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Goodbye MT Format—SWIFT Retires Legacy Payments in Favor of Blockchain-Friendly ISO 20022
SWIFT sunsetted the MT (Message Type) format for financial messaging on Saturday, Nov. 22. Having migrated to ISO 20022, global banks are now positioned to accelerate blockchain adoption. ISO 20022 ...
CHICAGO, July 15, 2025--(BUSINESS WIRE)--Federal Reserve Financial Services (FRFS) today announced the completed migration to the ISO 20022 message format for the Fedwire Funds Service, a major ...
Canada’s so-called high-value payment system, Lynx, has reportedly reached a key milestone, completely transitioning to the ISO 20022 financial message standard (MX messages), marking a step forward ...
The card transactions we carry out every day, such as making a touch payment at a store or clicking the 'purchase' button when shopping online, are exchanged as 'messages' between the merchant's ...
ISO 20022 has the potential to bring considerable benefits to regulators and regulated institutions, although the integration challenge should not be underestimated. As more financial institutions ...
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. In conversation with JPMorgan’s Masayuki Tagai, managing ...
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