About International Payments Framework Association
IPFA's mission is simple: Simplifying International Credit Transfers thru Global Standards. The concept of IPFA is to establish a membership organization providing rules, standards and operational procedures and guidelines. IPFA will improve non-urgent cross-border credit transfers through a member service agreement binding members to the operating rules. To put it simply, IPFA rules enable:
Leveraging existing payment networks and international standards e.g. ISO 20022
Enabling interoperability between domestic and regional non-urgent payments systems and banks
Who should participate with the International Payments Framework Association? Financial institutions, ACH (Automated Clearing House) Operators/CSMs (Clearing and Settlement Mechanisms), and Associations. The benefits of IPFA Membership include:
- Influence the rules and shape the organization
- Business as Usual with Global Reach
- Back-Office Simplification
- Certainty of Service
- Improved ROI
- Risk Mitigation
- Deeper client relationships
To look at the organisational structure click here.
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Visual clues on city-pictures used in the IPFA banner:
© Mcdonojj – Fotolia.com (San Diego)
© marrfa – Fotolia.com (Dubai)
© Marcito – Fotolia.com (Berlin)
