{"id":106463,"date":"2026-03-24T09:52:23","date_gmt":"2026-03-24T08:52:23","guid":{"rendered":"https:\/\/www.pikon.com\/?p=106463"},"modified":"2026-04-03T09:33:45","modified_gmt":"2026-04-03T07:33:45","slug":"iso-20022-why-you-need-to-switch-your-payment-formats-now","status":"publish","type":"post","link":"https:\/\/www.pikon.com\/en\/blog\/iso-20022-why-you-need-to-switch-your-payment-formats-now\/","title":{"rendered":"ISO 20022: Why you need to switch your payment formats now"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"106463\" class=\"elementor elementor-106463 elementor-106378\" 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data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cc7019d e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"cc7019d\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-300eb38 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-global elementor-global-75893 elementor-global-75856 elementor-widget-table-of-contents\" data-id=\"300eb38\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:&quot;.bdt-ep-advanced-icon-box-title, .no-table-of-content&quot;,&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;,&quot;h5&quot;],&quot;container&quot;:&quot;.elementor-widget-theme-post-content&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this 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contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-down\"><\/i><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__300eb38\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><i aria-hidden=\"true\" class=\"fas fa-chevron-up\"><\/i><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__300eb38\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<i class=\"elementor-toc__spinner eicon-animation-spin eicon-loading\" aria-hidden=\"true\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-792be75 elementor-widget elementor-widget-text-editor\" data-id=\"792be75\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"0\" data-end=\"272\">Payment transactions are undergoing a fundamental transformation worldwide. A key driver of this development is the international standard ISO 20022, which is increasingly becoming the uniform communication format between banks, financial institutions and companies.<\/p><p data-start=\"274\" data-end=\"551\">While many banks have already modernised their systems in recent years, companies are now entering the next phase of this transformation. By November 2026, structured payment data and modern XML-based pain message formats will be a prerequisite for smooth payment processing.<\/p><p data-start=\"553\" data-end=\"784\">For companies that handle their payment processes via ERP systems such as SAP, this primarily means one thing: <strong>payment formats, master data and bank communication should be reviewed at an early stage and adjusted where necessary<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bff1048 e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"bff1048\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4dc9ffe elementor-widget elementor-widget-heading\" data-id=\"4dc9ffe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The international standard for modern payment formats<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cf46b4 elementor-widget elementor-widget-heading\" data-id=\"7cf46b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What is ISO 20022?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7ef3cc3 e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"7ef3cc3\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a98f681 elementor-widget elementor-widget-text-editor\" data-id=\"a98f681\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"877\" data-end=\"1118\">ISO 20022 is a <strong>global standard<\/strong> for the <strong>electronic exchange of financial messages<\/strong>. It was developed to create a common language for payment transactions and to simplify communication between banks, companies and financial service providers.<\/p><p data-start=\"1120\" data-end=\"1326\">Unlike older formats, ISO 20022 is based on <strong>structured XML messages<\/strong> that can contain significantly more information. This enables payment data to be transmitted more precisely and processed automatically.<\/p><p data-start=\"1328\" data-end=\"1388\">This structured data foundation offers several advantages:<\/p><ul data-start=\"1390\" data-end=\"1572\"><li data-section-id=\"17c5von\" data-start=\"1390\" data-end=\"1434\">Improved automation of payment processes<\/li><li data-section-id=\"13di971\" data-start=\"1435\" data-end=\"1482\">Greater transparency of payment information<\/li><li data-section-id=\"1hjyste\" data-start=\"1483\" data-end=\"1528\">Simplified compliance and audit processes<\/li><li data-section-id=\"w2ra4c\" data-start=\"1529\" data-end=\"1572\">Globally harmonised messaging standards<\/li><\/ul><p data-start=\"1574\" data-end=\"1739\">Today, the standard is used in many areas of the financial system, including international transfers, securities transactions and the European SEPA payment scheme.