article thumbnail

Bank Of England Pulls Payment Schemes Onto Same Page With ISO 20022

PYMNTS

’s payments messaging operations through the planned adoption of the ISO 20022 messaging standard, the bank announced Wednesday (June 6). The CCM was developed to align with payment systems across borders that have adopted the ISO 20022 messaging standard. The Bank of England is streamlining the U.K.’s

article thumbnail

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.