Setting Up - DBS FAST Payment

Introduction

DBS FAST Payment allows you to issue payments to suppliers directly from ABSS accounting software. By managing your payments and accounting on the same platform, you'll be able to significantly reduce the risk of an entry error on either ends. You'll also receive payment status and transaction reference.

This support note will guide you on how to use the DBS FAST Payment feature via ABSS Connect.

Prerequisite:

a. ABSS Premier v21.1 & above or Accounting v26.1 & above 
b. Internet connectivity
c. Data file has to be activated
d. DBS IDEAL account
f. For Accounting user or Premier user who only use local currency, please set your Window Currency format to SGD or SG$

Important Notes:

a. Payment authorization on DBS IDEAL portal can only be performed by designated approvers.
b. FAST payment incorporates the highest levels of encrypted security for host-to-host data transfer which ensures complete information security.

Setup Video:

1. This feature works on Purchases > Pay Bills.

2. Whenever user create Pay Bills transactions, this feature will send payment request to DBS Bank, user then need to approve those payment requests in DBS IDEAL. User will no longer need to manually create payment transactions in DBS IDEAL.

3. The following conditions are required to be fulfilled:

a. Must sign-up for DBS Bank Feeds service.
b. User’s DBS Bank account in Account List which use for making payment must have Linked to DBS Bank Feeds service.
c. Supplier Card > Payment Details: Details pertaining to supplier’s bank has to be filled up.

4. Once user click 'Record' button, payment request will send to DBS bank. If it successfully accepted by DBS bank then payment transactions will be recorded accordingly in data file. If failed or rejected by DBS Bank then payment transactions will NOT be recorded in data file.

5. After payment been successfully recorded, user can login to ABSS Connect to view Payment Status.

6. User can then logon to DBS IDEAL portal to approve their payments.

Note: Should there be any payments deleted directly within the data file using ABSS Premier/Accounting, the transaction will still remains within the ABSS Connect Payments tab. Users can ignore these transactions as the status will remain as Processing. Users will only need to approve matching transactions using DBS IDEAL portal. This also applies to any changes made for the payments within ABSS Premier/Accounting. The changes made won't affect the transaction within the ABSS Connect Payments tab. Users will need to delete the transaction from the data file and re-enter a new one to allow the changes to be reflected in ABSS Connect Payments tab.