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Hey guys,We have a request from a US customer who wants to use electronic payment for Trust of America bank.When contacting the bank, they said they do not have a specific document or layout. Has anyone created layouts for US banks? Is there a document that structures the file to be generated?

I assume that more and more bank globally will use ISO 20022 for payments. Having a quick look at their website it seems like BofA might support this format as well.

https://business.bofa.com/en-us/content/iso-20022-migration.html

Hi, 

Agree with Ralf.  ACH is also possible - but usually has some issues, so ISO is better option (assuming the bank can support it.  

Hi all,Thanks for the help.Have you already created a layout in this format?Does anyone have a document or step by step guide on how to do this?

Hi, 

Go to payment formats - payment format per company. 

This is how we enable a given payment format. We would not need to create a format / layout when it’s already supported. You enable it, then create a payment method record with that format. 

See image from IFS Cloud… IFS has many payment formats as supported. You just enable it, then complete the set up. 

 

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