The PBS Supplier Service (PengeinstitutternesBetalingsService) is a joint venture between the financial institutions in Denmark. It is a direct debit service used by suppliers to receive payments from their customers. Agreements are set up between the supplier, the customer and the bank to authorize the bank to draw invoice amounts due for payment from the customer’s account and directly credit the supplier’s account. In DC1, this functionality is driven by the PBS A/R payment mode.
Enquiries
- Business partner file enquiry, A/R payment mode PBS – contains the payment mode and customer information used in the PBS Supplier Service functionality.