From September 2023 to June 2024, the Business Payments Coalition convened industry stakeholders to conduct an E-remittance Exchange Pilot. Participants utilized the virtual Digital Business Networks Alliance (DBNAlliance) exchange framework to test the electronic exchange of remittance information (e-remittance) amongst a variety of businesses. In addition to piloting sending e-remittance information on a fully operational exchange framework, work group members finalized market practices for implementing the ISO® 20022 remittance data model and prepared for the adoption of an operational exchange framework that supports e-remittance information along with e-invoices. The e-remittance solution supports all electronic payment methods including instant, ACH, card, wire and check payments.
With the pilot now complete, the BPC’s e-remittance data model is now available for integration into existing exchange framework networks.
Explore the E-remittance Exchange Pilot resources below. If you have questions, you can contact the Business Payments Coalition at business.payments.smb@mpls.frb.org. You can also access the pilot’s technical documents and resources on their Github site here (Off-site).
E-remittance Exchange Pilot Resources and Tools to Aid in Adoption
Stage of Adoption: Awareness
| Resource | Description |
|---|---|
| Digital Transformation Means Benefits for B2B Payments (Off-site) | Learn more about the many ways that businesses benefit from business-to-business (B2B) payments modernization in this video. |
| E-remittance Exchange Pilot Overview (PDF) | Review this brief one-page summary of the E-remittance Exchange Pilot. |
| Templated Blog Article (PDF) | View a template blog article organizations can use to discuss the work of the E-remittance Exchange Pilot on various channels including newsletters and websites. |
Stage of Adoption: Education
| Resource | Description |
|---|---|
| Overview of an Exchange Framework From Point A to Point B (Off-site) | Check out a step-by-step overview of how an exchange framework enables all kinds of businesses to exchange electronic supply chain documents with one another. |
| Business Case Overview (PDF) | Review this brainstorming tool for creating a business case for sending and/or receiving e-remittance data via an exchange framework. |
| Industry Vertical Business Use Case (PDF) | Browse information on the business use case for adopting an e-remittance exchange framework in various industry verticals. |
Stage of Adoption: Implementation
| Resource | Description |
|---|---|
| Implementation Overview for Businesses (PDF) | Read through the implementation overview for considerations in adopting an exchange framework to send and receive e-remittance information. |
| E-remittance Data Model Implementation Reference (PDF) | Download this guide for the information and tools necessary to get started sending and receiving e-remittance information using the BPC’s e-remittance data model. |
| E-remittance Data Model (XLS) | Explore the e-remittance data model in a user-friendly excel format. |
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