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Implementation of CGI – PAIN 001.001.09 as a new payment medium format
Project duration: 5 months
Brief description
The customer's automated payment run will be converted to the new payment format in accordance with ISO 20022. The pain.001 message is part of the ISO 20022 standard for financial messages. The payment transaction format pain.001.001.09 has been implemented for SEPA payments. A customer-specific CGI format tree was created and an exit function module was used to meet the requirements of the German banking industry (DK). Translated with DeepL.com (free version)
Supplement
ISO 20022 is an international standard for electronic data exchange between financial institutions. The requirements of the German banking industry (DK) make it necessary to make adjustments to the CGI standards. For SEPA payments, the payment transaction format pain.001.001.09 replaces the format pain.001.001.03.
Subject description
Payment medium files are created using the Payment Medium Workbench (PMW). This is a tool for configuring and creating payment media that a company wants to send to its house banks.
Overview
- Industries chemical industry
- Specialist tasks payment transactions, SEPA migration
- DV tasks standard software support
- System environment standard software: ERP systems
- Procedure model ASAP (SAP)
- Development/ test tools XML Notepad
- Standard software SAP ERP
Project period01.07.2024 - 02.12.2024
