Payables and Cash Management - EBS (MOSC)

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Using ISO200022 format for US Payments

edited Dec 9, 2019 6:30PM in Payables and Cash Management - EBS (MOSC) 2 commentsAnswered

Our JPMorgan Chase bank require us to send EFT and Wire files using Customer Credit Transfer Initiation  pain.001.001.03 format ISO20022.

I know there are seeded profiles available in Oracle R12 for ISO20022 payments but the documentation says they are only for SEPA members. And US is not a member.

e.g. ‘ISOCGI Credit Transfer 001.001.03 Unstructured’ and ‘ISOCGI Credit Transfer 001.001.03 Structured’ are the templates available used by Payment process profiles

ISO20022 - CGI Credit Transfer Initiation Structured

ISO20022 - CGI Credit Transfer Initiation Unstructured

When I run payment using above profiles for US however, I get error that BIC for bank branch not available. BIC is not required for US. So I removed thee validation from seeded validation.

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