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ISO 20022
Universal financial industry message scheme

ISO 20022 Real-Time Payments Group (RTPG)

The ISO 20022 RTPG is driving international best practice for real-world interoperability for cross border real time payments

With its mandate from the global ISO 20022 Registration Management Group, it publishes usable sets of ISO 20022 usage guidelines that have driven value added harmonization through a consistent view of ISO 20022 business processes, message components, elements and data content across multiple markets for the purposes of real-time payments.

As the ‘de facto’ new standard in this area, ISO 20022 implementation consistency and best practice for real time payments delivers several key benefits, including:

  • A consistent approach to collaborative information exchange focusing on standards delivers cost reduction, agility and speed to market;
  • Harmonization and interoperability between implementations provides enhanced resilience and security;
  • Best practice benefits new entrants or new adopters as it provides a baseline for implementation.

Real-time payments introduces performance and availability considerations and are influenced by a number of other factors within a cross-border environment, the messages developed are intended to remain sufficiently agnostic to the commercial implementation decisions that need to be made in this area.

The RTPG comprises a broad group of more than 70 stakeholders from 17 countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, India, Italy, Japan, Norway, Poland, Switzerland, The Netherlands, UK and the US, with representation from payments associations, payment service providers, financial institutions, international and domestic clearing houses, payment schemes, regulators and the supply-side. In order to drive the international standardisation necessary to implement a globally accepted and cross-border standard, the RTPG welcomes all applicant members, subject to RMG governance, particularly those from countries currently not represented within the group.

  Message(s) Version Issuer File Format  
RTPG Message Flows payments 1.0 RTPG ppt Download
RTPG Core Recommendations payments 1.0 RTPG pdf Download
RTPG Working Assumptions payments 1.0 RTPG docx Download
Real-Time Payments and ISO 20022 payments 3.0 RTPG pdf Download
Best Practices: Linking Request for Payment (pain.013) message to Customer Credit Transfer (pacs.008) in ISO 20022 pain.013-pacs.008 Nov 2020 Approved by RTPG Core Review Group pdf Download
RTPG Best Practices: Linking ISO 20022 messages to Customer Credit Transfer (pacs.008) ISO 20022-pacs.008 Dec 2021 Approved by RTPG Core Review Group pdf Download


Willing to join the RTPG ?

To become involved in the ISO 20022 RMG RTPG Broad Review Group contact:

RTPG and ISO 20022

Presentation of the group

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