Remove ACH Network Remove Message Standards Remove Wire Transfer
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Visa’s Phalen: Better Collaboration Will Push B2B Payments Into The Digital Age

PYMNTS

Interoperability will get a boost with messaging standards such as ISO 20022. If you want to originate on a card network, but pay out through an ACH network, let’s do it. If you want to originate an ACH and pay directly to an account, we can do that as well.

B2B 119
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Clearing Up The Case For ISO 20022

PYMNTS

This “standard for standards” is designed to set the tone for a global financial industry message scheme, but unfortunately it is often misunderstood. The standard isn’t related to any one organization or segment, it was created by the International Organization for Standardization for many global transactions.