Fintech Finance

OCTOBER 17, 2024

Broadridge’s Instant Payments Service utilises the Swift Alliance Gateway Instant (AGI), which offers a highly resilient infrastructure designed specifically to support instant payments messages, connecting with SwiftNet Instant to offer 24/7 availability and continuous and efficient exchange of instant transactions.

Instant Payments 98

Instant Payments Regulations SWIFT Payments 98

PYMNTS

SEPTEMBER 18, 2020

It may have taken some time, but faster and real-time payments demand continues to grow in the corporate and B2B payments context. This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. PYMNTS breaks down all of the latest initiatives below. SWIFT to Launch New Real-Time Rails.

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Innovation Payment APIs and Integration SWIFT Real Time Payments 116

PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.”. SWIFT said the first part of this proof-of-concept effort will involve Corda , an R3 blockchain platform.

SWIFT 60

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 60

PYMNTS

APRIL 24, 2019

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a payment messaging firm, has chosen Javier Pérez-Tasso as its new chief executive officer, according to a press release.

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SWIFT Cross-Border Payment Message Instant Payments 67

PYMNTS

NOVEMBER 10, 2020

One of the biggest opportunities is in the ability for real-time payments technologies to not just move money quicker, but to also move rich data along with the transaction, particularly amid spreading adoption of the ISO 20022 payments messaging standard.

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B2B Real Time Payments Value Added Service ISO 20022 117

PYMNTS

APRIL 9, 2020

Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. ” Reports noted the importance of SWIFT expanding into the SMB payments arena beyond high-value complex corporate transactions. The company has rolled out its service in the U.K.

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Payment APIs and Integration Central Bank SWIFT FinTech 83

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has taken recent steps to promote interoperability of its payments network, recently announcing that it would allow blockchain platforms to loop into SWIFT’s global payments innovations (GPI) service to facilitate real-time transactions.

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Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

FEBRUARY 7, 2018

6), highlighting both the cost of payments processing and the inefficiencies involved in the process due to a lack of transparency and data in payment messaging, especially for small businesses (SMBs). The companies released their report on Tuesday (Feb.

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Process ISO 20022 Cross-Border Payments Payment Message 49

PYMNTS

DECEMBER 13, 2018

Amid the continuing movements by governments and nations to overhaul payments operations, Vocalink said Wednesday (Dec. 12) that it has secured a contract with Cámara de Compensación Electrónica (CCE), the automated clearing house in Peru, to help transform payments infrastructure in that country.

Payment APIs and Integration 53

Payment APIs and Integration SWIFT Interbank Settlement Faster Payments 53

PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink ecommerce and trading platforms with the SWIFT gpi payment service.”. SWIFT said the first part of this proof-of-concept effort will involve Corda, an R3 blockchain platform.

SWIFT 46

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 46

The Fintech Times

FEBRUARY 21, 2024

With fintechs already well-positioned to adapt and take advantage of the opportunities one-leg out payments present, banks will need to move quickly to implement a comprehensive strategy for adoption.” “In 2024, cross-border payments volumes will continue to grow rapidly.

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Cross-Border Payments Cross-Border ISO 20022 SWIFT 78

PYMNTS

NOVEMBER 18, 2020

The Clearing House 's RTP network is now several years old, and while the real-time payments capability is gaining traction, adoption in the B2B landscape remains muted. Indeed, it can be difficult for businesses to change their payment habits. This is a new payment system," he noted. Today's Most Valuable Use Cases.

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RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

AUGUST 28, 2019

Paper checks are often pointed to as an example of how difficult it can be for corporates to change their payment behaviors. With newer digital, automated payment technologies emerging in the B2B space, businesses continue to stick to what’s familiar: paper. Speaking The Same (Payments) Language.

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ISO 20022 Real Time Payments B2B ISOs 52

The Fintech Times

MAY 9, 2024

As part of our continuous data efforts, we are deploying the LEI, thereby delivering value for our clients and across BNP Paribas CIB.” This includes the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI), The Wolfsberg Group and the Swift Payment Market Practice Group (PMPG).