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59da4c8 elementor-widget elementor-widget-heading\" data-id=\"59da4c8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">The implementation of ISO 20022 is gradual<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eda5ac4 elementor-widget elementor-widget-text-editor\" data-id=\"eda5ac4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"1796\" data-end=\"1943\">The introduction of ISO 20022 is not a single project with a fixed start date. Rather, it is a multi-year global migration implemented in stages.<\/p><p data-start=\"1945\" data-end=\"2119\">An important milestone has already been reached, as banks have migrated their internal payment messages to ISO 20022. This phase primarily affected interbank communication.<\/p><p data-start=\"2121\" data-end=\"2273\">The next phase now follows, which more directly impacts companies. Banks increasingly expect payment files to comply with current ISO 20022 standards.<\/p><p data-start=\"2275\" data-end=\"2315\">Particularly relevant aspects include:<\/p><ul data-start=\"2317\" data-end=\"2404\"><li data-section-id=\"uz5j2j\" data-start=\"2317\" data-end=\"2348\">Modern pain payment formats<\/li><li data-section-id=\"v646xf\" data-start=\"2349\" data-end=\"2376\">Structured payment data<\/li><li data-section-id=\"tu82z\" data-start=\"2377\" data-end=\"2404\">Current format versions<\/li><\/ul><p data-start=\"2406\" data-end=\"2518\">Companies should therefore review whether their existing payment formats still meet their banks\u2019 requirements.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f0ac40 elementor-widget elementor-widget-heading\" data-id=\"4f0ac40\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">SEPA payments are already based on ISO 20022<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8046dc elementor-widget elementor-widget-text-editor\" data-id=\"a8046dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"2577\" data-end=\"2672\">A well-known example of ISO 20022-based payment formats is the <strong>SEPA payment scheme<\/strong> in Europe.<\/p><p data-start=\"2674\" data-end=\"2844\">SEPA stands for Single Euro Payments Area and enables standardised transfers and direct debits across Europe. Technically, these payments are processed using XML files.<\/p><p data-start=\"2846\" data-end=\"2896\">The most important SEPA message formats include:<\/p><ul data-start=\"2898\" data-end=\"3004\"><li data-section-id=\"1g3bcc7\" data-start=\"2898\" data-end=\"2952\"><strong>pain.001<\/strong>: payment instruction for credit transfers<\/li><li data-section-id=\"8l59vv\" data-start=\"2953\" data-end=\"3004\"><strong>pain.008<\/strong>: payment instruction for direct debits<\/li><\/ul><p data-start=\"3006\" data-end=\"3059\">These files contain structured information such as:<\/p><ul data-start=\"3061\" data-end=\"3168\"><li data-section-id=\"xndvz4\" data-start=\"3061\" data-end=\"3070\">Payee<\/li><li data-section-id=\"1mz6jwk\" data-start=\"3071\" data-end=\"3081\">Amount<\/li><li data-section-id=\"1yfxoof\" data-start=\"3082\" data-end=\"3098\">IBAN and BIC<\/li><li data-section-id=\"3ial2m\" data-start=\"3099\" data-end=\"3145\">Payment reference (remittance information)<\/li><li data-section-id=\"1p18zu2\" data-start=\"3146\" data-end=\"3168\">Payment references<\/li><\/ul><p data-start=\"3170\" data-end=\"3281\">In most companies, these files are generated automatically from SAP systems and then transmitted to the bank.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3dffce2 elementor-widget elementor-widget-heading\" data-id=\"3dffce2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The importance of the pain format in payment transactions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e43b8c3 elementor-widget elementor-widget-heading\" data-id=\"e43b8c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What is the pain format?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64bbc0a elementor-widget elementor-widget-text-editor\" data-id=\"64bbc0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A particularly important element of the ISO 20022 standard is the pain message set.<\/p><p data-start=\"3478\" data-end=\"3607\">The term \u201cpain\u201d stands for <strong>Payment Initiation<\/strong> and describes messages used by companies to submit payment instructions to banks.