The latest BSB Newsletter is out, covering bank services billing standard market adoption—ISO 20022, TWIST and AFP Global Service Codes.
Among the highlights:
- 16 major banks now provide billing statements in the BSB format.
- 13 financial systems support BSB for bank billers and corporate bill recipients.
- BSB can be used with bank accounts held in more than 100 countries based on the banks.
- AFP Global Service Codes is enjoying growing use with more than 50 subscribers including banks and application vendors.
Corporate treasury and finance professionals in a survey said they use the BSB format to take advantage of reduced costs, detailed information on bank transaction services usage, and accounting for unit consumption of banking services.