Faster Payments Council

MARCH 15, 2023

C2B) to better capture the benefits of digital and mobile transacting, and how it's beginning to happen in the U.S., Panelists will provider perspectives on correspondent banking strategies. Speakers have direct experience they will share. 100B/yr US alone – sticky, underserved, corporate/gov't load (no consumer).

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

PYMNTS

NOVEMBER 7, 2018

RTGS was designed to support high-value, interbank transactions, but P2P and C2B payments typically took a day or two to clear, were processed only during work hours and cost up to HK $200 (US $25.5) Boey said that banks are not in a position to verify whether a specific mobile phone number corresponds to an intended recipient.

Faster Payments 49

Faster Payments Real Time Gross Settlement (RTGS) Payments C2B 49

PYMNTS

DECEMBER 14, 2018

Throughout the year, that prediction has manifested into reality, as more traditional financial institutions (FIs) turn toward FinTech innovators to address the biggest pain points of the legacy correspondent banking system. percent (compared to 6 percent for peer-to-peer [P2P] payments). . ”

Cross-Border Payments 77

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 77

PYMNTS

NOVEMBER 27, 2018

The next-highest category, consumer-to-business (C2B) cross-border payments, paled in comparison at just $54 billion. In a new report , “A vision for the future of cross-border payments,” SWIFT and McKinsey & Company found that B2B cross-border transactions accounted for $125 billion in revenues last year.

Cross-Border Payments 49

Cross-Border Payments Cross-Border SWIFT Correspondent Bank 49