20C Configurable Encryption and Signature Keys for Stronger Payment File Security

Summary

I'm wondering what payments this 20C feature applies to.

Content

Possible payments:

• ACH transfer for payroll 
• payments to VISA
• payments to Suppliers, etc.

Will this feature become mandatory in later quaterly updates?

PAYMENTS

CONFIGURABLE ENCRYPTION AND SIGNATURE KEYS FOR STRONGER PAYMENT FILE SECURITY

Generate a payment file encryption and signature keys with configurable properties such as key type, key size, hashing algorithm, and key expiration date. This allows payment administrators to configure stronger keys for enhanced security of payment files transmitted to banks. Additionally, this helps payment administrators meet bank-specific payment file security requirements.

Currently you have an option to create Pretty Good Privacy (PGP) key and Secure Shell (SSH) key. However, the keys are generated with default properties and you don’t have any control or visibility to the properties of the key such as expiration date. With this enhancement, you can use ‘Advanced Create’ option to create PGP keys or SSH keys with configurable properties. For PGP key, you can provide key type, length, expiration date, encryption algorithm, hashing algorithm, and compression algorithm. For SSH key, you can provide key type and length. However, the existing behavior is still maintained and if you