Search Results iby_account_owners




The IBY_ACCOUNT_OWNERS table in Oracle E-Business Suite (EBS) 12.1.1 and 12.2.2 is a critical component of the Oracle Payments module (iPayment), which facilitates the management of bank account ownership information for payees and other entities involved in payment processing. This table stores details about individuals or organizations that own bank accounts, enabling the system to validate and process electronic payments securely. Below is a detailed analysis of its structure, purpose, and integration within Oracle EBS.

Purpose and Functional Overview

The IBY_ACCOUNT_OWNERS table serves as a repository for bank account ownership information, linking payees, suppliers, or employees to their respective bank accounts. It plays a pivotal role in payment processing by ensuring that funds are disbursed to the correct account holders while complying with regulatory and internal controls. This table is particularly important in scenarios involving third-party payments, joint accounts, or accounts with multiple owners.

Key Columns and Data Structure

The table includes columns to uniquely identify account owners and associate them with bank accounts stored in related tables such as IBY_EXT_BANK_ACCOUNTS. Key columns include:
  • ACCOUNT_OWNER_ID: Primary key, uniquely identifying each account owner record.
  • EXT_BANK_ACCOUNT_ID: Foreign key referencing IBY_EXT_BANK_ACCOUNTS, linking the owner to a specific bank account.
  • OWNER_TYPE_CODE: Specifies the type of owner (e.g., 'INDIVIDUAL', 'ORGANIZATION').
  • OWNER_ID: Identifier for the owner, which may reference a party in HZ_PARTIES or an employee in PER_ALL_PEOPLE_F.
  • PRIMARY_FLAG: Indicates whether the owner is the primary account holder.
  • START_DATE and END_DATE: Define the validity period of the ownership record.

Integration with Oracle EBS Modules

The IBY_ACCOUNT_OWNERS table integrates with several Oracle EBS modules:
  • Payables (AP): Validates supplier bank account ownership during payment processing.
  • Receivables (AR): Manages customer refunds by verifying account ownership.
  • Human Resources (HR): Links employee bank accounts for payroll disbursements.
  • Treasury (CE): Ensures accurate fund transfers by validating ownership details.

Data Flow and Business Logic

When a payment is initiated, Oracle Payments references IBY_ACCOUNT_OWNERS to confirm that the payee is authorized to receive funds. The system checks the OWNER_TYPE_CODE and OWNER_ID to validate the owner's identity and cross-references the EXT_BANK_ACCOUNT_ID with the IBY_EXT_BANK_ACCOUNTS table to retrieve account details. The PRIMARY_FLAG determines the hierarchy of owners in joint accounts, while date columns ensure only active ownership records are considered.

Security and Compliance

The table supports compliance with financial regulations by maintaining an audit trail of account ownership changes. Access to this table is typically restricted to roles with payment processing privileges, and data integrity is enforced through foreign key constraints and validation rules.

Customization and Extensions

In implementations requiring additional ownership attributes, custom columns can be added to IBY_ACCOUNT_OWNERS, though caution is advised to avoid conflicts with Oracle's upgrade scripts. Custom workflows may also leverage this table to enforce approval processes for ownership changes.

Conclusion

The IBY_ACCOUNT_OWNERS table is a foundational element of Oracle Payments, ensuring accurate and secure payment processing by maintaining a reliable record of bank account ownership. Its integration with core EBS modules and adherence to regulatory requirements make it indispensable for organizations leveraging Oracle EBS for financial operations.