EAP: Are There Plans for PeopleSoft to Incorporate the New NACHA Micro-Entries Rule for ACH Payments?
(Doc ID 2871344.1)
Last updated on JULY 05, 2022
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Starting September 16, 2022, a new NACHA rule goes into effect that will define and standardize practices of micro-entries. This rule defines micro-entries as ACH credits of less than US$1 or any offsetting ACH debit used to verify a receiver's account. How will PeopleSoft implement this new rule?
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