The Payments Market Practice Group (PMPG) is an independent body of payments
subject matter experts from Asia Pacific, Europe and North America. The mission of
the PMPG is to:
take stock of payments market practices across regions,
discuss, explain, and document market practice issues, including possible
commercial impact,
recommend market practices, covering end-to-end transactions,
propose best practice, business responsibilities and rules, message flows,
consistent implementation of ISO messaging standards and exception
definitions,
ensure publication of recommended best practices,
recommend payments market practices in response to changing compliance
requirements