The Bank of England, the Pay.UK and the Payments Systems Regulator (PSR) have today published a response to the consultation on the adoption of a common global messaging standard, known as ISO 20022.
Over the summer, the Bank of England, in conjunction with Pay.UK and the Payment Systems Regulator (PSR), consulted on the adoption of a common global messaging standard, known as ‘ISO 20022’, for payments in the UK. Today, we have published our response.
ISO 20022 consultation response paper: a global standard to modernise UK payments
This document summarises responses received, sets out how the industry input has fed into our approach, and outlines our plans for the next phase of this important initiative.
More information on ISO 20022 can be found here.
