Melisande Mual
02 Aug 2019 / 5 Min Read
The first four Payments Clearing and Settlement (pacs) usage guidelines are now available on MyStandards. These guidelines are available for download in multiple formats and supported by the MyStandards Readiness portal for testing.
The guidelines ensure the quality and consistency of data exchanged on the SWIFT network for FI to FI Customer Credit Transfer, FI to FI Institution Credit Transfer, FI to FI Payment Status Report, Payment Return. The CBPR+ group will continue to define further usage guidelines aligned with the High Value Payment System (HVPS+) guiding principles, ensuring interoperability with domestic high value payment processing.
Further usage guidelines and functionalities to support the adoption of ISO 20022 will include translation rules to and from the existing MT message types; translation utilities in-network, over APIs and as part of integration products; and an interactive and online translation sandbox.
Melisande Mual
02 Aug 2019 / 5 Min Read
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright