How a payment type can be customised using - pay_magtape_generic.new_formula

Question

Hi All,
We are working on R12.1.3 for South Africa legislation. The electronic payment method used over here is ACB. In the payment type window (responsibility Global HRMS Manager) we notice a procedure "pay_magtape_generic.new_formula" attached with this. And would like to know the use of this procedure. Is it to customize the EFT, if yes, How? Any note, document or guidance will be much helpful.
Thanks,
Avinash

Answer 1

Hi Avinash,
Did you check this note -
International HR and Payroll (Doc ID 261452.1)
Create Payment Types You can define legislative specific payment types through the Define Payment Types window. When creating the Electronic File Transfer (EFT) payment type, you must also provide a named packaged procedure. This procedure defines how the EFT file should be created. This is applicable to releases prior to R12.1 HRMS RUP5.
R12.1 HRMS RUP5 (13418800) delivers Direct Deposit functionality for International Payroll. If you want to use the Direct Deposit functionality for creating the electronic file then you can specify the predefined procedure pay_magtape_generic.new_formula. The procedure has the logic to generate XML file with employer, employee, and payment details. You can customize the template to meet the country specific requirement to produce the EFT file.
You can choose to use either the predefined procedure pay_magtape_generic.new_formula or create your own procedure to define how the EFT file should be created while running the Process Direct Deposit (International Payroll).
Cheers,
Vignesh