What is payment messaging and why is it important?

Payment messaging enables secure, automated financial transactions between banks, institutions, and businesses. It ensures compliance with Swift standards and enhances transparency.

How does a financial messaging system improve operations?

A financial messaging system like XMH optimizes B2B transactions, ensuring faster processing, fewer errors, and better compliance with global financial networks.

What is a payment gateway aggregator?

A payment gateway aggregator consolidates multiple payment channels, streamlining cross-border transactions and reducing operational inefficiencies.

How does XMH support cross-border payments?

XMH enables real-time validation, tracking, and automation for international payments, reducing delays and improving accuracy.

What is the difference between a payment gateway and a payment aggregator?

A payment gateway facilitates individual transactions, while a payment aggregator consolidates payments from multiple sources, optimizing transaction flows.

What is the MT messaging standard?

MT messaging is a standardized financial messaging format used by Swift to facilitate international transactions. XMH supports MT940, MT103, and other structured message formats to ensure compliance and efficiency.

What is an MT940 Swift message?

An MT940 message is a bank statement message format used in Swift messaging that provides details of account transactions. XMH enables automated retrieval and formatting of MT940 statements.

What is the role of a payment facilitator?

A payment facilitator (payfac) enables businesses to process payments without directly operating a payment gateway, streamlining transaction approvals and improving merchant onboarding.

StoneX Messaging Hub (XMH): your central gateway to payment messaging

Streamline financial operations with XMH

StoneX Messaging Hub (XMH) is a comprehensive financial messaging system designed to optimize payment messaging for inbound and outbound financial flows. It enhances operational efficiency, control, and compliance while reducing costs. XMH connects your back-office to your banking partners, normalizing and automating the processing of financial messages.

Why choose StoneX Messaging Hub?

ISO 20022 readiness

Ensure a seamless migration to ISO 20022 by November 2025, avoiding message rejections and compliance risks while maintaining smooth operations.

Enhanced cash visibility

Gain real-time insights into global cash positions with customizable dashboards and multi-currency tracking, improving liquidity management.

Swift gpi compliance

Enable end-to-end payment tracking, increased transparency, and faster international transactions to enhance payment processing efficiency.

Pre-validation for cross-border payments

Reduce failed transactions with real-time beneficiary account validation, structured error handling, and enhanced payment accuracy.

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Key Features of StoneX Messaging Hub

ISO 20022 readiness

Financial institutions must meet ISO 20022 requirements by November 2025 for international payments. XMH provides seamless, secure migration, minimizing the impact on banking infrastructure and ensuring regulatory compliance.

Comprehensive financial messaging system

XMH acts as a financial messaging aggregator, centralizing Swift messaging, MT940 messages, and real-time reporting to improve payment operations.

Customizable cash visibility and reporting

XMH enables businesses to:

access real-time and historical cash positions across counterparties.
track balances in multiple currencies, including eur, usd, and gbp.
generate structured account statements in swift mt, swift iso, xml, csv, txt, and pdf without costly core system upgrades.

Swift gpi compliance and enhanced transparency

faster international payments with end-to-end tracking.
visibility into banking fees and forex charges for better cost control.
improved counterparty communication for global transactions.

Pre-validation and error reduction for cross-border payments

XMH minimizes payment failures with real-time account validation, allowing users to:

instantly verify IBAN, BIC codes, and other details.
reduce rejections with standardized error codes.
ensure payments reach recipients without manual intervention.

Who benefits from StoneX Messaging Hub?

Financial institutions

Banks and regulated financial institutions needing compliance with ISO 20022, Swift messaging, and cross-border regulations.

Corporates and enterprises

Large businesses requiring a centralized messaging hub to manage multi-bank transactions and treasury operations.

Fintech startups and payment providers

Companies needing payment gateway aggregation for high-volume, international transactions.

Investment firms

Businesses requiring secure, automated messaging for multi-currency transactions and liquidity management.

FAQ

Ready to optimize your payment messaging?

Complete the form below to connect with our team and explore how StoneX Messaging Hub can reduce costs, enhance efficiencies, and future-proof your payments infrastructure.

StoneX: We open markets

Our market expertise, advanced platforms, global reach, culture of full transparency and commitment to our clients’ success all set us apart in the financial marketplace.

Reach

With access to 40+ derivatives exchanges, 180+ foreign exchange markets, nearly every global securities marketplace and numerous bi-lateral liquidity venues, StoneX’s digital network and deep relationships can take clients anywhere they want to go.

Transparency

As a publicly traded company meeting the highest standards of regulatory compliance in the markets we serve; our financials and record of accomplishment are matters of public record. StoneX’s commitment to “doing the right thing over the easy thing” sets us apart in the industry and helps us build respect, client trust and new partnerships.

Expertise

From our proprietary Market Intelligence platform, to “boots on the ground” expertise from award-winning traders and professionals, we connect our clients directly to actionable insights they can use to make more informed decisions and achieve their goals in the global markets.

The subsidiaries of StoneX Group Inc. provide financial products and services, including, but not limited to, physical commodities, securities, clearing, global payments, risk management, asset management, foreign exchange, and exchange-traded and over-the-counter derivatives. These financial products and services are offered in accordance with the applicable laws in the jurisdictions in which they are provided and are subject to specific terms, conditions, and restrictions contained in the terms of business applicable to each such offering. Not all products and services are available in all countries. The products and services offered by the StoneX Group of companies involve risk of loss and may not be suitable for all investors. Full Disclaimer.

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