ISO 20022 Definition.
The global standard for structured financial messages in XML, organized into families: pain (customer to bank), pacs (interbank), and camt (reporting). It underpins SEPA, TARGET, and the migration of SWIFT cross-border payments (coexistence with MT messages ended in November 2025). Its rich data, including structured remittance information, LEIs, and standardized addresses, improves reconciliation, compliance, and screening.
See also
Where this term appears
GuideThe four-party modelGuideCentral banks and payment infrastructuresGuidePayments in Germany, Austria, and SwitzerlandGuideWhat a payment service provider must reportGuidePayments in Central and Eastern EuropeGuidePayments in FranceGuidePayments in the Nordic countriesGuidePayments in France’s overseas territoriesGuidePayments in PolandGuidePayments in the UKGuidePayments in Russia and the CISGuidePayments in Sweden