A Multiple Payment order is sent by the Ordering Customer (or Payer or Agent on behalf of the Ordering Customer) to the Ordered Bank, to instruct the Ordered Bank to debit one or more accounts it services for the Ordering Customer, and to arrange for the payment of specified amounts to several Beneficiaries (or Payees) in settlement of the referenced business transaction(s).
About this standard
This version: Syntax 3
Publication date: Jun 2015
Next version planned for May 2017