IPFA's mission is simple: Simplifying International Credit Transfers thru Global Standards. The concept of IPFA is to establish a membership organization providing rules, standards and operational procedures and guidelines. IPFA will improve non-urgent cross-border credit transfers through a member service agreement binding members to the operating rules. To put it simply, IPFA rules enable:

• Leveraging existing payment networks and international standards e.g. ISO 20022
• Enabling interoperability between domestic and regional non-urgent payments systems and banks

Who should participate with the International Payments Framework Association? Financial institutions, ACH (Automated Clearing House) Operators/CSMs (Clearing and Settlement Mechanisms), and Associations. The benefits of IPFA Membership include:

• Influence the rules and shape the organization
• Business as Usual with Global Reach
• Back-Office Simplification
• Certainty of Service
• Improved ROI
• Risk Mitigation
• Deeper client relationships

To view all the benefits of membership, click here.