ISO 20022

What is a common limitation of current payment message formats?
Outdated hardware
Two-digit year field
Limited space for reference data
Outdated programming language
What is the main format used in ISO 20022?
Flat file / txt
JSON
XML
YAML
How many different messages has ISO 20022 defined?
700+
25
74
145
Which of these payment market infrastructures use ISO 20022?
EURO2 for low value batch payments in Europe
TCH RTP for real time payments in US
NPP for real time payments in Australia
All three options
To use the ISO 20022 standard, permission is needed from:
No one - it’s an open standard
ISO Committee
SWIFT Standards Committee
Both ISO and SWIFT
The ISO 20022 message format used for business to bank payments is:
pain
agony
fever
trouble
What of the following features new version of pain.001 message (Version 10) has compared to older version, pain.001 (Version 3)?
Version 10 supports structured remittance information
Version 10 supports the usage of the “SupplementaryData” field
Version 10 is only supported in JSON format
Schemas for version 10 are available in multiple languages
Which one of these party names might you find in an ISO 20022 message:
Payer, Payee
Creditor, Debtor
Receiver, Sender
Bank, Customer
When you make a payment to your grandma and attach a note to the payment, which element in the pain.001 message will hold the note?
RmtInf, Ustrd
SplmtryData
Purp, Prtry
PmtTpInf, InstrPrty
What is the only element whose value remains consistent throughout the whole payment process
Message ID
Transaction ID
End to End ID
Remittance information
0
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