ASC X9 Publishes ISO 20022 Remittance Content Market Guide
Retrieved on:
Wednesday, February 23, 2022
Banking, Software, Mobile, Wireless, Professional Services, Internet, Data Management, Technology, Security, Publishing, Communications, Finance, Other Technology, Consulting, JPMorgan Chase, Efficiency, Industry, ISO, American National Standards Institute, Adoption, Climate, ANSI, TAG, B2B, Automation, Remittance, PKI, Bank
About the Accredited Standards Committee X9 Inc.
The Accredited Standards Committee X9 Inc. is a non-profit organization accredited by the American National Standards Institute (ANSI) to develop and maintain national and – through ISO -- international standards for the financial services industry. The subjects of X9's standards include: retail, mobile and business payments; corporate treasury functions; block chain technology; processing of electronic legal orders issued to financial institutions; tracking of financial transactions and instruments; financial transaction messaging (ISO 8583 and 20022); quantum computing; PKI; checks; cloud; data breach notification and more.
Key Points:
- The Accredited Standards Committee X9 Inc. ( X9 ) today announced the availability of the ISO 20022 Remittance Content Market Guide, which documents recommendations for remittance information content.
- The guide is intended to advance a major benefit of ISO 20022, which is to support straight-through processing of remittance data for business-to-business payments.
- This U.S. market practices guide, which is primarily related to ISO 20022 remittance data, was developed to be applicable to a wide variety of mainstream businesses.
- The new report is the work product of the Remittance Content Project Team of X9's U.S. ISO 20022 Market Practice Industry Forum.