What's new?
We have released the Payment Purpose Codes, that allow you to assign standardized ISO 20022 purpose codes to your supplier payments, helping you to reduce fraud and ensure compliance with banking institution requirements.
This implementation supports the UK payments industry's transition to enhanced data standards, as mandated by the Bank of England for CHAPS payments and recommended for other payment schemes.
For detailed explanation of the Purpose Codes, please refer to our The Payment Purpose Code explained article where you can find detailed information about how to set them up and use them.
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How this version will be made available
This release will be automatically rolled out to all customers at approximately 6pm, on Wednesday, 12th of November 2025.
Additional information
There are no bug fixes released in this release.