Setting Up the Interface

Related Topics

The Vendor Education Loans section of the Credit Union Profile – Loans tab lets you specify the following information for processing your education loans:

  • payment general ledger
  • payment clearing branch
  • loan type the vendor education loan will be assigned to
  • vendor phone number to be displayed on the Transactions – Vendor Credit Card, Mortgage & Education Payments tab
  • cutoff time determined by the loan processor and Portico

If your credit union uses Teller Administration - Expanded, a unique product code must be created to process education loan payments using the Transactions - Deposits, Withdrawals, Payments, Transfers tab. The Transaction Definition window uses the master type code MLED and a process ID of AP for the Portico Host Cash/Check Disbursal Transaction ALD and the Portico Transactions - Deposits, Withdrawals, Payments, Transfers tab.

To add an education loan product code, complete the following steps:

  1. Click Administration within the Teller Management menu on the Portico Explorer Bar. On the Administration menu bar, click Product Code, then click New Product Code. The Product Code Information - New window appears.
  2. In the Product Code field, enter your product code.
  3. Click the Master Code down arrow and select MLED.
  4. Enter a description of the product code in the From Description and To Description fields. Be sure to use a description that your tellers will easily understand.
  5. Complete the remaining fields as needed and click Save.

When processing education loan payments, the system will use the general ledger account specified in the Payment GL Account field in the Vendor Education Loans section of the Credit Union Profile – Loans tab.

When you’ve added a product code on the Product Code Information window, you can add the product code to the ALD transaction code:

  1. Click Administration within the Teller Management menu on the Portico Explorer Bar. On the Administration menu bar, click Transactions, then click Transaction Definition. The Transaction Definition window appears.
  2. Click the Transaction down arrow and select ALD - Cash/Check Disbursal. Then, click the green arrow.
  3. In the From Information columns, click the Product Code down arrow and select your product code.
  4. In the To Information columns, click the Product Code down arrow and select your product code.