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Faster Payments Council Supports ISO 20022 Transition

While the focus on advancing domestic faster payments continues, progress towards ubiquitous faster payments on a global scale is gaining momentum as well, in large part due to the global ISO 20022 migration initiative. A sizeable and challenging lift for the industry, this migration will provide for a universal standard for the processing of high-value payments, including faster payments. Ensuring the industry understands ISO 20022 and has the tools to support the transition is critical to its success. And that’s why the Faster Payments Council, with the support of other industry stakeholders, is delivering the resources and education to aid in ISO 20022 migration efforts. Click on the Read More button to learn about these in their most recent blog post.