Explain payment Method in Accounts Payable?

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A funds disbursement payment method is a medium by which the first party payer, or deploying company, makes a payment to a third party payee, such as a supplier. You can use a payment method to pay one or more suppliers. Oracle Payments supports several payment methods for funds disbursement, including the following:

☛ Check
☛ Electronic
☛ wire
☛ Clearing
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