EPY: Will Peoplesoft Support the New Nacha Rule Change: Micro-Entries Requirement?
(Doc ID 2889075.1)
Last updated on SEPTEMBER 28, 2022
Applies to:PeopleSoft Enterprise HCM Payroll for North America - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
There is a new NACHA Rule Change for Micro-Entries, Effective in Two Phases, September 2022 & March 2023.
Will Oracle be delivering a change to the Direct Deposit program DDP001.SQR to separate the prenote process from the direct deposits to conform to the formatting requirement for a separate back and waiting period?
Formatting Requirements for Micro-Entries
• An Originator must submit Micro-Entries as a separate batch of Entries with the content “ACCTVERIFY” in the Company Entry Description field of the Company/Batch Header Record.
Waiting Period Following Origination of Micro-Entries
• An Originator that has originated one or more Micro-Entries to a Receiver’s account may initiate future Entries to the Receiver’s account as soon as the Originator’s process for verifying the amounts of the Micro-Entries has been completed.
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!
In this Document