Experts
camt messages according to ISO 20022 are indispensable in payment transactions and continue to gain in importance. They enable efficient cash management and account reconciliation. CBPR+ and instant payments are adding new use cases that further expand the use of camt messages.
5 September 2024
Cryptocurrencies are adopting the ISO 20022 standard to improve interoperability with traditional financial systems and to gain trust. This facilitates integration, improves compliance and optimizes cross-border payments.
The combination of QR-bill and e-bill optimizes accounting by increasing efficiency and security. The broad acceptance and integration into payment systems, as well as the protection of personal data, make them an important tool in modern business transactions.
8 March 2024
Confirmation of Payee (CoP) protects against fraud and incorrect transfers by comparing the name of the beneficiary with the bank details. CoP is to be introduced in the EU. It increases security and trust in online payments, especially for instant payments.
5 December 2023
Four eBill use cases illustrate the advantages of electronic invoicing and payment. The automated process leads to faster payments, fewer errors and improved cash flow. It thus contributes to a more efficient payment process overall.
6 September 2023
The migration from Swift MT to ISO 20022 requires payment systems to be adapted worldwide. Cross-border payments are often processed via correspondent banks. The new messages improve efficiency and standardization in global payment transactions.
15 March 2023
Refunds due to returned goods and erroneous credits are a regular occurrence. Until now, an automated reversal was not possible. This inevitably involved investigation efforts, manual work and follow-up costs for the bank or beneficiary. This is about to change.
7 December 2022
The EPC has established guidelines on how to simplify data collection for initiating a SEPA credit transfer with a QR code. Like the QR-bill, the EPC QR code is suitable for use cases where the transfer information stored in the QR code also appears in the plain text.
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