2957318 - Collection authorization does not exist for bank key && account &

Error message: Collection authorization does not exist for bank key && account && - FZ647

"Image/data in this KBA is from SAP internal systems, sample data, or demo systems. Any resemblance to real data is purely coincidental."

SAP S/4Hana Cloud

In the App Manage Automatic Payment ( ID F0770), in the proposal/ payment log you can see:

Collection authorization does not exist for bank key && account &&

Missing configuration in the Customer/Vendor master data for Collection authorization

Check if you have set the flag Collection Authorization in the Payment Method - SSCUI 101972 - Set Up Payment Methods per Country for Payment Transactions

Check if you have flagged the field Collection Authorization in the App Mainatin Business Partner:

 Manage Automatic Payments

2712100 - Error FZ647 occurs in T-CD F110

Collection authorization, FZ647, FZ 647, Bank Account, 101972, payment method, Maintain busines partner, F0770, Manage automatic payment , KBA , FI-FIO-AP , Fiori UI for Accounts Payable , How To