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ISO 20022 and real-time domestic payments

Author

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  • Lindsay, Stephen

Abstract

ISO 20022 is making strong inroads in financial market infrastructures where an open international messaging standard is required. New developments indicate that ISO 20022 is rapidly gaining traction in domestic markets too, particularly for the next generation of real-time payments systems. This paper looks at the progress made by ISO 20022, the advantages it brings to the world of real-time payments, and the implications of a single standard emerging that replaces proprietary domestic standards and crosses the traditional boundary between value and volume.

Suggested Citation

  • Lindsay, Stephen, 2015. "ISO 20022 and real-time domestic payments," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 9(1), pages 22-29, March.
    • Handle: RePEc:aza:jpss00:y:2015:v:9:i:1:p:22-29
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    More about this item

    Keywords

    payments; standards; real time; instant; ISO20022; innovation;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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