Minutes of the UBL Payments and Finance Subcommittee 15 November 2017 15:40UTC

Minutes of the UBL Payments and Finance Subcommittee 15 November 2017 15:40UTC  AGENDA:  1. Roll call
- Todd Albers
- Oriol Bausà
- Kenneth Bengtsson
- Erlend Klakegg Bergheim
- G. Ken Holman (secretary)
2. Outreach and liaisons with relevant workgroups
- IOFM - Institute of Financial Management conference
- accounts payable managers and clerks
- BPC presentation made regarding accelerating payments
- outlined UBL and the e-invoicing framework
- good reception from vendors
3. Deliverables to the UBL TC and to UBL 2.3:
a) Tradable invoice document / Bill of exchange
- nothing to report at this time
b) Remittance Advice
- document type added to PayFin spreadsheet for future work
-
https://docs.google.com/spreadsheets/d/10pJVBV7Nvlgg2gPhQa90WOU4744Hvvyni-E-EOfuyFI/edit
- Todd to look at a gap analysis compared to ISO 20022
- work has begun by work groups of the Business Payments Coalition
c) Identification of other Payfin work products
- no others at this time (lots of time to think of new ones)
4. Comments received by UBL committee
- Open Banking API
https://lists.oasis-open.org/archives/ubl-comment/201711/msg00013.html
- this could be interesting
- the NACHA (North American Clearing House Association) has the group
Payments Initiation Alliance working on a series of banking APIs
probably similar to open APIs
https://www.nacha.org/content/api-standardization-industry-group
- groups are referencing APIs and working towards harmonizing vocabulary
5. Meeting schedule
- next meeting 13 December 2017 15:30UTC
6. Any other business
-  none

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