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Oracle Cloud Payroll Process “Make EFT Payments” - ISO 20022 format Required for US ACH

in Payroll and Global Payroll Interface (GPI) 1 comment

Summary:

This is in reference to the 25C feature pertaining to “ISO 20022: Global Payments XML Support.” My question is: Is the XML generated by the seeded process "Make EFT Payments" compliant with the ISO 20022 standard? In other words, can the generated XML be used by financial institutions to process electronic payments (ACH), such as direct deposits to employee accounts? Please let me know.


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