Remove 2013 Remove Message Standards Remove Wire Transfer
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Deep Dive: Smoothing X-Border Subscription Payment Pains

PYMNTS

For one, traditional money movement methods like wire transfers can be costly, and card payment acceptance requires merchants to accept processing fees. Security is important, though, as the tally of major publicly reported cyberattacks rose 165 percent between 2013 and 2017.

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Clearing Up The Case For ISO 20022

PYMNTS

Though it can be traced back to 2004 and was revised as recently as 2013, the ISO 20022 framework is still a source of confusion across the payments industry. This “standard for standards” is designed to set the tone for a global financial industry message scheme, but unfortunately it is often misunderstood.