Payment Systems, SWIFT Messaging & ISO 20022 –Complete Guide

Learn how payments work end to end, decode MT103/MT202/MT940, resolve failed SWIFT payments, map to ISO 20022 - pacs.008

Jul 10, 2025 - 00:43 Updated: Jul 18, 2025 - 16:38
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Payment Systems, SWIFT Messaging & ISO 20022 –Complete Guide
Payment Systems, SWIFT Messaging & ISO 20022 –Complete Guide

Payment Systems, SWIFT Messaging & ISO 20022 –Complete Guide free download

Learn how payments work end to end, decode MT103/MT202/MT940, resolve failed SWIFT payments, map to ISO 20022 - pacs.008

Are you working in banking, payments, fintech, QA, or business analysis—and need to understand how SWIFT messages, ISO 20022 formats, and global payment systems actually work?

Or maybe you’re preparing for the ISO 20022 migration, working with SWIFT MT103, MT202, pacs.008, camt.053, or investigating failed payments—and need hands-on clarity to succeed in your project or role?

Then this course is for you.

What You’ll Learn:


  • How global payment systems work, including clearing, settlement, correspondent banking, and cross-border flows

  • Field-by-field breakdown of core SWIFT MT messages like MT103, MT202, MT199, MT195, MT910, MT940, and MT950

  • How to interpret and validate messages using SWIFT message structure, syntax, and rules

  • How to perform MT to ISO 20022 mapping, including a complete walkthrough of MT103 to pacs.008

  • Overview of ISO 20022 message families: pacs, pain, and camt

  • Real-world flows and lifecycle for pacs.008, pacs.009, pacs.002, camt.053, camt.054

  • Understanding serial vs cover payments, Nostro/Vostro accounts, and intermediary bank routing

  • Use of SWIFT GPI (Global Payments Innovation) for tracking and traceability

  • How to reconcile payments using MT940/950 and camt.053/camt.054

  • Troubleshooting failed transactions and investigating payment exceptions using real message examples

  • Key concepts like FX settlement risk, sanctions screening, intraday liquidity, and bank communication networks

  • Message validation logic


What’s Included:


  • Hands-on exercises and simulations using real payment messages

  • Case studies to trace payments across the lifecycle

  • Message field mapping resources (MT vs MX)

  • Payment routing and reconciliation


Who This Course Is For:


  • QA testers, BAs, and IT professionals working in banking, ERP, or fintech payment systems

  • Professionals involved in SWIFT message testing, ISO 20022 migration

  • Payment operations analysts, consultants, or product owners in the payments domain

  • Anyone preparing for interviews, payment transformation projects, or transitioning into cross-border payments

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