Debtor (The Paying Party)
The Debtor is the entity that owes money and initiates the transfer. When using Stack2Pay to pay bills, your company is the Debtor whose bank account is debited.
Creditor (The Receiving Party)
The Creditor is the vendor, supplier, or contractor who is owed money and receives the funds into their account.
What is a Creditor Payment File?
A creditor payment file (vendor payout batch) aggregates all scheduled supplier disbursements into a single XML instruction for your online banking.