ISO 20022 and Online: Difference between pages

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imported>Doug Williamson
(Add quote - source - ACT - https://www.treasurers.org/hub/blog/introduction-iso20022)
 
imported>Doug Williamson
(Add links.)
 
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ISO 20022 is the international standard for financial messages, issued by the the International Organization for Standardization (ISO).  
1.  


In the context of payment and settlement systems, this term may refer to the transmission of transfer instructions by users through such electronic means as computer-to-computer interfaces or electronic terminals, which are entered into a transfer processing system by automated means.


:<span style="color:#4B0082">'''''The introduction of ISO 20022'''''</span>


:"The new standard will significantly increase the amount of data that will be able to accompany the payment instruction.  
2.  


:One of the main benefits will be an increase in the ability to automate the allocation of receipts to customer accounts – reducing the time consuming, expensive and error-prone need for manual intervention.  
The term may also refer to the storage of data by a transfer processing system on a computer database so that the user has direct access to the data (frequently in real time) through input/output devices such as terminals.


:In addition, it will allow more information regarding ultimate beneficiaries which will support any requirements for enhanced anti-money laundering protocols."


:''Association of Corporate Treasurers - blog - April 2022.''
3.  


More generally, connected to another computer or electronic terminal. 


==See also==
For example, connected to the internet.
* [[ISO]]
* [[ISO currency codes]]
* [[MT]]
* [[MX]]
* [[Society for Worldwide Interbank Financial Telecommunications]] (SWIFT)




==External link==
4. ''Retail''.
*[https://www.iso20022.org/ ISO 20022 website]


Retail offerings to consumers via the internet, rather than in a physical shop.
== See also ==
* [[Data]]
* [[Database]]
* [[Offline]]
* [[Omnichannel]]
[[Category:The_business_context]]
[[Category:Cash_management]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Liquidity_management]]
[[Category:Technology]]
[[Category:Technology]]

Latest revision as of 12:19, 13 July 2022

1.

In the context of payment and settlement systems, this term may refer to the transmission of transfer instructions by users through such electronic means as computer-to-computer interfaces or electronic terminals, which are entered into a transfer processing system by automated means.


2.

The term may also refer to the storage of data by a transfer processing system on a computer database so that the user has direct access to the data (frequently in real time) through input/output devices such as terminals.


3.

More generally, connected to another computer or electronic terminal.

For example, connected to the internet.


4. Retail.

Retail offerings to consumers via the internet, rather than in a physical shop.


See also