JD Supra

CFPB Requests Information on Remittance Rule

Last week, the Bureau of Consumer Financial Protection (Bureau) issued a request for information on its remittance rules, which are located in the Electronic Fund Transfers Act (EFTA). The request ...
Business Wire

Federal Reserve System and Business Payments Coalition Announce Two Industry Efforts to Propel B2B Payments Toward Modernization

CHICAGO--(BUSINESS WIRE)--The Federal Reserve and the Business Payments Coalition (BPC) today announced 73 organizations have joined an industry effort to stand up an operational pilot exchange ...
Finextra

Fed-backed project validates exchange framework for e-remittance information

Fed-backed project validates exchange framework for e-remittance information Having demonstrated the operationally feasibility of an exchange framework to deliver e-remittance information, the ...
Business Wire

ASC X9 Publishes ISO 20022 Remittance Content Market Guide

ANNAPOLIS, Md.--(BUSINESS WIRE)--The Accredited Standards Committee X9 Inc. (X9) today announced the availability of the ISO 20022 Remittance Content Market Guide, which documents recommendations for ...
Finextra

How Exactly will ISO 20022 fix reconciliations?

Any TMS morning starts with updating and reconciling the cash positions across accounts by a daily upload of electronic bank statements (MT 940, 942..). This financial reconciliation focuses on ...