<\/p><p data-start=\"3609\" data-end=\"3647\">The most important pain formats are:<\/p><ul data-start=\"3649\" data-end=\"3896\"><li data-section-id=\"og9zhi\" data-start=\"3649\" data-end=\"3730\"><strong>pain.001: Customer Credit Transfer<\/strong> Initiation<br data-start=\"3696\" data-end=\"3699\" \/>\u2192 used for credit transfers<\/li><li data-section-id=\"sevgbz\" data-start=\"3731\" data-end=\"3806\"><strong>pain.008: Customer Direct Debit Initiation<\/strong><br data-start=\"3775\" data-end=\"3778\" \/>\u2192 used for direct debits<\/li><li data-section-id=\"33ruhi\" data-start=\"3807\" data-end=\"3896\"><strong>pain.002: Payment Status Report<\/strong><br data-start=\"3840\" data-end=\"3843\" \/>\u2192 used for feedback on payment status information<\/li><\/ul><p data-start=\"3898\" data-end=\"3988\">In particular, pain.001 is one of the central formats in corporate payment transactions.<\/p><p data-start=\"3990\" data-end=\"4036\">Typical contents of a pain.001 file include:<\/p><ul data-start=\"4038\" data-end=\"4179\"><li data-section-id=\"i7l94f\" data-start=\"4038\" data-end=\"4069\">Information about the payer<\/li><li data-section-id=\"i7lf20\" data-start=\"4070\" data-end=\"4101\">Information about the payee<\/li><li data-section-id=\"8419su\" data-start=\"4102\" data-end=\"4120\">Payment amount<\/li><li data-section-id=\"2473cd\" data-start=\"4121\" data-end=\"4162\">References and remittance information<\/li><li data-section-id=\"7d54p2\" data-start=\"4163\" data-end=\"4179\">Payment date<\/li><\/ul><p data-start=\"4181\" data-end=\"4259\">This structure enables banks to process and validate payments automatically.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a1fee5 elementor-widget elementor-widget-heading\" data-id=\"3a1fee5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">New pain versions are becoming the standard<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a039b71 elementor-widget elementor-widget-text-editor\" data-id=\"a039b71\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"4317\" data-end=\"4504\">As ISO 20022 payment formats continue to evolve, the underlying XML messages are updated. For companies, this means that not only the format itself but also the version used is crucial.<\/p><p data-start=\"4506\" data-end=\"4591\">From <strong>November 2026<\/strong>, the following formats will be considered the current reference:<\/p><ul data-start=\"4593\" data-end=\"4746\"><li data-section-id=\"1ricowd\" data-start=\"4593\" data-end=\"4664\">pain.001.001.09 \u2192 credit transfers, SEPA and international payments<\/li><li data-section-id=\"12fkz\" data-start=\"4665\" data-end=\"4700\">pain.008.001.08 \u2192 direct debits<\/li><li data-section-id=\"zybwl2\" data-start=\"4701\" data-end=\"4746\">pain.002.001.10 \u2192 payment status messages<\/li><\/ul><p data-start=\"4748\" data-end=\"4891\" data-is-last-node=\"\" data-is-only-node=\"\">Older versions such as pain.001.001.03 or pain.008.001.02 will be gradually phased out and may no longer be accepted by banks in the long term.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9de7059 elementor-widget elementor-widget-image\" data-id=\"9de7059\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/pain-formats-iso-20022-EN-scaled.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"pain-formats-iso-20022-EN\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTA2NDc1LCJ1cmwiOiJodHRwczpcL1wvd3d3LnBpa29uLmNvbVwvd3AtY29udGVudFwvdXBsb2Fkc1wvMjAyNlwvMDNcL3BhaW4tZm9ybWF0cy1pc28tMjAwMjItRU4tc2NhbGVkLnBuZyJ9\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"324\" src=\"https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/pain-formats-iso-20022-EN-768x324.png\" class=\"attachment-medium_large size-medium_large wp-image-106475\" alt=\"ISO 20022: pain formats\" srcset=\"https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/pain-formats-iso-20022-EN-768x324.png 768w, https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/pain-formats-iso-20022-EN-300x127.png 300w, https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/pain-formats-iso-20022-EN-1024x432.png 1024w, https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/pain-formats-iso-20022-EN-1536x648.png 1536w, https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/pain-formats-iso-20022-EN-2048x864.png 2048w, https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/pain-formats-iso-20022-EN-600x253.png 600w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2874f83 elementor-widget elementor-widget-text-editor\" data-id=\"2874f83\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"0\" data-end=\"36\">Companies should therefore review:<\/p><ol><li>Whether their ERP systems (SAP S\/4HANA or ECC) can generate the current pain versions<\/li><li>Whether existing interfaces to banks are compatible<\/li><li>Whether tests with their house banks can be carried out prior to any changes<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a2ae83a e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"a2ae83a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3adc8a7 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"3adc8a7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-ce981c8 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"ce981c8\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-d3a2578 