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UK CHAPS Payment Reason Code - Oracle Roadmap

in Payables, Payments & Cash Management 1 comment

Summary: From 1 May 2025, the Bank of England (BoE) has introduced new Purpose Codes for property transactions made by CHAPS payments. Going forward a full list of purpose codes could be mandated by BoE. Since this is a regulatory change we want to understand Oracle Roadmap to bring this feature in Oracle Fusion Payables


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