, postdated payments will be warehoused at TD and processed on the Due Date.

Payment Amount/Currency
Displays the amount and currency of the payment. When the amount link is selected, the complete details of the payment are displayed.

Last Modified by
Displays the User ID of the individual who last performed a function on the payment.

Authorize Status
Indicates the level of approval the transaction has received. The following statuses are possible in the Authorize Grid:

Single Authorization/Authentication Scenario

• Pend/Auth: no approval has been given to this transaction

Dual Authorization/Authentication Scenario

• Pend/Auth: no approval has been given to this transaction
• Auth 1 - User ID: the first approval has been granted by the User ID identified.

Once the appropriate level of approval is received, the transaction is:

1. Submitted to TD for processing
2. Removed from the Authorize - Payments Grid
3. Authorize and Payment statuses are updated accordingly in the Activity List