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"d3a2578\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-02ed740 elementor-position-left elementor-widget__width-initial bdt-icon-type-icon elementor-vertical-align-top bdt-icon-effect-none elementor-widget elementor-widget-bdt-advanced-icon-box\" data-id=\"02ed740\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"bdt-advanced-icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"bdt-ep-advanced-icon-box\">\n\n\t\t\t\t\t\t\t\n\t\t\n\t\t\t\t\n\t\t\t<div class=\"bdt-ep-advanced-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"bdt-ep-advanced-icon-box-title ep-title-\">\n\t\t\t<span >\n\t\t\t\tImportant\t\t\t<\/span>\n\t\t<\/h3>\n\t\t\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"bdt-ep-advanced-icon-box-description\">\n\t\t\t\t\t\t<p>The new pain versions will become mandatory from November 2026 for SEPA payments and all international transfers. Early adoption is crucial to avoid rejections or delays.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t\n\t\t\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e8ad0fa e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"e8ad0fa\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-190dba8 elementor-widget elementor-widget-heading\" data-id=\"190dba8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Structured addresses in payment transactions<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d29446e elementor-widget elementor-widget-text-editor\" data-id=\"d29446e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"512\" data-end=\"815\">With the introduction of ISO 20022 in interbank payment processing, certain address information must be transmitted in a structured format from November 2026. This applies to all parties involved in a payment, including the debtor, the beneficiary, as well as the ultimate debtor or ultimate creditor.<\/p><p data-start=\"817\" data-end=\"856\">Particularly relevant fields include:<\/p><ul data-start=\"858\" data-end=\"915\"><li data-section-id=\"1ua2q1b\" data-start=\"858\" data-end=\"886\">Town (Town Name \/ TwnNm)<\/li><li data-section-id=\"7ylbju\" data-start=\"887\" data-end=\"915\">Country (Country \/ Ctry)<\/li><\/ul><p data-start=\"917\" data-end=\"1127\">From that point onwards, only structured or hybrid address data will be accepted. Free-text (unstructured) addresses will no longer be supported and may result in payment orders being rejected by banks.<\/p><p><strong>Types of address data:<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-501ffe9 elementor-hidden-mobile e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"501ffe9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-77067ad elementor-widget elementor-widget-image\" data-id=\"77067ad\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/address-data-ISO-20022-scaled.png\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"address data ISO-20022\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTA2NDgxLCJ1cmwiOiJodHRwczpcL1wvd3d3LnBpa29uLmNvbVwvd3AtY29udGVudFwvdXBsb2Fkc1wvMjAyNlwvMDNcL2FkZHJlc3MtZGF0YS1JU08tMjAwMjItc2NhbGVkLnBuZyJ9\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"277\" src=\"https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/address-data-ISO-20022-1024x277.png\" class=\"attachment-large size-large wp-image-106481\" alt=\"ISO 20022: Types of Address Data\" srcset=\"https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/address-data-ISO-20022-1024x277.png 1024w, https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/address-data-ISO-20022-300x81.png 300w, https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/address-data-ISO-20022-768x208.png 768w, https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/address-data-ISO-20022-1536x416.png 1536w, https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/address-data-ISO-20022-2048x554.png 2048w, https:\/\/www.pikon.com\/wp-content\/uploads\/2026\/03\/address-data-ISO-20022-600x162.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d59b4e2 elementor-hidden-desktop elementor-hidden-tablet e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"d59b4e2\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4a0226f elementor-widget elementor-widget-text-editor\" data-id=\"4a0226f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Fully structured address data<\/p><ul><li data-section-id=\"1e1a50l\" data-start=\"37\" data-end=\"140\">Each piece of information has its own XML field: street name, house number, postcode, town, country<\/li><li data-section-id=\"1fd7izp\" data-start=\"141\" data-end=\"197\">Town and country are mandatory, postcode is optional<\/li><li data-section-id=\"1wj8k5u\" data-start=\"198\" data-end=\"255\">No additional free-text lines (AddressLine) permitted<\/li><li data-section-id=\"1d4eqlp\" data-start=\"256\" data-end=\"346\"><strong data-start=\"258\" data-end=\"272\">Advantage:<\/strong> maximum