article thumbnail

The Five Numbers That Can Make Payments More Efficient

PYMNTS

Unger shared NACHA’s case study on how global pharmaceuticals company Merck optimized its performance by employing ISO 20022 XML for ACH payments. Corporates have to want to create the efficiency, and once the desire is there, the ACH Network and banks are already capable of supporting the ISO 20022 standard.

article thumbnail

Clearing Up The Case For ISO 20022

PYMNTS

ISO 20022 is also sometimes related to the programming language XML, but those two are also not one and the same. and globally, understand the current capabilities of the ACH network in the U.S. It’s not one and the same.”. NACHA calls this work integration. THE REAL TIME(TABLE) ABOUT ISO AND REAL-TIME.