24 results
ISO 20022: A Global Messaging Standard
June 24, 2019
The ISO 20022 Project Team developed the ISO 20022: A Global Messaging Standard, an educational resource to help financial institutions and companies understand the capabilities, timelines and functionality of various ISO 20022 enhancements.
Infographic
Cross-Border Collaboration is Key to Making Global Payments Work
February 19, 2019
You know how annoying it is when you go to another country and discover you can’t plug anything in because the electric outlets are different? The same thing happens today with some global payments, and the problem will intensify unless there’s international collaboration and greater standardization, two industry leaders stated.
“There are several versions now of ISO 20022 that are implemented in various different ways today.
Article
New ISO 20022 Capabilities Directory Is Inviting Entries
February 7, 2019
The Business Payments Coalition and Accredited Standards Committee X9 are creating a new reference directory listing U.S. banks and service providers that offer payment and cash management products and/or implementation services related to ISO 20022. The purpose of the ISO 20022 Capabilities Directory is to publicize the capabilities and readiness of financial institutions, treasury management providers, ERP/accounting software vendors, and others to facilitate the adoption of ISO 20022 among U.S. corporates.
Broader U.S.
Article
Federal Reserve Issued Proposed Rulemaking on ISO 20022 Adoption for Fedwire
July 6, 2018
On July 5, 2018, the Board of Governors of the Federal Reserve System (Board) released a request for comment to adopt the ISO 20022 message format for their Fedwire Service.
Article
ISO 20022 assessment report: Extract and discussion document
June 27, 2018
The assessment report provides a synopsis of the outcomes of surveys and in-depth interviews with U.S. payment and clearing settlement participants, as well as participants and payment systems operators on their thoughts around the business case for ISO 20022 adoption in the U.S.
Report
Nacha Launches Program to Support Standardization of B2B ACH Transactions
March 13, 2018
The Request for Payment program leverages the ISO 20022 message standard to enable businesses to send electronic invoices and receive corresponding payment and remittance through the ACH Network.
Press Release
Nacha Releases ISO 20022 Validator Tool
December 14, 2017
Tool Complements Nacha’s ISO 20022 Mapping Guide by Supporting Testing and Conformity of ISO 20022 Payment Instructions for U.S. ACH File Formats
HERNDON, Va., Dec. 15, 2017 – Today, Nacha—The Electronic Payments Association® announced the release of its ISO 20022 Validator Tool. The ISO 20022 Validator Tool helps to validate the mapping of ISO 20022 payment instructions into Nacha file formats for domestic ACH transactions.
Press Release
ISO 20022 Frequently Asked Questions
July 27, 2017
Discover the answers to the most frequently asked questions around ISO 20022.
Guidance
Nacha Enhances ISO 20022-to-ACH Mapping Guide
November 16, 2016
The updated Guide now includes instructions for mapping debit and additional credit transactions, rejections and returns, as well as Same Day ACH.
Press Release
Case Study: Merck Optimizes Performance Employing ISO 20022 XML for ACH Payments
November 10, 2016
Learn how Merck transformed its treasury operations so that is now leverages the international messaging standard ISO 20022 XML to execute all payment types –
from ACH to wires and checks – for commercial transactions in the U.S. as well as for the rest of the world.
Case Study
Introduction to ISO 20022 for U.S. Financial Institutions
December 10, 2015
The report provides clarity and dispel some of the myths surrounding ISO 20022 for payments, to illustrate the benefits and challenges of converting current Nacha formats to ISO 20022 messages for U.S. Network transactions, and to offer guidance for interim steps to integrate the Nacha formats with the ISO 20022 message standard.
Publication
Nacha Releases White Paper: “Introduction to ISO 20022 for U.S. Financial Institutions”
December 9, 2015
Paper explores the ISO 20022 landscape while combating myths about the global standard as it relates to payments
HERNDON, Va., Dec. 10, 2015 – Nacha—The Electronic Payments Association® announced today that it has released a white paper, “Introduction to ISO 20022 for U.S. Financial Institutions,” to shed light on the standard’s practices and opportunities in the U.S.
Press Release