ECM: SEPA Credit Transfer and ISO 20022 Credit Transfer Version 2 Payment Formats (Doc ID 885196.1)

Last updated on NOVEMBER 06, 2016

Applies to:

PeopleSoft Enterprise SCM Purchasing - Version 8.9 to 9 [Release 8.9 to 9]
PeopleSoft Enterprise FIN Receivables - Version 8.9 to 9 [Release 8.9 to 9]
PeopleSoft Enterprise FIN Expenses - Version 8.9 to 9 [Release 8.9 to 9]
PeopleSoft Enterprise FIN Cash Management - Version 8.9 to 9 [Release 8.9 to 9]
PeopleSoft Enterprise FIN Payables - Version 8.9 to 9 [Release 8.9 to 9]
Information in this document applies to any platform.

Goal

Add the SEPA Credit Transfer capabilities including the support of SEPA Credit Transfer and ISO 20022 Credit Transfer Version 2 Payment Formats in Financial Gateway, and the support of BIC (Bank Identifier Code) and IBAN (International Bank Account Number).

It is mandatory for banks to support SEPA Credit Transfer in the SEPA area starting in 2008.

SEPA features are only available with the Cash Management License which includes Financial Gateway.  The XML is only generated in Financial Gateway and not in the Pay Cycle.

PeopleSoft Financial Gateway is the strategic solution for payments in the PeopleSoft Suite.  It is a central place built to handle payments from a PeopleSoft system or any other 3rd party system.  Therefore, it was chosen to support payments requirement.

Solution

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