Payments

As part of a larger project of building banking infrastructure, I have begun work on the payments processing aspect of it. This post will detail progress thus far, as well as considerations for future development with a focus on scalability, security and regulations. Adhering to a standard There is currently a standard for a variety of financial instruments in the form of ISO20022. There is a wealth of documentation on this standard, as well as hundreds of XSD files describing each XML structure per type. »