Tag: AusPayNet
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AusPayNet supports harmonised data model
AusPayNet Supports Harmonised Data Model AusPayNet, the Australian Payments Network, has announced its full support for the harmonised data model. This new model aims to streamline and standardise payment data across the Australian financial industry, creating greater efficiency and compatibility. The harmonised data model will enable financial institutions and payment service providers to use a…
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AusPayNet introduces ISO 20022 for cross-border payments
Streamlining and enhancing cross-border transactions AusPayNet, Australia’s payments industry self-regulatory body, has announced the implementation of the ISO 20022 messaging standard for cross-border payments. This move marks a significant development in the effort to streamline and enhance global payment systems. ISO 20022, a modern and internationally recognized messaging standard, provides a common language…