Implementing ISO20022: Why are standards so important? Anne Pieckielon writes: I recently told a friend that I was working on an ISO20022 study. Knowing my desire for action he expressed great surprise since payments standards “move with all the alacrity of an arthritic glacier”. Whilst climate change has dramatically increased the retreat of glaciers the payments world continues to move […]

Pay.UK has published a progress update regarding its consultation on the ‘Next Generation Standard for UK Retail Payments’, which closed earlier this year. Pay.UK’s full conclusions on the consultation will be published by the end of 2020. 40 responses were received from a range of financial institution participants, service providers, end user representatives and other interested parties The mid term […]

For payments to move seamlessly common standards need to be in place. The Standards Authority at Pay.UK is responsible for setting and maintaining these standards in the UK payments industry. As part of the New Payments Architecture Pay.UK are adopting the global standard ISO 20022 that allows payments to carry more associated data to provide insights, form the basis of […]

For payments to move seamlessly common standards need to be in place. The Standards Authority at Pay.UK is responsible for setting and maintaining these standards in the UK payments industry. As part of the New Payments Architecture Pay.UK are adopting the global standard ISO 20022 that allows payments to carry more associated data to provide insights, form the basis of […]