All ISO 20022 standard-based XML payment messages specified under the four 2023 Single Euro payments area ( ) payment scheme rulebooks entering into force on 19 November 2023 will be based on the 2019 version of the ISO 20022 standard. This migration to the 2019 version by November 2023 results from a decision taken by the back in September 2020.
On 16 February 2023, the published the version 3.0 of the guidance document EPC087-22 for payment scheme participants and payment service users on how to prepare themselves for and to handle the change-over to the 2019 version of ISO 20022 by 19 November 2023.
The document determines the concrete impact of such ISO version migration on the various payment scheme processes for the payment scheme participants and payment service users concerned.
It also gives guidance to payment scheme participants and payment service users on how they can deal with the payment initiation, acceptance and processing aspects affected by the ISO version migration.
The version 3.0 of the guidance document contains an update to the section 3.7 compared to the version 2.0 published in October 2022.
This section now includes a clarification on how to complete the message element “Original Message Name Identification” for those r-transaction, Credit Transfer ( ) inquiry and related response messages for which it is stipulated that an exact copy of the original Inter-Payment Service Provider ( ) payment dataset must be included in such messages.
This clarification applies specifically to those r-transaction, inquiry and related response messages issued after the ISO version migration on 19 November 2023, in connection with Inter- payment messages (pacs.008 for (Inst) and pacs.003 for ) settled before the ISO version migration.
In the run-up to the entry into force date of the 2023 payment scheme rulebooks, this guidance document may be updated from time to time based on further clarification requests from payment service users and/or payment scheme participants.