What Are Some Common Message Standards in Business?
Several message standards are widely used across various industries:
EDI (Electronic Data Interchange): Used for the electronic exchange of business documents in a standardized format. XML (Extensible Markup Language): Facilitates data sharing across different systems by providing a flexible way to create information formats. SWIFT: A messaging network used by financial institutions to securely transmit information and instructions. HL7: A set of international standards for the exchange of information related to healthcare.