Payments Canada partners with SWIFT to examine the benefits of ISO 20022

Payments Canada has collaborated with SWIFT on an information paper that outlines the expected benefits of ISO 20022 and ERI adoption in Canada. Adoption of ISO 20022 for Payments and Extended Remittance Data in Canada details the existing remittance process in Canada and ISO 20022-based payment remittance initiatives in other markets around the globe

Please contact with any questions or comments on the paper. More information about ISO 20022 is also available.