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Q1. Does the ISO20022 payment format work with foreign currency payments?

When we initially set the payment file in UK we were advised that it worked only for domestic BACS payments. Can you please advise if the functionality has been extended for foreign currency payments (example SEPA payments)?


Q2. If the answer to Q1 is yes, then what versions of IFS support this?

Hi,

Q1;

Yes. ISO20022 format is capable of handling multi-currency, domestic, international, low value/high value payments including checks, ACH and wire transfers.

 

Q2;

From APP7.5, APP8 upwards it supports

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