What is the difference between the Bank Payment Type of Electronic Payment and Electronic Payment-IAT?

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Posted on by Muhammad Malloy

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In the Payment Journal when selecting a bank payment type there are two options for electronic payment. The options are electronic payment and electronic payment-IAT. What is the difference between the two bank payment types.

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Alexander Ermakov 28,094 on at

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RE: What is the difference between the Bank Payment Type of Electronic Payment and Electronic Payment-IAT?

IAT is relatively new introduced International ACH format - as far as I'm concerned, it is more US related feature.

(e.g. see here paymentsviews.com/.../countdown-to-iat)