Creating a Custom Format Mapping

In this lesson, you'll learn how to create a custom format mapping that aligns with requirements of a "Demo Bank" in Maldives, as part of the 'Map Format Data for Payments' process. Additionally, you will learn how to include a field in the payment data that isn't usually part of it by default and how to either encapsulate the file in a bank-specific envelope or rename the file to meet the bank's requirements.

The payment file should include credit transfer details for supplier payments. It has a header section with the file's identification, a summary of the amounts, and the total number of transactions in the file. A new batch is created for each payment method. The batch details include the debtor's account information (name and address) and payment details. The payment information section contains the creditor's account details (name and address), transaction reference, amount, execution date, and remittance information. To understand the specific requirements, you might receive from your bank, please refer to the table below.

In this exercise, you'll discover the necessary steps to create a new format mapping for payments and outgoing payment files.