ISO 20022 is a standards framework that enables a common global “language” for messaging in payments, cash management reporting, securities, cards, foreign exchange and trade services. The standard defines the message structure and content. For businesses, ISO 20022 has messages for payments, cash management and remittance information. Corporates can benefit from ISO 20022 as a means to simplify and standardize their treasury and payment operations.
The ISO 20022 standard is rapidly becoming the global standard for payments, and is being adopted by payment systems in the U.S. The BPC promotes adoption of ISO 20022 by publishing educational materials and conducting periodic webinars geared to businesses.
- Webinar: ISO 20022 Business Drivers (Off-site, YouTube) (08/20)
Payment systems in the U.S. and around the world are working diligently towards adopting ISO 20022. This standard promises to deliver great benefits to businesses, including operational efficiencies, improvements to treasury management and customer experience, and improved global interoperability. 20022 Labs has been working with corporations, vendors and banks to explore the implications of ISO 20022 on digital transformation. This joint Business Payments Coalition/20022 Labs webinar discusses the use-cases and business drivers for ISO 20022, how your company can benefit from using ISO 20022, and what actions you should be taking now to prepare for tighter integration of business and payments processes.
- Understanding ISO 20022 Resource Guide (PDF) (05/17)
This guide is a compilation of existing resources that provide information on the ISO 20022 standard, including tools that help with transitioning to the new standard such as mapping tools and implementation guides.
- S. Adoption of ISO 20022 (PDF) (05/17)
This white paper, which is a companion document to the Understanding ISO® 20022 Resource Guide, provides evidence of U.S. adoption of ISO 20022 for corporate to bank payment operations.
- ISO 20022 in Plain English (PDF) (02/17)
This is the presentation from webinar “Overview of ISO 20022: A Business Framework Discussion”, which covered the basics of ISO 20022, with ISO 20022 explained in plain language.