Payments based on ISO 20022 standard

Use the updated ISO 20022 payment template to transfer payments based on version 2019 (pain.001.001.09) standard for employees working in your country and abroad.

Use the Make EFT Process to create SEPA payments. Additionally, a Non-SEPA payment file will be created for the case stating that there are other payments available, which are based on ISO 20022 standard but not part of SEPA.

This will work for Standard EFT and for International Transfer payment methods.

To generate the file using the seeded template, follow these steps:

  1. Navigate: My Client Groups > Payroll > Submit a Flow.

  2. LDG Selection: Choose the Legislative Data Group (LDG) relevant to your payroll.

  3. Flow Pattern: Select the Make EFT Payments flow.

  4. Parameters: Enter the required details (Payroll Stat Unit, Payment Process Profile, etc.).

  5. Submit: Once complete, navigate to the "Checklist" or "Process Results" to download the generated XML file.

Ensure legislative compliance.

Steps to enable and configure

Most banks require slight variations in the XML header. If you need to modify the delivered template, you must follow the Oracle "Custom" folder hierarchy to ensure your changes aren't overwritten during quarterly updates.

If you are updating an existing modified report, follow this specific sequence to avoid version conflicts:

  • Step 1 (Backup): Save a local copy of your custom template from: Shared Folders/Custom/Human Capital Management/Payroll/Payment Distribution/EFT Report.xdo.

  • Step 2 (Clear): Delete the old, modified version from that custom folder.

  • Step 3 (Re-create): Re-copy the latest delivered EFT Report from the Human Capital Management folder into your Custom folder, then upload your saved template back into it.

Tips and considerations

To ensure a successful bank file transmission, verify the following before going live:

  • Version Alignment: Confirm the bank supports ISO 20022 version 2019 (Commonly referred to as the 2019 release of the pain.001.001.09 schema).
  • Organization Metadata: Ensure the Initiating Party ID and Debtor Agent (BIC) are correctly configured in the Payment Process Profile.
  • Employee Data: Validate that all employee bank accounts have the required IBAN or SWIFT/BIC format, as ISO 20022 is highly sensitive to formatting errors.