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Will EBS US Payroll Accommodate NACHA's New Supplemental Data Security Requirements? (Doc ID 2642270.1)

Last updated on JULY 01, 2020

Applies to:

Oracle HRMS (US) - Version 12.1.3 and later
Information in this document applies to any platform.
Will EBS US Payroll accommodate the following updated NACHA (National Automated Clearing House Association) security rules that go into effect June 30, 2020?

"Article One, Section 1.6 (Security Requirements) to require each Non-Consumer Originator that is not a Participating DFI, each Third-Party Service Provider, and each Third-Party Sender, whose ACH Origination or Transmission volume exceeds 6 million Entries annually to protect DFI Account Numbers used in the initiation of Entries by rendering them unreadable when stored electronically."

Purpose

The purpose of this document is to briefly address how EBS US Payroll will accommodate the following updated NACHA (National Automated Clearing House Association) security rules that go into effect June 30, 2021*:

"Article One, Section 1.6 (Security Requirements) to require each Non-Consumer Originator that is not a Participating DFI, each Third-Party Service Provider, and each Third-Party Sender, whose ACH Origination or Transmission volume exceeds 6 million Entries annually to protect DFI Account Numbers used in the initiation of Entries by rendering them unreadable when stored electronically."

Scope

 This document provides a brief update as to how EBS US Payroll will accommodate the upcoming updated NACHA security rules that go into effect June 30, 2020.

Details

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