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Description
Problem
Some Banks use the ISO 20022 Messaging Standard and would require ISO 20022 compliance to adopt Request Network for invoicing.
Possible Solution
Here's a mermaid diagram showing a typical invoicing workflow in which the Supplier and Debtor custody their crypto with Banks and use ISO 20022 messages, posted to Request Network.
iso-20022-invoicing-workflow-bank-to-bank-settlement-via-ethereum.mermaid
Here's an alternate mermaid diagram showing a typical invoicing workflow in which the Supplier and Debtor self-custody their crypto and use ISO 20022 messages, posted to Request Network.
iso-20022-invoicing-workflow-debtor-to-supplier-settlement-via-ethereum.mermaid
Reference
- Stand-alone Remittance Advice
- Bank-to-Customer Cash Management
- Payments Initiation
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