The ISO 20022 standard is described in the document "ISO 20022 Financial Services - Universal financial industry message scheme". The current edition of the standard includes eight parts, published in May 2013 and are available for purchase in either a PDF or paper version.

We have created readiness handbooks and FAQ to support our customers through the transition to ISO 20022, highlighting the significant changes this will bring across the payments industry, how and why these changes will happen, and the benefits they can bring.

The focus of this report is to shed light on the ISO 20022 practices and opportunities in the U.S.

July 24, 2025 - The global migration led by SWIFT began in March 2023 and ran through November 2025, culminating in the retirement of legacy message formats. During this transition period, financial institutions, processors, and vendors must support both legacy and ISO 20022 formats across their infrastructure and workflows.

March 2023 marked a major milestone with the initial CBPR+ release, signalling the start of the migration to ISO 20022 (MX). This release introduced 15 usage guidelines, covering payment initiation (pain), payment clearing and settlement (pacs), and cash management (camt) messages.

ISO 20022: First 120 days live J.P. Morgan takes a look at the issues, queries and topics around the ISO 20022 CBPR+ migration, focusing on real use cases to determine best practices financial institutions should be following. Data helps ease the pain of cross-border payments for financial institutions (FIs) There are several challenges involved in cross-border payments, but the data that is associated with each transaction can help alleviate those obstacles for financial institutions.

1 month ago - ISO 20022 is an ISO standard for electronic data interchange between financial institutions. It describes a metadata repository containing descriptions of messages and business processes, and a maintenance process for the repository content. The standard covers financial information transferred ...

ISO 20022 enables richer, better structured and more granular data end-to-end to be carried in payments messages.

ISO 20022 messages are vital to instant payments and play an important role in the overall modernization of payment processes. Specifically, they provide a structured and data-rich common language that is readily exchanged among corporates and banking systems.

The November 2025 ISO 20022 deadline is fast approaching. This transition represents both a challenge and an opportunity for the financial industry. While the road to compliance may be complex, the benefits of enhanced data richness, improved interoperability and increased efficiency make this transition well worth the effort.

February 16, 2022 - ISO 20022 is more easily adaptable then current messaging standards, making it more responsive emerging technologies, to changes in the economy, and innovation. With richer data, businesses have more improved fraud prevention measures to help ...

Status of the submissions received for the development or maintenance of ISO 20022 Message Definitions, external code sets, variants, SupplementaryData

The BPC is an industry group of organizations and individuals working to promote adoption of electronic business-to-business (B2B) payments, remittance data and invoices. Understanding ISO 20022 Resource Guide (2017) (Off-site, PDF) This guide is a compilation of existing resources that provide information on the ISO 20022 standard, including tools that help with transitioning to the new standard such as mapping tools and implementation guides.

As more market infrastructures go live with the ISO 20022 standard, financial institution clients will see increased volume, while legacy and new message formats coexist in the industry.

August 14, 2025 - By now, you may have heard that ISO 20022 is setting a new global standard for payments by providing a common language for banks, clients and market infrastructures to communicate with each other.

January 6, 2025 - Finextra reported two delays in 2023, adding to seven rollbacks in 2022, one in 2021, and three in 2020. Many of those were network hurdles to becoming a functional global standard. That’s no mean feat. March 10, 2025, is the date that ISO 20022 becomes the universal digital language for US financial services.

February 11, 2025 - The technical migration to ensure that all participants on the network are enabled for FIN Plus/InterAct has gone very well, and the 20th March date passed with few issues. However, the real test will come as we start to see a ramp-up in the use of ISO 20022 messages and the introduction of enhanced data and requirements for greater use of the ISO 20022 structured fields.

Since March 20, 2023, ISO 20022 MX Payments traffic started flowing through Swift, and with that the coexistence period for cross-border payment and reporting (CBPR+) began. In this e-book, J.P. Morgan shares insights created early in this period that may be valuable to the wider public. Within this book are actual use cases stemming from real questions and inquiries our clients faced in the first 120 days of adopting ISO 20022 CBPR+, in line with Swift standards.

April 30, 2025 - ISO 20022 adoption continues to gain momentum, with the average daily payment instructions now exceeding 1.6 million – nearly double the figure from March 2024. This growth is driven by a 50% increase in the number of BICs (Bank Identifier Codes) adopting ISO 20022.

September 5, 2025 - Ultimately, the group identified strategic reasons to adopt the ISO 20022 standard for U.S. payment transactions to achieve greater end-to-end efficiency for domestic and cross-border payments. In July 2023, the Fed launched its new instant payments platform – the FedNow Service, which leveraged ISO 20022 message formatting from inception.