Remove International Payments Remove Message Standards Remove Reconciliation
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RT2: A strategic transformation for UK payment providers

The Payments Association

Wider interoperability ISO 20022 interoperability RT2 implements ISO 20022 as its native messaging standard, unlocking enhanced interoperability and richer data capabilities across both domestic and international payment flows. Early adopters will secure a lasting competitive advantage in this evolving landscape.

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SWIFT Readies ISO 20022 For X-Border Payments

PYMNTS

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. ISO 20022 will modernize international and domestic payment rails, enabling right and new payment services.”

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Global Cross-Border Payments Expected To Grow, But Challenges Remain

PYMNTS

Recent American Express research found that greater transparency is one of the top priorities for firms that regularly make international payments. As the global economy becomes increasingly interconnected, smaller businesses and consumers will also need access to systems that enable easy cross-border payments.

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Deep Dive: Why Cross-Border Payments Need Transparency Overhaul

PYMNTS

This will put increased pressure on banks, financial institutions (FIs) and other financial services players to make international payments move as seamlessly as possible. Recent research found that access to greater visibility is one of the top priorities for firms that regularly make international payments.

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The payments regulation roadmap: Q2 2025

The Payments Association

Related links: Financial promotion rules for cryptoassets Financial promotions data 2024 Top regulatory priorities for the payments sector Mandatory adoption of ISO 20022 for cross-border payments (final preparations Q2) The transition to ISO 20022 for cross-border payments is a fundamental shift in global financial messaging standards.