Remove Nacha Operating Rules Remove SWIFT Remove Wire Transfer
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Clearing Up The Case For ISO 20022

PYMNTS

to leverage ISO 20022 payment message standards for the payment itself and for remittance, without forcing everyone to make changes to the ACH formats and continue with existing NACHA Operating Rules ,” Estep said. Unlike the situation with high-value wire transfers, there’s no wide-scale conversion planned for ACH.