Payment formats explained

When you buy your favorite pair of shoes online or treat yourself to a fancy meal at a restaurant, there’s a flurry of financial...

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What is SWIFT?

SWIFT is the backbone of global financial communication—an essential infrastructure powering the global economy. Behind virtuall...

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Automating bank feeds

Reconciling bank statements against invoices might seem like a straightforward daily routine. But as your business grows, this m...

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What are direct debits?

Managing recurring payments—whether for household expenses like utilities and rent, personal subscriptions such as streaming ser...

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What is SEPA?

Have you ever tried to send money to someone in another European country and thought, “Why can’t this be as simple as a local ba...

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What is CAMT.053?

Have you ever wondered how businesses keep flawless track of every single financial transaction—from incoming payments to outgoi...

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What is MT and CAMT?

Everything you need to know about these financial messaging formats—and how they streamline global banking operations.

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Payment format Pain.002

Quick takeaways: Pain.002 is an ISO 20022 message format that reports the status of payment instructions (accepted, rejected, ...

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What is ISO 20022?

Have you ever wondered how banks and financial institutions around the world seamlessly communicate with one another? The answer...

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