Electronic Invoice Presentment and Payment.
Electronic Data Interchange. A system to unify information relating to business transactions into a standard format and exchange it electronically between companies.
 A shift to XML telegrams for domestic payment instructions between companies
In December 2015, the Japanese Financial Services Agency and Financial System Council suggested, with regard to the messaging format used in domestic payment instructions between companies, that the current “fixed length telegrams” be eliminated by 2020, and that companies migrate to XML telegrams, which offers superior information volume and data compatibility. For details, please see the Financial System Council’s Report by the Working Group on Payment and Transaction Banking. (http://www.fsa.go.jp/en/refer/councils/singie_kinyu/20160621-2.html)
Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 156,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.7 trillion yen (US$41 billion) for the fiscal year ended March 31, 2016. For more information, please see http://www.fujitsu.com.
All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Date: 12 August, 2016
Company: Mizuho Bank, Ltd. / Fujitsu Limited
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