acmt.023 ISO 20022 Message
Published on
29/04/2024
Reading time
2 min
acmt.023 ISO 20022 Message: Definition
The acmt.023 ISO 20022 message, called Identification Verification Request, is expected to be used in interbank payment transactions starting in October 2025 to request or conduct verification of account holder identities.
acmt.023 ISO 20022 Message: Scope
The acmt.023 message is an XML-formatted message and is intended to be used as part of the ISO 20022 standard by financial institutions, authorities, or other regulated entities to formally request the verification of a person’s or organization’s identity data. It includes components such as Assignment (assignment of the identity verification request), Verification (specific requirements for identity verification), and Supplementary Data (additional data to potentially support the verification request).
acmt.023 ISO 20022 Message: Usage
General
The acmt.023 message is the XML message format through which the debtor’s Payment Service Provider (PSP) can request identity verification from the creditor’s PSP. The creditor’s PSP should then respond in the form of an acmt.024 ISO 20022 message, confirming whether the Account Identification (e.g., name, IBAN) in the acmt.023 matches their records.
acmt.023 ISO 20022 Message: Possible Usage
SEPA SCT
The acmt.023 message is expected to be used in SEPA SCT transactions starting in October 2025 to request a Verification of Payee (VOP) in real time.
acmt.023 ISO 20022 Message: Usage In SEPA SCT
Further details can be found in the VOP Scheme Rulebook.
SEPA SCT Inst
The acmt.023 message is expected to be used in SEPA SCTInst transactions starting in October 2025 to request a Verification of Payee (VOP) in real time.
acmt.023 ISO 20022 Message: Usage In SEPA SCTInst
Further details can be found in the VOP Scheme Rulebook.
Possible Reasons for Rejection
Reasons for rejecting an identity verification request could include incomplete or inconsistent information that does not match the data held by the bank.
Sources for Specifications