Daily updates from Odoo
Thursday, August 28, 2025
1 change · master
New functionality added to Odoo
The accounting payment system now supports the ISO 20022 format used by major US banks for domestic ACH transfers. This helps businesses prepare payment files that better match Bank of America and JP Morgan Chase requirements, with international and mixed transfers planned for later.
Original PR description
US banks are starting to implement the ISO 20022 format for transfers between domestic and international accounts. However, the major banks (Bank of America and JP Morgan Chase) have slightly different implementations of the specification vs SEPA, as such a new payment method must be created. In this first step, the US ISO 20022 payment method supports only domestic ACH transfers; however, future work will support international and mixed-type transfers as the need arises. NOTE: We are still waiting on real world tests with our accounts, but the banks are taking time on this, as such we wanted to get the review done sooner rather than later. task-4939347