Browsers are
difficult
Please wait, loading your map...
ISO 20022
Message Formats
PAIN (Payment
Initiation)
Banks<>Customers
PAIN messages enable
corporates to automate
payment processes,
reducing manual
intervention and
improving efficiency
pain.001
Definition
Customer credit
transfer initiation for
credit transfers, e.g.,
SEPA payments from
corporates to banks
Example Use Case
A corporate treasury
department sends bulk
salary payments to
employees’ accounts
pain.002
Definition
Payment status report
on acceptance or
rejection of payment
instructions
Example Use Case
A bank informs a
corporate client that a
payment failed due to
missing regulatory
details
pain.008
Definition
Message that initiates
direct debits from
payee account,
instructed by the
beneficiary
Example Use Case
A utility company
collects monthly
payments from
customers’ accounts,
instructed by the utility
company and
authorized by the
customer
CAMT (Cash
Management)
Banks<>Customers
CAMT messages provide
detailed, structured
data for cash
management,
enhancing
transparency and
reconciliation
camt.052
Definition
Bank-to-Customer
account report that
provides intra-day
account activity reports
Example Use Case
A corporate treasurer
monitors real-time cash
positions across
multiple accounts
camt.053
Definition
Bank-to-Customer
statement file that
delivers end-of-day
(prior day) account
activity
Example Use Case
A bank sends daily
statements to clients,
replacing legacy MT940,
enabling more data rich
automated closing /
reconciliation processes
camt.054
Definition
Bank-to-Customer
debit/credit notification
that alerts recipients of
specific debit or credit
transactions
Example Use Case
Bank alerts a corporate
client regarding a large
incoming payment
needed for funding
investor distributions
camt.029
Definition
Resolution of
investigation
addressing outcomes of
payment inquiries
Example Use Case
A treasury team trying
to confirm the status of
a cross-boarder
payment that didn't
appear as expected on
the account statement
PACS (Payments
Clearing and
Settlement)
Banks<>Banks
PACS messages
streamline interbank
clearing and
settlement, supporting
high-value and real-
time payment systems
pacs.002
Definition
Interbank message that
confirms payment
status
Example Use Case
Clearing House
confirms settlement of
ACH payment with the
bank
pacs.008
Definition
Messages that facilitate
interbank credit
transfers
Example Use Case
A bank processes a
cross-border payment
to another financial
institution
pacs.009
Definition
Messages to instruct
interbank direct debits
Example Use Case
A central bank collects
fees from member
banks
pacs.004
Definition
Messages to process
return of funds
Example Use Case
Crediting bank returns
a failed payment due to
incorrect beneficiary
details
MX Messages
Banks<>Banks
SWIFT specific versions
of PAIN, CAMT, PACS
messages
Definition
Replacing SWIFT MT
messages with richer,
structured formats - MX
messages enhance data
granularity, supporting
compliance and
automation in global
payments
Example Use Case
A global bank uses MX
messages for SWIFT
CBPR+ cross-border
payments
Syntax Format
XML
Definition
The primary ISO 20022
syntax using Extensible
Markup Language
(XML) - which supports
rich, standardized, and
hierarchical data
structures
Example Use Case
A bank parsing
statement data to
CAMT.052 and CAMT.053
files.
Major
Implementation
Timelines
SWIFT Cross-Border
Payments (CBPR+)
November 22nd, 2025:
Deadline for full
adoption of ISO 20022
MX messages, retiring
MT1xx, MT2xx, MT9xx
Coexistence of MT and
MX messages began
March 2023
U.S. Fedwire Funds
Service
July 19th, 2025:
Single-day migration to
ISO 20022, sunsetting
FAIM format
Applies to FIRD Files,
SASF, and EOM Detail
Reports
E.U SEPA Payment
Schemes
ISO 20022 Compliant
with enhancements due
in 2025
Verification of Payee
mandated by October 9,
2025, for PSPs
E.U. TARGET2 (RTGS)
Adopted ISO 20022 for
Eurozone high-value
payments since
November, 2023.
Harmonizes Eurozone
payments, supporting
RTGS interoperability
U.K. CHAPS
ISO 20022 live since
June 2023; mandatory
compliance beginning
May 2025
Improves fraud
detection and data
quality on GBP
payments, with strict
validation post-2026
×
Created using
MindMup.com
