Standards

EPN has been working hard to break down straight through processing barriers and make electronic payments as easy as writing checks. Click here to for “The Remaining Barriers to e-Payments and STP”

STP 820 - A Streamlined Remittance File Format
EPN has developed a minimum remittance information standard that facilitates straight-through-processing for business-to-business payments. It is a scaled-down and manageable version of the complex 820 format. It defines the standard to be used by accounting and cash management software providers to automate electronic payment origination and receipt and is currently receiving industry-wide adoption.

Click here to download the STP 820 brochure

In financial electronic data interchange (EDI), the EDI transaction set 820 (Payment Order/Remittance Advice) is used to provide payment-related remittance data from the buyer to the seller. It contains reams of pages of requirements, and is further complicated by the fact that many industry verticals have added their own unique requirements (referred to as implementation guides). The STP 820 slices through the mountain of remittance information, and calls upon all users, regardless of industry, to recognize these fields as a sufficient remittance communication:

• Customer account number (mandatory)
• Customer name (mandatory)
• Invoice gross amount
• Amount paid
• Discount
• Purchase order
• Invoice number
• Invoice date
• Adjustment amount
• Adjustment code

STP 820 is supported by numerous organizations, such as: