Payments Market Practice Group
A truly global forum to drive better market practices
What's new
- White paper on the Foreign Account Tax Compliance Act
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The PMPG clarifies some of the key concepts of this new US legislation and points out some of its issues and implications.
- Market Practice Guidelines for use of expanded US wire formats
- In November 2011 the US high value payments systems Fedwire and CHIPS will implement a new message format that caters for extended remittance information.
- Market Practice Guidelines for the International Payment Charges Claiming Process
- The paper establishes market practice guidelines for the claiming process for charges that result from cross border payments, including best practices for claims related inquiries..