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ISO 20022 Cross-Border Payments Cross-Border Financial Crimes 69

PYMNTS

FEBRUARY 13, 2018

“By applying advanced data science and machine learning to Oracle’s web-scale data and an organization’s own data, the new Adaptive Intelligent Apps can react, learn and adapt in real time based on historical and dynamic data, while continuously delivering better business insights,” the company said in the release.

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ISO 20022 Message Standards ISOs Payment Message 54

The Fintech Times

OCTOBER 19, 2024

Broadridge’s Instant Payments Service utilises the Swift Alliance Gateway Instant (AGI), which offers a highly resilient infrastructure designed specifically to support instant payment messages, connecting with SwiftNet Instant to offer 24/7 availability and continuous and efficient exchange of instant transactions.

Instant Payments 52

Instant Payments SWIFT Payer Request for Payment 52

PYMNTS

JULY 22, 2020

And at the broader level, as the current market climate drives further adoption of digital payments, growing adoption of real-time transacting is contributing to the modernization of a cashless, resilient economy. But for entities to truly obtain the value of real-time payments, they must first overcome a resistance to change.

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Real Time Payments FedNow Payments Faster Payments 90

PYMNTS

NOVEMBER 13, 2020

Data from real-time payments is another valuable proposition for SMBs and supports enhanced cash flow management as businesses have greater ability to capture transaction data and ingest it into back-office systems.

Real Time Payments 75

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payment APIs and Integration 75

Fintech Finance

APRIL 17, 2024

The Real-Time Rail is a complex, large-scale, multi-year infrastructure program that includes two key technical components: the build of the Real-Time Rail exchange component provided by Interac, which was completed in June 2023 and will allow for the exchange of payment messages in real-time.

ISO 20022 52

ISO 20022 Real Time Payments Participant Payment Message 52

The Fintech Times

FEBRUARY 21, 2024

Strong market traction stems from the support of key stakeholders advocating for the inclusion of the LEI within ISO 20022 payment messages. Key local initiatives shaping LEI adoption include updated over-the-counter (OTC) derivative transaction reporting rules from the Australian Securities & Investments Commission (ASIC).

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ISO 20022 Legal Non-Bank Accreditation 59

Fintech News

DECEMBER 10, 2023

The challenge in international payments primarily revolves around ensuring data accuracy at every step of the payment chain. Edward spoke of the pivotal role of data and technology in creating and validating payment messages.

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Addressing Fraud Prevention Financial Inclusion Payments 117

PYMNTS

OCTOBER 26, 2018

The company also announced a collaboration with SWIFT, the payments messaging firm, which will use Azure to shift SWIFT’s infrastructure into the cloud. Amazon also continues to lose money on international sales, but it is losing less money over time. percent on Friday and another few basis points after hours.

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SWIFT Payment Message Caps Continuity 51

PYMNTS

FEBRUARY 6, 2020

Open Banking frameworks continue to proliferate throughout the world. Automating the flow of payment-related data will support back-office process efficiencies, and address fraud concerns. The solution will deploy blockchain, standardized APIs from Afinis and payments messaging standard ISO 20022.

Payments Data 73

Payments Data Payment APIs and Integration Credit Union NACHA 73

PYMNTS

AUGUST 16, 2019

“We asked, ‘How can we achieve full payment so the beneficiary can get the money in full … and the senders know how much they’re going to be charged and [everyone] knows exactly when it gets there?’”. Cross-border payments have gained prominence for a few related reasons. Remittances on the Rise. Challenges Aren’t Universal.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

AUGUST 21, 2020

Widespread disruption throughout the world’s supply chains earlier this year had businesses’ continuity plans threatened and, for some, even forced operations to grind to a screeching halt. “But payments is just one side of the equation,” noted Conibear.

