ALEXANDRIA, Va. – “What will ISO20022 mean to my business?” is the question retailers should be asking, given the coming changes to payment standards. But if your first question is “What is ISO20022?,” then sign up now for a free webinar on Thursday, July 21, from 12–1 p.m. EST.

Payments have changed considerably over the last 30 years, and most retailers are using specifications that, at the core, are three decades old. While adjustments have been made for petroleum and other industries, the core specifications remain largely unchanged.

When exploring other avenues of revenue, you may have already run into details of payment implementations that just don’t quite line up. For example, it may be a proprietary field that one partner defined differently from another or a code set that needs to be translated for one vendor. ISO8583, the current foundation, has served us well, but change is on the horizon and it’s called ISO20022.

This webinar will provide a high-level overview of the ISO20022 standard, with a focus on the Conexxus/IFSF/next work that has been completed, plus a review of the work still in progress to ensure that petroleum is included in the base standard. The webinar also will highlight some of the new features in ISO20022 with which implementers will be able to take advantage.

The webinar will be presented by Sharon Scace, chair of the Retail Financial Transaction Committee at Conexxus. In 2015, she led the Conexxus partnership with nexo and IFSF to include petroleum data within the ISO20022 specification. She has been actively involved in payment and petroleum industry and international standards organizations for more than 12 years. She has been in the petroleum industry for 26 years. Sharon is also the specification champion at WEX, Inc.

Register for the July 21 webinar here.