31 Jul 2019

  • ISO 20022 is an agreed methodology used to create a consistent “messaging standard” between financial institutions in the exchange of payment information, enabling a shared understanding and interpretation of the data. 

  • SWIFT has announced it plans to stop supporting non-ISO 20022 messaging standards by November 2025. This will potent...

10 Jul 2019

  • Automatic payments are payments debited by a service provider from a customer's bank account or credit/debit card for an agreed amount and frequency;

  • The service provider must gain the customer’s authority, one time upfront, to debit funds on an ongoing basis. Automatic payments will continue until the customer withdraws their permiss...

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