When money is sent across borders under ISO 20022, banks use a structured message called pacs.008. In this article, we’ll have the pacs.008 fields explained for better understanding. This message is the ISO 20022 replacement for the old MT103 and is used for customer-to-customer international payments. A pacs.008 contains two main parts: This post explains the second part, using simple language and clear examples anyone can understand. Credit Transfer Transaction Information (Section B) This section describes everything about one single payment: Below is a table showing each ISO 20022 field, a simple description, and a clear example. Understanding Each Field … Continue reading pacs.008 Fields Explained in Simple English