20022 Labs

🔊Big news! We've been acquired by @strongholdpay revolutionizing global financial messaging compliance. With this asset, we're better equipped than ever to assist businesses with global money movements. Watch the video for more information. #20022Strong sghd.co/20022

Insurers can send e-invoices via ISO 20022 request-to-pay for monthly or annual premium payments from policyholders who aren’t set up for pre-authorized debit and who don’t want to share their bank info. Learn about the benefits of ISO 20022 at 20022labs.com/use-cases/.

ISO 20022 Telco providers can instantly receive payments and remittance data from prepaid mobile users and instantly credit prepaid minutes without the risk of fraudulent payments (or stolen credit cards.) Learn about the benefits of ISO 20022 at 20022labs.com/use-cases/.

Telcos can send monthly bill payment requests via ISO 20022 request-to-pay. Customers just click the link in the message to auto-populate the remittance info from the original request and transfer the funds. Learn about the benefits of ISO 20022 at 20022labs.com/use-cases/.

Life & health insurers can add remittance data with payments to managing general agents (MGAs) for commission fees that cover multiple clients, coverages and that can be extracted for automated reconciliation. Learn about the benefits of ISO 20022 at 20022labs.com/use-cases/

A single payment can be sent with remittance data to cover multiple invoices. Receive confirmation of the payment credited to your account with details about what it’s for, all at once. Learn about the benefits of ISO 20022 at 20022labs.com/use-cases/.

ISO 20022 prep guide: Step 4 - Work with partner banks and clients. Align migration timelines for MT to MX message conversion and test new payment scenarios, including extended remittance information and intermediary institutions for end-to-end transaction flows. #ISO20022

ISO 20022 prep guide: Step 3 - Update your core payment processing systems to handle larger data sets. Add XML parsers and validators. Upgrade reconciliation tools to leverage additional reference data. Test for format compliance and cross-border interoperability. #ISO20022

ISO 20022 prep guide: Step 2 - Train your staff on new message types like pacs.008 for credit transfers and pacs.009 for interbank settlements. Understand extended character sets and new data elements like Legal Entity Identifiers (LEIs). #ISO20022

Are you ready for ISO 20022? #20022Labs presents the first of four #ISO20022 prep guides. A resource on how to position your business for the adoption of the new global messaging standard. More on our website. 20022labs.com/

Are you #ISO20022 ready? The Fedwire’s single-day implementation starts March 2025. The Datos report shows 57% of US corporate finance pros want automated payables & receivables, with 46% planning to use ISO 20022. 17% have already adopted it. Get ahead. 20022labs.com/

Are you ready? The @federalreserve Bank’s confirmed adoption of the new ISO 20022 messaging format for Fedwire Funds Service will start with a single-day implementation on March 10, 2025. Get ready. 20022labs.com/ #ISO20022 #Fedwire

Interested in joining 20022 Labs? Take the first step by filling out our application. If you're dedicated to advancing & investing in the ISO 20022 initiative, we want to hear from you! Responses will begin in September. Apply now: 20022labs.com/become-a-membe… #20022Strong

To enhance your understanding, let's delve deeper into what ISO 20022 is. At 20022 Labs, we specialize in guiding members through compliance with global financial messaging standards of ISO 20022. Click the link to learn more #20022Strong. 20022labs.com/

Curious about our work? Let's explore what we do at 20022 Labs. Visit our website to learn more about how we service our members. #20022Strong 👉 20022labs.com/

Thrilled to be part of the Stronghold family! #20022Strong

Here's the latest issue of Tracking Payments talking about why NFTs matter to financial services. trackingpayments.org/p/issue… #nfts #paymentsinnovation #fintechs Thanks for the inspiration @LucJodet and @sh3lko

Here’s our latest issue of Tracking Payments! trackingpayments.org/p/issue… #payments #fintech