Details
May 28, 2015
12:30PM - 2:00PM
How to Execute ISO 20022 Payment Initiation via the ACH Network
Webinar Presented By NACHA – The Electronic Payments Association & the Regional Payments Associations
Member $199 | Non-Member $398
NACHA recently published the ISO 20022 Mapping Guide to assist financial institutions in translating ISO 20022 payment instructions sent from their corporate customers into ACH payments. ISO 20022 is a standard for financial service messaging used to describe business processes, such as payments, developed by the International Organization for Standardization (ISO), an international standard-setting body.
Globally, some countries and multinational companies have already implemented ISO 20022 payment functionality, and these companies are now sending ISO 20022 payment instructions files to U.S. banks that need to be translated into ACH payments. Financial institutions have also reported to NACHA that many RFPs for bank services they are receiving from companies now include requests for ISO 20022 support.
To assist U.S. financial institutions with growing corporate customer needs, NACHA developed instructions outlining how to map the ISO 20022 payment files to ACH transactions. The ISO 20022 Mapping Guide standardizes the practice of mapping ISO 20022 formatted payment messages to corresponding NACHA file formats including CCD, CTX, and IAT.
The purpose of this webinar is to instruct participants on usage of the Mapping Guide and to answer related questions. Attendees will:
- Review the ISO 20022 landscape and corporate drivers for implementing ISO 20022
- Learn how the Mapping Guide can be used to support their customers that originate ISO 20022 payment instructions.
- Receive free email support through August 31, 2015 regarding questions on Mapping Guide usage and related questions.
SPEAKERS:
Nasreen Quibria
Managing Director & Founder, Q insights
George Throckmorton
Managing Director, Network Development, NACHA - The Electronic Payments Association
Robert Unger, AAP
Senior Director, Product Management & Strategic Corporate Relations, NACHA - The Electronic Payments Association
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05/28/2015 12:30 PM
05/28/2015 02:00 PM
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How to Execute ISO 20022 Payment Initiation via the ACH Network
Member $199 | Non-Member $398
NACHA recently published the ISO 20022 Mapping Guide to assist financial institutions in translating ISO 20022 payment instructions sent from their corporate customers into ACH payments. ISO 20022 is a standard for financial service messaging used to describe business processes, such as payments, developed by the International Organization for Standardization (ISO), an international standard-setting body.
Globally, some countries and multinational companies have already implemented ISO 20022 payment functionality, and these companies are now sending ISO 20022 payment instructions files to U.S. banks that need to be translated into ACH payments. Financial institutions have also reported to NACHA that many RFPs for bank services they are receiving from companies now include requests for ISO 20022 support.
To assist U.S. financial institutions with growing corporate customer needs, NACHA developed instructions outlining how to map the ISO 20022 payment files to ACH transactions. The ISO 20022 Mapping Guide standardizes the practice of mapping ISO 20022 formatted payment messages to corresponding NACHA file formats including CCD, CTX, and IAT.
The purpose of this webinar is to instruct participants on usage of the Mapping Guide and to answer related questions. Attendees will:
Review the ISO 20022 landscape and corporate drivers for implementing ISO 20022
Learn how the Mapping Guide can be used to support their customers that originate ISO 20022 payment instructions.
Receive free email support through August 31, 2015 regarding questions on Mapping Guide usage and related questions.
SPEAKERS:
Nasreen Quibria Managing Director & Founder, Q insights
George ThrockmortonManaging Director, Network Development, NACHA - The Electronic Payments Association
Robert Unger, AAP Senior Director, Product Management & Strategic Corporate Relations, NACHA - The Electronic Payments Association
Webinar Presented By NACHA – The Electronic Payments Association & the Regional Payments Associations