EDI 820, also known as the Payment Order/Remittance Advice, is an electronic data interchange (EDI) transaction set used in business to transmit detailed payment information from a payer to a payee. It includes data such as payment instructions, remittance details, and financial transaction information.
The EDI 820 transaction set is part of the X12 EDI standards, which are widely accepted in the United States. It facilitates payment-related information exchange between trading partners, thereby enhancing the efficiency of business transactions. The EDI 820 is used for transmitting payment orders/remittance advice and related purposes such as invoice adjustments, debit/credit adjustments, and payment cancellations.
An EDI 820 transaction set carries a significant amount of detailed information, including segments for payment order details, individual remittances, and invoice information. Each segment contains multiple data elements, each representing a specific piece of information. For example, the BPR (Beginning Segment for Payment Order/Remittance Advice