automation, reduced risk of errors, supports AML and AFC checks<\/li><\/ul><h3 data-section-id=\"1tqhtu4\" data-start=\"353\" data-end=\"378\">Hybrid address data<\/h3><ul data-start=\"380\" data-end=\"630\"><li data-section-id=\"1rq7uhj\" data-start=\"380\" data-end=\"474\">Combination of dedicated XML fields and up to two address lines for additional information<\/li><li data-section-id=\"1fd7izp\" data-start=\"475\" data-end=\"531\">Town and country are mandatory, postcode is optional<\/li><li data-section-id=\"1ez75iz\" data-start=\"532\" data-end=\"630\">Suitable for cases where not all address information is available in a fully structured format<\/li><\/ul><div class=\"flex flex-col text-sm pb-25\"><section class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-6979c9a0-5ac8-832c-98e2-188c14d795f7-2\" data-testid=\"conversation-turn-24\" data-scroll-anchor=\"true\" data-turn=\"assistant\"><div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm\/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg\/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)\"><div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\"><div class=\"flex max-w-full flex-col gap-4 grow\"><div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1\" dir=\"auto\" tabindex=\"0\" data-message-author-role=\"assistant\" data-message-id=\"5145d7f9-94bb-4ea9-be56-f7d4f04b336e\" data-message-model-slug=\"gpt-5-3\" data-turn-start-message=\"true\"><div class=\"flex w-full flex-col gap-1 empty:hidden\"><div class=\"markdown prose dark:prose-invert w-full wrap-break-word light markdown-new-styling\"><h3 data-section-id=\"ljoutm\" data-start=\"637\" data-end=\"668\">Unstructured address data<\/h3><ul data-start=\"670\" data-end=\"838\" data-is-last-node=\"\" data-is-only-node=\"\"><li data-section-id=\"ol6mu2\" data-start=\"670\" data-end=\"733\">Only free-text lines (AddressLine) without dedicated fields<\/li><li data-section-id=\"10vhju4\" data-start=\"734\" data-end=\"776\">No longer permitted from November 2026<\/li><li data-section-id=\"vffwvv\" data-start=\"777\" data-end=\"838\" data-is-last-node=\"\">May lead to rejection of payment files or processing delays<\/li><\/ul><\/div><\/div><\/div><\/div><\/div><\/div><\/section><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b50617b e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"b50617b\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-201070d elementor-widget elementor-widget-text-editor\" data-id=\"201070d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Companies should review and cleanse their address data at an early stage to ensure that, in all payment files, at least the town and country are transmitted correctly in a structured format. It is advisable to validate the implementation within pain messages through <strong>test runs with the banks<\/strong>. In this context, functionalities in SAP ECC or S\/4HANA can be used to clearly separate street and house number, postcode, town and country, and to assign them correctly to the respective XML fields.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-21ac812 e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"21ac812\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b87fab0 elementor-widget elementor-widget-heading\" data-id=\"b87fab0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Impact on SAP<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-86321cb elementor-widget elementor-widget-text-editor\" data-id=\"86321cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As payment files are typically generated directly from ERP systems, the ISO 20022 migration primarily affects a company\u2019s IT landscape. In many organisations, <strong>SEPA and pain files are generated automatically from SAP<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ab3a367 e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"ab3a367\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9cf7b61 elementor-widget elementor-widget-heading\" data-id=\"9cf7b61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Payment formats<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d2cf15 elementor-widget elementor-widget-text-editor\" data-id=\"8d2cf15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"764\" data-end=\"831\">The SAP system must be capable of generating <strong>current XML formats<\/strong>.<\/p><p data-start=\"833\" data-end=\"869\">This includes, among other things:<\/p><ul data-start=\"871\" data-end=\"970\"><li data-section-id=\"unppc4\" data-start=\"871\" data-end=\"909\">Correct structure of pain messages<\/li><li data-section-id=\"10yhogc\" data-start=\"910\" data-end=\"939\">Supported format versions<\/li><li data-section-id=\"mpjldb\" data-start=\"940\" data-end=\"970\">Bank-specific requirements<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-28c2d2a e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"28c2d2a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4524242 elementor-widget elementor-widget-heading\" data-id=\"4524242\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Master data<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2482012 elementor-widget elementor-widget-text-editor\" data-id=\"2482012\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"991\" data-end=\"1044\">Structured payment files require <strong>clean master data<\/strong>.