The deadline for the ISO 20022 bank migration is coming soon - 22nd November 2025. All banks across the globe, are transitioning their to using the ISO 20022 XML standard. Additionally, there are changes to SEPA payments within the Eurozone.

UK - if you are making CHAPS payments and/or use an MT940 format, you are likely to be affected. Your bank will be moving to the ISO 20022 XML file structure and will require you, should you not already be using a compatible file format, to upgrade to an XML/.camt53 format. BACS is not affected.

Europe - Replacement formats for EUSCT and EUCCT are available with the latest SEPA changes.

Infor SunSystems clients using B4B Payments & Remittances and Bank Reconciliation may be affected. Find out more.