A Recipient is the person or business designated to receive a payment. Banking standards may also call the party a beneficiary, creditor or payee. In Quotable customer interfaces, the standard label is Recipient.
The Recipient record must identify the payee
- Legal business or individual name
- Account name and number
- Receiving institution and bank identifier
- Address or country when required
- Payout currency
- Invoice, contract or payment-purpose reference
| Record | What to match |
|---|---|
| Supplier master | Approved legal identity and contact |
| Invoice | Payee, currency and commercial obligation |
| Saved Bank Account | Verified account details |
| Payment instruction | Recipient, amount, purpose and reference |
Why the account name can differ
A trading name may differ from a registered legal name, and a group company may invoice on behalf of another entity. Do not assume the difference is harmless. Obtain documented support and independent confirmation before changing the payment record.
Recipient versus bank
The Recipient is the party entitled to receive the payment. The beneficiary bank holds or services the receiving account. An intermediary bank helps route the transfer but is not the commercial Recipient.
For international vendor payments, connect the approved Recipient to the invoice and Saved Bank Account. If any of those three records disagree, stop before choosing a Quotable Payments route.
