Payments Standards Evaluation Group

The scope of the Payments SEG includes the messages supporting transactions and business processes related to the following non exhaustive list of financial instruments:

• Credit transfers
• Direct debits
• Cheques

• Payment initiation: communications between the ordering customer and its bank, etc.
• Clearing and settlement: interbank transfers via correspondent banking or ACHs, high value payments, low value bulk payments, RTGS, etc.
• Cash management between the various actors: account opening, standing orders, transaction and account information, advices and statements from account servicing institutions to account owners along the processing chain, including reporting to the ordering customer and beneficiary customer, reconciliation, exceptions and investigations handling.

• Private and corporate customers
• Financial institutions
• Central banks
• Clearing houses and RTGS systems
• Payment factories

Convenor: Mr. Sean Mouton
Vice convenors: Mr. Dean Chard and Mr. Isak Penttila
Secretary: Mr. Jeevan Sidhu

Consult the list of registered experts