<\/p><p data-start=\"1046\" data-end=\"1074\">Particularly relevant are:<\/p><ul data-start=\"1076\" data-end=\"1168\"><li data-section-id=\"ono6ol\" data-start=\"1076\" data-end=\"1098\">Complete IBAN data<\/li><li data-section-id=\"huhyfu\" data-start=\"1099\" data-end=\"1140\">Accurate business partner information<\/li><li data-section-id=\"1t4b0fz\" data-start=\"1141\" data-end=\"1168\">Structured address data<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3624ea7 e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"3624ea7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bdb7fff elementor-widget elementor-widget-heading\" data-id=\"bdb7fff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Bank communication<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-815eb10 elementor-widget elementor-widget-text-editor\" data-id=\"815eb10\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"1196\" data-end=\"1304\">Communication between companies and banks must also be compatible. Typical communication channels include:<\/p><ul data-start=\"1306\" data-end=\"1342\"><li data-section-id=\"19yv4nq\" data-start=\"1306\" data-end=\"1315\">EBICS<\/li><li data-section-id=\"120cdhz\" data-start=\"1316\" data-end=\"1325\">SWIFT<\/li><li data-section-id=\"vjih2h\" data-start=\"1326\" data-end=\"1342\">Bank portals<\/li><\/ul><p data-start=\"1344\" data-end=\"1429\">New or updated pain formats should always be tested in collaboration with the bank.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5590f21 e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"5590f21\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3e1a9df elementor-widget elementor-widget-heading\" data-id=\"3e1a9df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Myth: cryptocurrency<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-af48608 e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"af48608\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6a2aeb6 elementor-widget elementor-widget-text-editor\" data-id=\"6a2aeb6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p data-start=\"1464\" data-end=\"1689\">In discussions around modern financial technologies, ISO 20022 is occasionally associated with cryptocurrencies or blockchain projects. In reality, however, it is not a cryptocurrency but a standard for financial messaging.<\/p><p data-start=\"1691\" data-end=\"1718\">ISO 20022 merely defines:<\/p><ul data-start=\"1720\" data-end=\"1782\"><li data-section-id=\"mo16ta\" data-start=\"1720\" data-end=\"1739\">Data structures<\/li><li data-section-id=\"5hi1xv\" data-start=\"1740\" data-end=\"1759\">Message formats<\/li><li data-section-id=\"1cg95nc\" data-start=\"1760\" data-end=\"1782\">Information models<\/li><\/ul><p data-start=\"1784\" data-end=\"2015\">The standard can, in principle, be used with various technologies but is primarily applied in traditional banking and payment transactions. Its key role is to enable consistent, structured communication between financial systems.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-53bcffe e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"53bcffe\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-753a136 elementor-widget elementor-widget-heading\" data-id=\"753a136\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How PIKON can support you in payment transactions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-762cc7e elementor-widget elementor-widget-text-editor\" data-id=\"762cc7e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"flex flex-col text-sm pb-25\"><section class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-6979c9a0-5ac8-832c-98e2-188c14d795f7-3\" data-testid=\"conversation-turn-26\" data-scroll-anchor=\"true\" data-turn=\"assistant\"><div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm\/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg\/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)\"><div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\"><div class=\"flex max-w-full flex-col gap-4 grow\"><div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1\" dir=\"auto\" tabindex=\"0\" data-message-author-role=\"assistant\" data-message-id=\"7d09c63c-52af-4a88-b1ae-51ec288176eb\" data-message-model-slug=\"gpt-5-3\" data-turn-start-message=\"true\"><div class=\"flex w-full flex-col gap-1 empty:hidden\"><div class=\"markdown prose dark:prose-invert w-full wrap-break-word light markdown-new-styling\"><p data-start=\"2079\" data-end=\"2390\">In a changing financial environment, particularly with the introduction of ISO 20022 and new payment formats, it is essential for companies to align their SAP systems and business processes with current standards. At PIKON, we support our clients in adapting their SAP systems and payment processes accordingly.