SVB Transact Gateway & ISO 20022
Streamlined payments and richer data.
ISO 20022 messaging standards enable faster, more data-rich payments and reporting via the Transact Gateway (TAG) portal.
Key benefits of ISO 20022 for TAG
Automating payments and reporting with files transmitted through Transact Gateway is being enhanced as we migrate to ISO 20022.
Faster payments
ISO 20022 formatted payments made through TAG will enable improved straight-through processing and more detailed data to help simplify reconciliation.
Richer information reporting
TAG will provide additional data that helps draw deeper insights if your ERP can support ISO 20022. You will have access to enhanced reporting with richer data from many of the new ISO 20022 message types.Migrating TAG to ISO 20022
SVB provides tailored guidance to help clients get the most benefits from ISO 20022.
Initiating payments
Clients can transmit payment requests in the following formats:
- Enhanced pain.001 message type that complies with ISO 20022 standards and will include richer fields over time.
- Currently supported message types (including MT formatted messages) will still be supported but may not include the richer data offered by ISO 20022.
During 2025-2026, clients can continue to use BAI2, CSV, SWIFT MT940, MT942 file types, and when possible they will also include enhanced data fields.
Information reporting
- New for ISO 20022: TAG will enhance current reporting file types (camt.052, camt.053) to include enhanced data fields for more detailed reporting.
- Current reporting file types: You can continue to use BAI2, CSV, SWIFT, MT940, MT942 file types, and when possible they will also include enhanced data fields.