Financial Management - PSFT (MOSC)

MOSC Banner

Financial institutions sending CCD files to FRB

edited Feb 25, 2015 7:44PM in Financial Management - PSFT (MOSC)

We are a credit union that would like to begin using ACH to make vendor payments. I've been testing the process using the CCD+ file format. As a financial institution ourselves, our bank is the Federal Reserve and when we send them a test file, it is rejected due to having the vendor's bank DFI in the Trace field of the Detail Record line. The Fed is indicating this field should be populated by our DFI number.

Oracle is telling me there is no way to make this happen without a customization. I'm having a hard time believing that this should be the case, given the length of time the electronic payments via ACH process has been used. Does anyone have any experience with this, particularly in a banking environment?

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

PSFT Financial Tags

Instructions for posting

×

1. Select a discussion category from the picklist.


2. Enter a title that clearly identifies the subject of your question.


3. In the body, insert detailed information, including Oracle product and version.


Please abide by the Oracle Community guidelines and refrain from posting any customer or personally identifiable information (PI/CI).


Cloud / Fusion customers - Our Cloud community has moved! Please go to Cloud Customer Connect .


New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center