Bank of America ISO 20022 Program Overview
ISO 20022 is a payment messaging standard that is being adopted by almost all major financial market infrastructures around the globe to replace a variety of legacy payment and reporting message formats. Payment market adoption of ISO 20022 is creating a common language for financial institutions and financial market utilities internationally, increasing uniformity and connectivity between disparate market infrastructures.
Migration to ISO 20022 payment message standard across multiple high value payments market infrastructures has been managed within Bank of America as a formal global program since 2019. Bank of America is working with all industry partners and payments market infrastructures to ensure we bring thought leadership to the industry beyond being compliant with all required changes.
Access Bank of America's following links for helpful information:
The impact and work required for this industry move varies by client type. As our efforts to properly support our clients of all types and sizes through the transition period, refer to each category of channels that best describe the way you connected to Bank of America. For more information if you need, contact your Bank of America representative.
SWIFT FIN Network
International message-based service offered by SWIFT
SWIFT FIN network participants (banks and non-bank financial institution) who are directly connected to the SWIFT FIN network with the FI, SUPE or NOSU designation per SWIFT profile.
CashPro Connect
Global, integrated file access solutions
File transmission (direct transmission or SWIFT FileAct) that offers flexibility, automation, and seamless integration to your Treasury Management System (TMS) / Enterprise Resource Planning (ERP) platform.
CashPro Online
Fully integrated, online banking experience
Manage your transactions through a single web-based platform. Execute individual payments through intuitive screens, or process bulk payments using CSV file import, all within a fully integrated, secure environment.
CashPro API
On-time treasury within your business systems
CashPro API supports initiation of multiple payment types directly from your ERP or TMS systems using a real-time interface.