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UK payments would use ISO 20022 standard in BOE move to speed transactions

( June 6, 2018, 15:01 GMT | Official Statement) -- MLex Summary: UK payments would use an international standard known as ISO 20022 by 2021, to streamline international transactions and improve fraud detection by including more information in payment messages, the Bank of England said today. The central bank has opened up the proposal for feedback.The statement follows. The consultation paper is attached....

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