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Mastercard Adds To Its New Payment Platforms Dev Team

PYMNTS

Oakes is well-versed, Mastercard said, in the development of enhanced data and capabilities for real-time payments and the implementation of the ISO 20022 XML messaging standard. She also worked at Vocalink, which is now part of Mastercard. Oakes said she is ready to meet the challenges of her new role.

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Time For B2B Payments To Get Standardized, Says Nordea

PYMNTS

But, according to Nordea, obstacles remain for ISO 20022 to take off as a payments messaging standard and provide corporates the efficiency they need. Further, not all internal banking and corporate systems can support the XML format that has gained traction in promoting ISO 20022 standardization.

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The Five Numbers That Can Make Payments More Efficient

PYMNTS

Though ISO 20022 is all about creating a standardized approach to building messaging standards across financial services, it’s still a standard that can be lost among many of the businesses that need it most.

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Clearing Up The Case For ISO 20022

PYMNTS

This “standard for standards” is designed to set the tone for a global financial industry message scheme, but unfortunately it is often misunderstood. The standard isn’t related to any one organization or segment, it was created by the International Organization for Standardization for many global transactions. .