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Messaging Standards


Messaging standards are a fundamental feature of the PayCommerce platform, architecture and partner integration. Lack of rigorous messaging standards and protocols can paralyze an organization by affecting performance, scalability, availability, and ultimately user acceptance. Messaging can mean different things to different people. Most of us naturally think about ‘networking’ when discussing messaging standards. However, messaging covers anything from a local platform-specific application-programming interface (API) down to a lower-level communications interface. The term ‘message’ essentially refers to any unit of information that has to be moved. A message might be composed of just application data, or data encapsulated in your own messaging layer. In practice, messages have been called many things, including packets, frames, events, or fancier names like protocol data units (PDUs).  

ISO 20022

PayCommerce uses ISO 20022 – the international standard that aims to enhance communication interoperability between financial institutions, their market infrastructures, and their end-user communities. ISO 20022 defines a unified standardization approach, which consists of a common development methodology, a common process, and a common repository that are open for use by all financial standards initiatives. Since PayCommerce is focused on cross-border payments, the adoption of ISO 20022 describes a common platform for the development of messages for exchanging payment information using: a modelling methodology to capture in a syntax-independent way, financial business areas, business transactions and associated message flows:

  • A central dictionary of business items used in financial communications;
  • A set of XML and ASN.1 design rules to convert the message models into XML or ASN.1 schemas, whenever the use of the ISO 20022 XML or ASN.1-based syntax is preferred.

This flexible framework allows PayCommerce and its customers to define message sets according to an internationally-agreed approac, using internationally-agreed business semantics; and whenever desirable, to migrate to the use of a common XML or ASN.1-based syntax. 

Benefits of International Standards-based Messaging

International Standards are strategic tools and guidelines to help companies tackle some of the most demanding challenges of modern business, especially payments. They ensure that your financial operations are as efficient as possible, increase productivity and help companies access new markets.

  • Cost savings – Optimize operations and therefore improve the bottom line
  • Enhanced customer satisfaction – Improve quality, enhance customer satisfaction and increase sales
  • Access to new markets – Prevent trade barriers and open up global markets
  • Increased market share – Increase productivity and competitive advantage
  • Environmental benefits – International Standards help reduce negative impacts on the environment

The PayCommerce platform has adopted ISO 20022 standards and can accept and transmit all message types. Our special attention to standardization of payment messages ensures that our products conform to the industry standards, and is ready to smoothly evolve as these standards evolve.