#directpayment

A2A (account-to-account) payments move money directly between bank accounts, bypassing card networks and intermediaries. This enables real-time transfers with lower costs, reduced fraud risk, and faster cash flow. While the technology has existed for years, open banking, real-time payment rails, and digital onboarding have made it widely accessible for businesses of all sizes.

A2A payments now account for over 25% of global digital payment volumes, with strong adoption in markets like India, Brazil, and Europe. They are becoming the core infrastructure for transactions between businesses and consumers. This guide covers what A2A payments are, how they work, their types, use cases, and key advantages.

TODAY 3:45PM tUESDAY 12-29-2020 WATCH LIVE: JOE BIDEN DELIVERS REMARKS ON THE CORONAVIRUS CRISIS AS STATES BRACE FOR POST-HOLIDAY SURGE

© / Getty Images President-Elect Biden Delivers Remarks In Wilmington, Delaware Washington — President-elect Joe Biden will deliver remarks Tuesday on the coronavirus crisis as states brace for a surge in infections stemming from travel over the holiday season. While the number of daily new coronavirus cases appears to be leveling off, public health experts warn the counts could be affected by…

Any existing spend Money or receive Money transaction which is a direct payment can be duplicated to save re-entering data into a new transaction when most of it is the same. Overpayments, prepayments, payments on invoices, bills or expense claims and transfers between bank accounts in Xero cannot be copied.

Note: Copy a transaction by locating the Spend Money or Receive Money transaction the bank account (from the Dashboard or Accounts > Bank Accounts) opening it and choosing 'Copy' from the Options button.

Open an Existing Transaction to Copy It

A copied direct payment will be a new unsaved transaction with the same data already copied into the Spend or Receive Money fields that you can keep or edit as required.

Select the 'Copy' option from the Options button on any Spend Money or Receive Money transaction (i.e. not payments, transfers or reconciliation adjustment). You can use the copy option when viewing or editing a transaction, however if you've made any changes to a transaction on the edit screen, these will not be carried through to the copy of the transaction as they won't have been saved.

Edit the newly created transaction using the same fields as buttons as for adding and editing a Spend Money transaction or Receive Money transaction.

Blank Fields on the Copied Transaction

Date and Reference are left blank so on the new transaction you can update as applicable to the new transaction.

Account will be blank if the original account has been deleted or archived in your Chart of Accounts. The account will still remain in use on the original transaction and other transactions that used it.

Tracking fields will be blank if the original tracking option has been deleted from your tracking settings. If a tracking category has been removed altogether there will be no tracking field on the copied transaction.

If you are copying a transaction for a Contact that has been archived, the new transaction To/From field will be left blank.

Note: If you are copying a transaction where the Contact has had a name change the new transaction will show the new Contact name.

Reconciliation Status and Locked Periods

The newly created transaction will not be automatically reconciled, regardless of the reconciliation status of the original transaction.

You can copy a transaction even if it occurs in a locked period. You won't be able to save the new transaction in the same period unless your user role allows it. You can save the transaction in a period that is not locked.

Save the Copied Transaction

Choose an option for saving the transaction: