The Business Application Header (BAH) is a foundational concept in ISO 20022 messaging.It plays a crucial role in routing, identifying, securing, and contextualizing business messages—no matter which network transports them. What is the Business Application Header (BAH)? In short: BAH = “header metadata” for ISO 20022 messages; ISO business payload = “the actual business data”. […]
Introduction: ISO 20022 has rapidly become the global language of financial messaging, reshaping how banks, payment systems, and financial institutions share information. But before diving into message structures and complex flows, it’s essential to understand the foundation—the core concepts that make ISO 20022 powerful, flexible, and globally consistent. These concepts form the backbone of every
Understanding the Building Blocks of ISO 20022 Read More »
What is ISO? ISO stands for International Organization for Standardization.ISO is a global organization that creates standards—basically, agreed-upon rules—so that things work the same way everywhere in the world. It is an independent, non-governmental global standards body headquartered in Geneva, Switzerland, with 170+ member countries. What does ISO actually do? ISO creates standards that bring:
Fundamentals of ISO20022 Read More »
Introduction In the world of banking and financial services, every payment—no matter how simple—triggers a series of accounting movements behind the scenes (one that’s often overlooked outside of payment operations and finance teams). When a customer sends money, receives funds, or a transaction fails, these actions are not just operational events—they are financial transactions that
Double-Entry Accounting in Payments: The Foundation of Financial Integrity in Banking Read More »
Introduction Payments are the lifeblood of the banking system. Every time money moves—from a customer paying a bill, a company running payroll, or a bank settling cross-border trades—there is a carefully orchestrated series of steps that ensure funds are transferred accurately, securely, and in compliance with regulations. Behind the scenes, a single payment journey involves
Payment Life Cycle – Banking Transaction Read More »
Blog Post Link : https://paymenttalks.com/debit-credit-party-derivation-for-incoming-onward-and-outgoing-payments-in-payment-engine/
Blog Post Link : https://paymenttalks.com/debit-credit-party-derivation-for-incoming-onward-and-outgoing-payments-in-payment-engine/
DPD & CPD – Part 3: Credit Party Derivation for Outgoing Payments – Explainer Video Read More »
Blog Post Link : https://paymenttalks.com/debit-credit-party-derivation-for-incoming-onward-and-outgoing-payments-in-payment-engine/
Blog Post Link : https://paymenttalks.com/debit-credit-party-derivation-for-incoming-onward-and-outgoing-payments-in-payment-engine/
DPD & CPD – Part 1: Debit Party Derivation for Outgoing Payments – Explainer Video Read More »
Introduction In modern banking, accurate identification of the debit (payer) and credit (beneficiary) parties is crucial for smooth payment processing across global financial networks. A payment engine is responsible for handling transactions, ensuring compliance, formatting messages, and routing payments through the correct channels. However, deriving the debit and credit parties is not always straightforward, especially
