Payments without borders: using ISO 20022 to identify cross-border payments in CHAPS

James Duffy and James Sanders Understanding a payment’s journey around the globe can be difficult. As the operator of the UK’s high-value payment system (CHAPS), the Bank is all too familiar with this challenge. By leveraging the benefits of the newly introduced ISO 20022 standard for messaging, we have devised a new methodology to identify … Continue reading Payments without borders: using ISO 20022 to identify cross-border payments in CHAPS →