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The Federal Reserve Remittance Coalition's Vendor Forum Resource Guide

Wednesday, April 20, 2016   (0 Comments)

The Remittance Coalition’s Vendor Forum is very pleased to announce the publication of “Understanding ISO 20022: A Resource Guide for Financial Institutions, Corporations and the Public.” This resource guide was authored by the ISO 20022 Education and Promotion Work Group of the Remittance Coalition’s Vendor Forum. The Work Group has identified resources available to drive a broader understanding of the ISO 20022 standard and its applications in the market, categorized these resources, and compiled them into one easy-to-navigate document for public use. 

Federal Reserve Remittance Coalition:

The Remittance Coalition is a group of organizations and individuals working together to promote greater use of electronic business-to-business (B2B) payments and electronic remittance data exchanges. The Coalition accomplishes this objective by addressing various problems and barriers that make it difficult for businesses to use electronic alternatives to paper checks and remittance advices.

The Remittance Coalition’s objective is to increase the efficiency with which business-to-business payments are made and reconciled by all types and sizes of U.S. businesses. The Coalition will accomplish this objective by promoting more unified standards, processes and common automated tools that support: (1) Using more electronic payments for B2B transactions, and (2) Originating and delivering electronic remittance data that can be associated easily with the payment.

NAPCP is a member of the Federal Reserve Remittance Coalition.

Federal Reserve Remittance Coalition:

The Remittance Coalition is a group of organizations and individuals working together to promote greater use of electronic business-to-business (B2B) payments and electronic remittance data exchanges. The Coalition accomplishes this objective by addressing various problems and barriers that make it difficult for businesses to use electronic alternatives to paper checks and remittance advices.

The Remittance Coalition’s objective is to increase the efficiency with which business-to-business payments are made and reconciled by all types and sizes of U.S. businesses. The Coalition will accomplish this objective by promoting more unified standards, processes and common automated tools that support: (1) Using more electronic payments for B2B transactions, and (2) Originating and delivering electronic remittance data that can be associated easily with the payment.


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