- From: Erik Anderson <eanders@pobox.com>
- Date: Fri, 26 Jun 2015 14:00:53 -0400
- To: Web Payments IG <public-webpayments-ig@w3.org>
> Personally I am weary of this obsession with ISO20022. In practice > this standard is predominantly used in interbank and corporate > treasury payments. Not true. Its in use for all asset classes (FX, stocks, bonds, equities, commodities, municipals, corporate's, etc). ISO 8583 is for ATM machines and credit card point of sales. To cover all existing needs its pretty much ISO 20022, ISO 8583, FpML, FIX I expect we will need a last minute conversion/adapter from a browser friendly format to the format required by the account provider. I have been in contact with https://www.c24.biz/ to provide a conversion tool for us. Do you realistically think we should push all financial institutions to change their formats, again, just because we want them too? That would cause a major issue and lack of credibility. Dont expect a financial institution to ingest JSON with external link references and have them fetch and aggregate the message and external references into their required format. They arent going to do it. Browsers are far more versatile than the old Fortran code of the financial institutions. Erik Anderson Bloomberg R&D
Received on Friday, 26 June 2015 18:02:47 UTC