Payment by Bank Transfer 

Use

The system comes with all the settings you need to be able to make domestic and foreign payments by bank transfer in the Telepay format. For these purposes, you use payment method T, which uses the report RFFONO_T.

The law in Norway requires all banks to keep a record of payments made to banks in other countries, and to report such payments to Norges Bank and other institutions. The system automatically tracks such payments for reporting (see Reporting of Foreign Payments).