“ISO 20022’s emergence as a data-rich messaging standard will by its nature increase the utility and efficiency of payments. Visa consistently strives to promote payments innovation, and we support 20022 Lab’s objective to enable the standard to take root and to explore the potential benefits it will provide in Canada and around the world.”

• Brian Weiner, Vice President and Head of Product, Visa Canada

 

“Here in Canada and in every market across the globe, we recognize the benefits of ISO 20022’s data-rich global messaging standard. Mastercard, our financial institution customers and fintech partners gain from the greater insights to deliver a better experience for the end corporate user. 20022 Labs could play a role in accelerating adoption of this standard and driving understanding of the real-time use cases.

• Brian Lang, President, Canada, Mastercard

 

“With the TCH RTP network getting excellent traction in the U.S. and similar systems emerging globally, ISO 20022 is beginning to take root within the payments ecosystem.  TCH and our members will benefit from insights into corporate use cases that 20022 Labs will provide, and creates prospects for greater global cooperation among national systems.”

• Steve Ledford, Senior Vice President, Product and Strategy, The Clearing House (TCH)

 

“The world has an abundance of fintech innovation initiatives, but frankly, none are doing as important, targeted and collaborative work on the future of data and payments as 20022 Labs. IBM is excited for the payments industry and to help 20022 Labs create a new payments ecosystem that encourages collaboration between fintechs, financial institutions and corporations.”

• Mike Cook, Managing Partner Financial Services, IBM Canada GBS

 

“ISO-enabled payments will bring significant benefit to insurers through richer payments data and operational efficiencies, and to consumers through a better payments experience. 20022 Labs is a place for interested parties to come together to collaborate and to demonstrate the benefits ISO 20022 can bring to Canada.”

• Stephen Frank, President and CEO, Canadian Life and Health Insurance Association (CLHIA)

 

“While ISO 20022 has emerged as the future global payment message standard, it has been slow to gain traction due to the complexity of the market equation. Our commitment to ISO 20022 is unwavering, and Payments Canada, along with many of our peers around the world, are thrilled to see broad enthusiasm in the ecosystem for 20022 Labs that matches ours and our members.”

• Gerry Gaetz, President and CEO, Payments Canada

 

“As a global leader in financial services and payments, FIS is excited to see the creation of the 20022 Labs. Its goals of raising awareness, activating demand, and accelerating adoption and the use of the ISO 20022 standard globally is a need in the marketplace today. FIS supports these goals and vision, ultimately leading to increased value across the financial ecosystem.”

• Elena Whisler, Head of Global Product Management, Open Payments, FIS Global