What is outgoing payment?

Outgoing Payments Workflow. The normal life cycle of an outgoing payment transaction ends when the debtor makes payment. After payment has been dispatched for an outgoing payment transaction, your bank may require tracking related to receipt of confirmations from the counterparty.
 
Outgoing Payments Workflow means that the normal life cycle of an outgoing payment transaction ends when the debtor makes payment. After payment has been dispatched for an outgoing payment transaction, your bank may require tracking related to receipt of confirmations from the counter party.
 
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