Payments

The service is available in EDIFACT or XML ISO20022.

PAYMUL (Multiple payment order message) or
pain.001 version 2 (CustomerCreditTransferInitiation)

Through a payment order message the customer (Payer) is able to issue domestic and cross-border payments from accounts in Nordea units in the Nordic & Baltic area, including Germany, Great Britain, Poland and USA (incl. Canada). To enable automatic reconciliation for both the payer and the payees, reference information (verification number and invoice number) is included in a structured form in the message. The information quality is as good as if the Payer had been directly connected to the domestic clearing systems using an ERP system adjusted to local payment conditions.