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Using ISO 20022 messages for person-to-person payments (remittances)

Learning channels:

Classroom course

On-site training

Web class

Are you looking into gaining success in the person-to-person payments market, better know as the remittances market? Would you like to leverage your business offering to benefit from a standardised SWIFT ISO 20022-based solution replacing your current proprietary and/or bilateral services in the remittances area? After an introduction to the world of remittances, this course will offer you detailed information about the SWIFTRemit solution, the rulebook, the usage and implementation of ISO 20022 messages, the message flows and the data directories. SWIFTRemit also supports mobile instructed payments, mobile notifications and payouts.

Classroom course schedule, prices and registration Web class (Part A) - schedule, prices and registration Web class (Part B) - schedule, prices and registration Download this course description in PDF

Audience

This course is designed for business analysts and developers as well as software vendors and implementers, integrating ISO 20022 payment messages and anyone who requires detailed message standard-oriented knowledge on the specific ISO 20022 messages used within the SWIFTRemit solution.

You will learn how to

• Leverage the business offering to benefit from a standardised approach for SWIFTRemit products
• Analyse the structure of the reference data file
• Understand the message flows of payment instructions and related messages within the SWIFTRemit solution

Course content

Part A

• SWIFT's offering for remittances
  • What are remittances?
  • The market practice rulebook
  • FileAct Store & Forward and File headers services for the solution
  • Reference data directory services

Part B

• ISO 20022 in a nutshell
• Clearing and settlement messages and topologies: options and mandates
  • FItoFICustomerCreditTransfer (pacs.008.001.01)
  • PaymentReturn (pacs.004.001.01)
  • PaymentStatusReport (pacs.002.001.02)

The course material is brought to life with several exercises, based on realistic business scenarios.
Note that the course content will be split in two sessions according to Part A and Part B when delivered through web class.

Prior knowledge

If you are new to SWIFT, we recommend you to first follow the classroom course or eTraining package Basics - your passport to SWIFT. For a deeper understanding of the underlying MX standards, we recommend you the eTraining module ISO 20022 and MX message standards - overview.

Duration

The course duration depends on the learning channel you choose:

• Classroom course: 1 day
• Web class: 2 sessions of 3 hours
• On-site training: as per your requirements