Use ISO 20022’s rich, well-structured data to receive XML-formatted statements with invoice-level detail instead of single-line transaction summaries, improve payment security, and accelerate regulatory compliance.
Migrate to XML CAMT and XML PAIN, eliminate the hassle of rebuilding payment formats and testing bank-by-bank, and convert existing formats into the required bank formats whenever needed.
Use Unique End-to-end Transaction Reference (UETR) to track a payment file from any ERP system to the bank and back in payment acknowledgments and bank statements. Send complete invoice details within payment messages for automatic matching when remittance information flows through the payment chain.
Track international payments through the entire ecosystem, understand fee deductions, and finally eliminate the "black box" of payment processing with ISO 20022's structured remittance data, purpose codes, and payment tracking references.
Strengthen fraud detection, sanctions screening, and AML/CTF compliance at payment initiation, reduce false positives, and stop threats before they impact your organization, as ISO 20022 replaces free-text payment instructions with structured, machine-readable data fields.
Meet the ISO 20022 address management deadline for November 2026, remove unstructured addresses to fix the data that's been slowing down your cross-border payments for years, and turn a regulatory headache into an operational upgrade.
“Nucor centralized check payment processing operations with PNC Bank, which uses the ISO 20022 XML payment formats and can issue checks on behalf of Nucor’s other 12+ banks.”
