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Introduction To ISO 20022 For U.S. Financial Institutions
Introduction to ISO 20022 for U.S. Financial Institutions
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.