PeopleSoft Outsourced Check Printing/ISO 20022

The ISO 20022 payment format provides an international framework that can be leveraged by financial institutions to support a wide array of payment transactions. Many of the core elements are shared between the various payment types, with individual tag values that direct the bank to handle the payments differently. Some payment types are further along, with well-defined international standards, other payment types have not yet been ratified, and are subject to the discretion of individual financial institutions. The Oracle delivered code supports the international standards, and inherently mostly support payment types that have not been finalized.

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