“ISO 20022 is an established international financial services messaging standard that will bring significant benefits to the global payments industry and the wider economy. The Bank of England and Pay.UK will implement ISO 20022 in the CHAPS and NPA (New Payments Architecture), as part of our objectives to improve resilience, security, user experience and innovation in the UK’s payments industry1 . The standard provides a common approach for payments data across the globe that will deliver benefits for a wide range of stakeholders; from large banks, financial market infrastructures, and businesses to consumers and payment system users. I”