This section explains how to modify an existing third-party payment beneficiary.

Overview

You can update the contact details and bank account information for an existing third-party payment beneficiary. Beneficiaries are listed in alphabetical order for easy searching.

Procedure

1. Navigate to Setup > Loan Related > 3rd Party Payment.
2. Click the Edit Beneficiary button next to the beneficiary you wish to modify.

General Information

Update the following fields in the GENERAL section as needed:

• Organisation Name: The name of the organization or individual beneficiary.
• Contact Person: The contact person's name at the organization.
• Work Telephone Number: The organization's work telephone number.
• E-mail Address: The organization's email address.
• Description: A short description for reference.

Account Information

Update the following fields in the ACCOUNT INFORMATION section as needed:

• Bank: Select the beneficiary's bank name from the dropdown list. This is a required field.
• Branch Search:
  • To find a branch code, enter an asterisk (*) and click the Search button.
  • Alternatively, enter the specific branch code (without spaces) and click the Search button.
• Branch Select: This field will automatically populate after a successful branch search. Select the preferred branch from the options.
• Branch Code: This field will automatically populate with the corresponding branch code after a successful branch search.
• Bank Account Type: Select the bank account type from the dropdown list. This is a required field.
• Bank Account Number: Enter the bank account number, ensuring no spaces. This is a required field.
• Bank Reference: The bank reference for your internal records.

Actions

• Save: Click the Save button to apply your changes and update the beneficiary information in the database.
• Cancel: Click the Cancel button if you do not wish to save the changes and want to return to the previous screen.