The Payments Association

JUNE 9, 2025

This is more than 'coding to the spec'; different and new software is required by originating institutions, correspondent banks, intermediate banks, and even regulators or central banks to realise the advantages." Early adopters will secure a lasting competitive advantage in this evolving landscape.

ISO 20022 88

ISO 20022 Payment APIs and Integration ISOs Interoperability 88

Finextra

JUNE 27, 2025

Soon, ISO 20022, a messaging standard designed to improve how payments are processed and communicated, will become the global norm. ISO 20022 was introduced in 2004 and has since been part of a long and complex journey to improve international payment messaging. The benefits are far-reaching.

Addressing 90

Addressing ISO 20022 ISOs Payment APIs and Integration 90

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. “Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its announcement.

ISO 20022 76

ISO 20022 ISOs SWIFT Cross-Border 76

PYMNTS

SEPTEMBER 5, 2019

In July, SWIFT released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. ISO 20022 has the potential to promote efficiency in the correspondent banking community and modernize cross-border transactions.

SWIFT 72

SWIFT ISO 20022 Authorization API 72

PYMNTS

AUGUST 16, 2019

Many are choosing to implement ISO 20022 as a common messaging standard to achieve greater interoperability between payment systems, with the system seeing more than 80 implementations in over 40 markets, including with TCH’s RTP system in the U.S. Despite ISO 20022’s potential, there are barriers to it becoming the universal standard.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

AUGUST 1, 2019

More recently, SWIFT also announced new guidelines for financial institutions to adopt the ISO 20022 payments messaging standard, a way to streamline communication and transmission of data between service providers to facilitate cross-border transactions in a more efficient manner.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

SEPTEMBER 11, 2019

In July, SWIFT released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions.

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76