If my organization currently sends payments in batch via a file or via API, what should we do?

One of the direct benefits of using ISO is to exchange structured data (See question  #12). For example, postal addresses can be quite different from one country to another. ISO will consolidate everything into a shared and global format.

ACTION MAY BE REQUIRED: should your organization currently send payment instructions via a file or API, and address fields are not segregated, a mapping change might be required. Failing to do so may cause transactions to be stopped.

If your organization partners with a technology vendor to process your payments, you will need to reach out to your vendor’s contact and verify they are ISO ready.