Description

The purpose of the Payment Harmonization Joint Work Group is to define a Core Payment XML "Kernel" that can be used globally by any corporation regardless of size and sector and by any servicing bank in any location.

The approach in used is:

1.  To identify and resolve content differences between the messages so a single set of content can be used;

2.  Recommend a common core payment that can be accepted into each of the standards bodies for use;

3.  Establish a method of interoperability that allows the Core Payment XML Kernel to have extended or related messages packaged with it.

Bank Participants from Asia, Europe, and the Americas include:

• ABN

• Bank of America

• Citigroup

• DeutscheBank

• HSBC

• JPMorgan Chase

• Nordea

• Standard Chartered

• Wells Fargo

We are very pleased to be a part of this group and this is a sign OAGi's continuing commitment to harmonization of standards at the global level.

OAGi Project Leaders:  Garret Minakawa (Oracle) garret.minakawa@oracle.com; David Connelly (OAGi) dconnelly@openapplications.org; Michael Rowell (OAGi) mrowell@openapplications.org

To learn more about this work group or to join this work group please write to any one of the Project Leader.