<\/p><p data-start=\"2392\" data-end=\"2605\">Our consultants have many years of experience and are highly familiar with the requirements of international payment formats. We help companies design efficient payment processes, avoid errors and reduce delays.<\/p><p data-start=\"2607\" data-end=\"2944\" data-is-last-node=\"\" data-is-only-node=\"\">We support the transition to current pain versions, the integration of structured address data and the assessment of ERP compatibility. With PIKON, companies can ensure that their payment processes comply with international standards, remain automated and compliant, and continue to run smoothly without disrupting day-to-day operations.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/section><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b0d8ac4 e-ecs-flex e-flex e-con-boxed e-con e-parent\" data-id=\"b0d8ac4\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-59e2aad e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"59e2aad\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-92239d9 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"92239d9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-6397301 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"6397301\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0376026 no-table-of-content elementor-widget elementor-widget-heading\" data-id=\"0376026\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Contact us!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eb39db9 elementor-widget elementor-widget-text-editor\" data-id=\"eb39db9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Do you have further questions or need support for the implementation of ISO 20022? Our experts will be happy to help.<br data-start=\"143\" data-end=\"146\" \/>Schedule a web meeting with us or simply leave your question in the comment section.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-57ad0fd e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"57ad0fd\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-ed42ab1 e-con-full e-ecs-flex e-flex e-con e-child\" data-id=\"ed42ab1\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;ecs_container_type&quot;:&quot;flex&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-38f7a33 elementor-widget__width-initial elementor-widget elementor-widget-pikon-author-box-widget\" data-id=\"38f7a33\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"pikon-author-box-widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-widget-image-box elementor-position-left elementor-vertical-align-top\"><div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img decoding=\"async\" src=\"https:\/\/www.pikon.com\/wp-content\/uploads\/2023\/03\/Martina_klein-1-150x150.jpg\" alt=\"Martina Ksinsik\" title=\"Martina Ksinsik\" loading=\"lazy\"\/><\/a><\/figure><div class=\"elementor-image-box-content\"><div class=\"elementor-image-box-title\">Martina Ksinsik<\/div><div class=\"elementor-image-box-position\">Customer Success Manager<\/div><div class=\"elementor-image-box-phone\"><a href=\"tel:+4968137962113\"><i class=\"fas fa-phone\"><\/i> +49 (0) 681 379 62 - 113<\/a><\/div><div class=\"elementor-image-box-mail\"><a href=\"mailto:martina.ksinsik@pikon.com\"><i class=\"fa-fw far fa-envelope\"><\/i> martina.ksinsik@pikon.com<\/a><\/div><div class=\"elementor-image-box-description\"><p><div class=\"activecampaign-inline-container \"><div class=\"activecampaign-inline-form\">[borlabs-cookie id=\"active-campaign-email-marketing-form\" type=\"content-blocker\"]<div class='_form_230'><\/div><script type='text\/javascript' src='https:\/\/pikon.activehosted.com\/f\/embed.php?static=0&id=230&6A807F9AC4DE8&nostyles=0&preview=0'><\/script>[\/borlabs-cookie]<\/div><div class=\"activecampaign-inline-button\"><a class=\"cta-button\" href=\"#\">Schedule a web meeting<\/a><\/div><\/div><\/p><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>ISO 20022 as a standardised format for use between banks, financial institutions and businesses. <\/p>\n","protected":false},"author":109,"featured_media":106415,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[468,175],"class_list":["post-106463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","tag-finance-accounting","tag-sap-s-4hana","no-featured-image-padding"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ISO 20022: Why you need to switch your payment formats now - PIKON SAP Consulting International<\/title>\n<meta name=\"description\" content=\"ISO 20022 is becoming the standard format for transactions between banks, financial institutions and businesses. 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