Payments based on ISO 20022 standard
Use the delivered ISO 20022 payment template to transfer payments for employees having their bank account abroad. The template complies with the requirements for ISO 20022 version 2019. With the delivered Extract Delivery Options and the Report Category Components, the template works for Payment Type International Transfer.
You can ensure legislative compliance by using the payment template based on this standard.
Steps to Enable
Follow these steps if you work with a customized version of this report:
- Locally save any custom template for the EFT Report.xdo that’s found in Shared Folders/Custom/Human Capital Management/Payroll/Payment Distribution/ > EFT Report.
- Delete the custom version of the report from the same folder.
- Re-customize the delivered EFT Report and upload the saved templates.
You can customize the template if you need additional attributes.
For more information, see How do I use the ISO 20022 payment template?