Person or organization receiving payment. For example, in a general collection, the payee is a federal government entity.
Element Information
The <Payee> element is a child element of the <FinancialTransaction> element. The <Payee> element is the second element under the <FinancialTransaction> element and is an optional element.
The <Payee> element contains 3 children elements and has a sequence content model. The sequence content model means that there is a particular order to the children elements of the parent element - in this case, the <Payee> element has a particular order of elements that must be followed.
Attribute Information
Name
Use
DataType
Definition
AccountPartyType
[0..1]
Individual, Business, Government
Indicates whether the party is an Individual, Business or Government.
PartyIdentifier
[0..1]
String [0, 80]
An identification number for the party involved in the transaction.
PartyName
[0..1]
String [0, 100]
The name of the party whether individual or organization.