Volante Technologies, a provider of software for the integration, processing and orchestration of financial messages and payments, says it is pleased to announce support for the ISO 20022 Real-Time Payments Group (RTPG) global market practice guidelines which were published on April 18 2016 on the ISO 20022 website.
To support a customer-led need for instant payments, the capability for real-time payments processing continues to grow, it notes. To date, this has been supported by a number of real-time payment systems emerging around the globe but using differing standards. Volante expects the guidelines to be expanded upon, but that in the meantime they will help deliver harmonisation and standardisation of real-time initiatives with the ultimate aim of improving interoperability as yet more real-time payment infrastructures are introduced.
Volante says its early support is designed to increase the speed and flexibility in which participants in the payments chain can integrate and test against the new formats and API’s as part of the payment processing solutions they may already have or may build, regardless of technology platform.