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UK Faster Payments Scheme Eases Access For Developers

PYMNTS

Faster Payments today uses the ISO 8583 messaging standard, however, so developers need to ensure that solutions can migrate from ISO 8583 to the globally recognized ISO 20022. According to Faster Payments, a resource to help developers map between these two messaging standards is also aligned with the U.K.’s

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Seeking A Better Way To Test The Newest Payments Tech

PYMNTS

Gilde explained that Paragon has its eye on B2B and commercial payments, especially when it comes to messaging standards. There is a lot of blurring between the ISO 8583 format and ISO 20022 format, which starts to move you towards the commercial banking side,” he said.