Payments based on ISO 20022 standard

Use the delivered SEPA/ISO 20022 payment templates to transfer payments based on this 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.

Ensure legislative compliance.

Steps to Enable and Configure

Follow these steps if you work with a customized version of this report:

  1. 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.
  2. Delete the custom version of the report from the same folder.
  3. 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?

Tips And Considerations

Consider this mapping between fields on the Organization Payment Method and attributes in the template to get a correct reporting:

Field on OPM Code Attribute in template Data source for reporting Note
Bank Name EFT_BUREAU_NAME Dbtr/Nm EFT_BUREAU_NAME is not null, else PSU_NAME Name by which a party is known and which is usually used to identify that party
Company Name EFT_USER_NAME InitgPty/Nm EFT_USER_NAME is not null, else PSU_NAME Name by which a party is known and which is usually used to identify that party.
Company Reference EFT_USER_REF Pmtinf/Pmtinfd EFT_USER_REF + EFT_REFERENCE if not null Reference assigned by a sending party to unambiguously identify the payment information block within the message.
Payment Reference EFT_REFERENCE Pmtinf/Pmtinfd EFT_USER_REF + EFT_REFERENCE if not null Reference assigned by a sending party to unambiguously identify the payment information block within the message.
Additional Payment Text EFT_TEXT2 InitgPty/Id/OrgId/Other/Id

EFT_Text2 if not null, else Id element will be excluded

 Company registration number.
For Ireland provide the Originator Identification Number (OIN).
Payment Free Text EFT_TEXT RmtInf/Ustrd

PAYMENT_REFERENCE_NUMBER if not null (for third party payments)
else
EFT_TEXT + Start + End Date

Example:
EFT_TEXT = "Salary for period:"
will be reported as "Salary for period: 01.11.2025 - 30.11.2025" as remittance information

 Purpose of the payment stored as remittance information.

Please note: The city (TwnNm) and the country (Ctry) of the employer and employee address are mandatory fields in the template!