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How to setup Oracle Cloud AP Bank Payment File using MT940 file format

edited Oct 4, 2023 9:19AM in Payables, Payments & Cash Management 6 comments

Summary:

How to setup Oracle Cloud AP Bank Payment File using MT940 file format.

Content (required):

We would like to implement Oracle Cloud AP Bank Payments files to pay our suppliers in Poland. Our bank in Poland is MBank.

We processed Oracle Cloud bank payment files format codes using ISO 20022 structure, which is XML-based.

Mbank Poland is currently using MT940 payment file format to process suppliers' payments. MT940 message structure it is text-based.

Mbank said MT940 is the only payment file format they use and are not planning to change it very soon.

Could you let us know if Oracle Cloud AP Bank automated Payment file processing can code using MT940 payment file format?

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