This is likely to be expensive and error prone.   Use of international standards. I won’t dwell on this one, but in some ways it is related to the previous point, because the international framework for messaging standards provides for transmission of a significant amount of additional data.
I think there is widespread acknowledgement within the payments industry that international standards should be adopted wherever possible.   Timeliness of Payments. As communications technology advances, there is little doubt that people are expecting greater immediacy in many areas, and payments are no exception.