diff --git a/.github/workflows/go.yml b/.github/workflows/go.yml
index 44a67fe..538dc60 100644
--- a/.github/workflows/go.yml
+++ b/.github/workflows/go.yml
@@ -15,9 +15,9 @@ jobs:
         os: [ubuntu-latest, macos-latest, windows-latest]
     steps:
     - name: Set up Go 1.x
-      uses: actions/setup-go@v2
+      uses: actions/setup-go@v4
       with:
-        go-version: ^1.19.1
+        go-version: stable
       id: go
 
     - name: Check out code into the Go module directory
diff --git a/README.md b/README.md
index 2f96d4f..00daad4 100644
--- a/README.md
+++ b/README.md
@@ -296,37 +296,78 @@ c.CloseCtx(ctx)
 
 ## Benchmark
 
-To benchmark the connection, run:
+To benchmark the connection, we created a test server that sends a response to
+each request. Therefore, the benchmark measures the time it takes to send a
+message and receive a response by both the client and the server. If you are
+looking to measure client performance only, you should either run the test
+server on a separate machine, or, with some approximation, you can multiply the
+results by 2.
+
+For the connection benchmark, we pack/unpack an ISO 8583 message with only 2
+fields: `MTI` and `STAN`.
+
+We have two types of benchmarks: *BenchmarkParallel* and *BenchmarkProcess*.
+
+*BenchmarkParallel* uses `b.N` goroutines to send (and receive) messages to the
+server. You can set the number of goroutines using the `-cpu` flag. Please note
+that the `-cpu` flag also sets `GOMAXPROCS`.
+
+For example, to run the benchmark with 6 goroutines/CPUs/cores, use the
+following command:
+
+```
+go test -bench=BenchmarkParallel -cpu=6
+```
+
+Be aware that results may vary depending on the number of actual CPUs, cores, throttling, and system load.
+
+Here is the result on MacBook Pro:
+
+```
+➜ go test -bench=BenchmarkParallel -cpu 6
+goos: darwin
+goarch: amd64
+pkg: github.com/moov-io/iso8583-connection
+cpu: Intel(R) Core(TM) i7-9750H CPU @ 2.60GHz
+BenchmarkParallel-6        63703             18849 ns/op
+PASS
+ok      github.com/moov-io/iso8583-connection   26.079s
+```
+
+It shows that 53K messages were sent and recieved by both client and server in 1sec.
+
+*BenchmarkProcessNNN*, where NNN is the number of messages to send, is another type of benchmark. In
+this benchmark, the we send and receive messages to the server concurrently by running NNN goroutines.
+
+To run such benchmarks, use:
 
 ```
-go test -bench=BenchmarkSend -run=XXX
+go test -bench=BenchmarkProcess
 ```
 
 Here are the latest results on MacBook Pro:
 
 ```
-➜ go test -bench=BenchmarkSend -run=XXX
+➜ go test -bench=BenchmarkProcess -cpu 6
 goos: darwin
 goarch: amd64
-pkg: github.com/moovfinancial/iso8583-client
+pkg: github.com/moov-io/iso8583-connection
 cpu: Intel(R) Core(TM) i7-9750H CPU @ 2.60GHz
-BenchmarkSend100-12                  560           2019912 ns/op
-BenchmarkSend1000-12                  66          18435428 ns/op
-BenchmarkSend10000-12                  6         210433011 ns/op
-BenchmarkSend100000-12                 1        2471006590 ns/op
+BenchmarkProcess100-6                732           1579450 ns/op
+BenchmarkProcess1000-6                75          15220504 ns/op
+BenchmarkProcess10000-6                7         149483539 ns/op
+BenchmarkProcess100000-6               1        1681237716 ns/op
 PASS
-ok      github.com/moov-io/iso8583-connection    7.784s
+ok      github.com/moov-io/iso8583-connection   29.967s
 ```
 
 It shows that:
-* time is linear (it takes ten times more time to send ten times more messages)
-* 2.5sec to send/receive 100K messages
-* 210ms to send/receive 10K messages
-* 18ms to send/receive 1000 messages
-* 2ms to send/receive 100 messages
-
-_Note, that these benchmarks currently measure not only the client performance
-(send/receive) but also the performance of the test server._
+* The time taken scales approximately linearly with the number of messages processed.
+* 1.681 seconds to send/receive 100,000 messages by both client and server.
+* 149.48 milliseconds to send/receive 10,000 messages by both client and server.
+* 15.22 milliseconds to send/receive 1,000 messages by both client and server.
+* 1.579 milliseconds to send/receive 100 messages by both client and server.
+
 
 ## License
 
diff --git a/connection_test.go b/connection_test.go
index 115e57d..9aaa02f 100644
--- a/connection_test.go
+++ b/connection_test.go
@@ -1438,15 +1438,53 @@ func TestClient_SetOptions(t *testing.T) {
 	require.NotNil(t, c.Opts.TLSConfig)
 }
 
-func BenchmarkProcess100Messages(b *testing.B) { benchmarkSend(100, b) }
+func BenchmarkParallel(b *testing.B) {
+	server, err := NewTestServer()
+	if err != nil {
+		b.Fatal("starting test server: ", err)
+	}
+
+	c, err := connection.New(server.Addr, testSpec, readMessageLength, writeMessageLength,
+		connection.SendTimeout(500*time.Millisecond),
+	)
+	if err != nil {
+		b.Fatal("creating client: ", err)
+	}
+
+	err = c.Connect()
+	if err != nil {
+		b.Fatal("connecting to the server: ", err)
+	}
+
+	b.RunParallel(func(pb *testing.PB) {
+		for pb.Next() {
+			message := iso8583.NewMessage(testSpec)
+			message.MTI("0800")
+			message.Field(11, getSTAN())
+
+			_, err := c.Send(message)
+			if err != nil {
+				b.Fatal("sending message: ", err)
+			}
+		}
+	})
+
+	err = c.Close()
+	if err != nil {
+		b.Fatal("closing client: ", err)
+	}
+	server.Close()
+}
+
+func BenchmarkProcess100(b *testing.B) { benchmarkProcess(100, b) }
 
-func BenchmarkProcess1000Messages(b *testing.B) { benchmarkSend(1000, b) }
+func BenchmarkProcess1000(b *testing.B) { benchmarkProcess(1000, b) }
 
-func BenchmarkProcess10000Messages(b *testing.B) { benchmarkSend(10000, b) }
+func BenchmarkProcess10000(b *testing.B) { benchmarkProcess(10000, b) }
 
-func BenchmarkProcess100000Messages(b *testing.B) { benchmarkSend(100000, b) }
+func BenchmarkProcess100000(b *testing.B) { benchmarkProcess(100000, b) }
 
-func benchmarkSend(m int, b *testing.B) {
+func benchmarkProcess(m int, b *testing.B) {
 	server, err := NewTestServer()
 	if err != nil {
 		b.Fatal("starting test server: ", err)