Payments Market Practices Group

Corporates experience mismatches in how banks interpret balances, report statuses, and support end-to-end processes. Interoperability is multi-layered. It includes technical connectivity, such as file transfers or APIs, but also extends to semantics. For example, what does balance or payment status mean across different payment platforms.

The X9 ISO 20022 market practices work group is looking to address these operational interoperability challenges, focusing first on 5 key areas across the working capital value chain:

1. Balance and Liquidity State
2. Payment Lifecycle States
3. Remittance and Cash Application
4. Legacy to ISO transition
5. Event / API / Reporting

This session will be an opportunity for you to learn more about this initiative and how you can lend your corporate voice into the work.

Speaker:

1. Todd Albers, Senior Payments Consultant, Federal Reserve Bank