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Multi-Currency Cross-Border Payments Cross-Border Finance 69

PYMNTS

AUGUST 19, 2016

As SWIFT continues to promote the adoption of the ISO 20022 payments messaging standard across financial institutions, the company said it is zeroing in on the potential for ISO 20022 harmonization in the high-value payments space. To highlight that potential, SWIFT revealed on Thursday (Aug.

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ISO 20022 ISOs SWIFT Message Standards 40

PYMNTS

OCTOBER 10, 2016

Though the set of global business standards have been around for some time, ISO 20022 still has the ability to enhance how payment messages are sent and received. Throckmorton explained that ISO 20022 is not new to NACHA; there’s been an increased interest from businesses to have this flexible option of using ISO formatted messages.

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Same Day ACH ACH ISO 20022 NACHA 76

The Fintech Times

APRIL 18, 2024

The RTR is a complex, large-scale, multi-year infrastructure program that includes two key technical components: the build of the RTR exchange component provided by Interac , which was completed in June 2023 and will allow for the exchange of payment messages in real-time.

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Payments Real Time Payments Settlement Economy 59

PYMNTS

MARCH 28, 2019

“The network’s technology is designed to support commercial innovation and is expected to lead to the development of a wave of products that will allow users to exchange non-payment messages, images and other value-added features.”.

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TCH RTP Credit Union Payment Message 49

PYMNTS

AUGUST 15, 2019

The growing traction of faster payments continues, especially across a cross-border backdrop. In news reported by MoneyControl.com, SWIFT, the payments messaging giant, is reportedly looking at testing instant international settlements with local networks in India to speed transactions and make them more transparent.

Settlement 51

Settlement SWIFT Cross-Border Cross-Border Payments 51

PYMNTS

FEBRUARY 18, 2019

Blockchain firm R3 recently formed a partnership with payments messaging firm SWIFT , a deal that will see SWIFT link R3’s blockchain platform with its gpi framework, which has become a key component of SWIFT’s cross-border B2B payments operations. “We don’t need a Fortune 50 adopting this.

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B2B Cryptocurrency Payments Blockchain 70

PYMNTS

MARCH 9, 2020

Real-time payment rails can gain ubiquity once third-party developers start leveraging them for new apps and other services. The instant payments ecosystem is quickly evolving, with new uses and entirely new rails continuing to emerge. Proving Value.

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

PYMNTS

OCTOBER 29, 2019

transaction accounts have adopted the RTP network , which is expected to “lead to the development of modern payment services that will ultimately allow users to exchange non-payment messages and benefit from other value-added features,” the release indicated. “We More than half of U.S. The three have secured 90 percent of U.S.

RTP 40

RTP TCH Real Time Payments Non-Bank 40

PYMNTS

APRIL 6, 2016

Payments messaging firm SWIFT is looking to gain support for its global payments initiative and, most recently, announced the latest backers of the pilot program. The company said it will hope to improve the transparency and speed of global payments with the program. “The

Cross-Border Payments 41

Cross-Border Payments Cross-Border B2B SWIFT 41

PYMNTS

SEPTEMBER 12, 2019

The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. There are barriers to progress, though, with most businesses saying that a lack of standard remittance information is the biggest challenge to adoption of electronic payments information.

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AFP Checks ISO 20022 Cross-Border 51

PYMNTS

MARCH 16, 2016

That’s probably sound advice for any market hoping to achieve faster, more efficient payments — especially cross-border — by adopting a unified payments messaging system. Existing payment standards are limited in the amount of remittance information they can support,” concluded the CPA.

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ISO 20022 ISOs Message Standards Cross-Border 40

PYMNTS

AUGUST 7, 2020

Talk of a venture capital plummet continues to grow, particularly in Europe, where new data from Consultancy Europe revealed that the number of venture capital deals for startups across the continent has declined every quarter since Q1 2019.

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B2B FinTech Small Business Participant 100