acmt.024 ISO 20022 Message
Published on
29/04/2024
Reading time
2 min
acmt.024 ISO 20022 Message: Definition
The acmt.024 ISO 20022 Message represents an Identification Verification Report. It is used in interbank payments to answer whether the information provided in an Account Identification Request is correct or not.
acmt.024 ISO 20022 Message: Content
The acmt.024 message is in XML format and is used as part of the ISO 20022 standard in interbank payments to provide feedback on a previously sent Identification Verification Request (acmt.023 ISO 20022 Message). This message is divided into three blocks. One block, Assignment, is required and occurs once, while the second, Original Assignment, also occurs once but is not required.
The essential component within the acmt.024 message is the Report block, which can occur several times and is required. This block contains an attribute called Reason, which consists of two attributes. One of them is Code, which states why the information passed is either correct or incorrect; the second attribute is called Proprietary, which represents the reason in a proprietary form. More detailed information about these schemes can be found in the definitions of the ISO 20022 Standard.
acmt.024 ISO 20022 Nachricht: Usage
General
The acmt.024 Message is the XML Message format with which the Payment Service Provider (PSP) describes Creditors’ responses if the transmitted Account Identification (e.g., Name and IBAN) of an acmt.023 ISO 20022 Message matches their own records.
acmt.024 ISO 20022 Mesage: General Usage
SEPA SCT
The acmt.024 message is expected to be used in SEPA SCT transactions from October 2025 onward to provide the requesting PSP with a Verification of Payee (VOP) message in real-time.
acmt.024 ISO 20022 Message: Usage in SEPA SCT
Possible answers to this are explained in more detail in the EPC Verification of Payee Rulebook.
SEPA SCT Inst
The acmt.024 message is expected to be used in SEPA SCTinst transactions from October 2025 onward to provide the requesting PSP with a Verification of Payee (VOP) message in real-time.
acmt.024 ISO 20022 Message: Usage in SEPA SCTInst
Possible answers to this are explained in more detail in the EPC Verification of Payee Rulebook.
Sources for Specification