What is the ISO20022 messaging format?
ISO20022 uses XML (eXtensible Markup Language) as its messaging format. The messages are structured using specific schemas that define the format and rules for different types of financial messages.
Common message types include:
- PAIN (PaymentInitiation)
- CAMT (CashManagement)
Each message type has a specific structure and version, for example:
- pain.001.001.03 (Customer Credit Transfer Initiation)
- camt.053.001.02 (Bank to Customer Statement)
You can use iso20022.js to work with these messages without dealing directly with XML.
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