PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-Border Payments Are Made. So, what’s the problem? What’s Changing?

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. ” SWIFT pointed to the potential benefits of the ISO 20022 payments messaging standard for corporate payments in particular.

ISO 20022 76

ISO 20022 ISOs SWIFT Cross-Border 76

PYMNTS

AUGUST 1, 2019

Financial service providers are operating in a global payments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards. But as the Tracker explores, there are several initiatives in the works to tackle those challenges — including in the corporate sphere.

Interoperability 61

Interoperability ISO 20022 Cross-Border ISOs 61

PYMNTS

SEPTEMBER 5, 2019

In July, SWIFT released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. ISO 20022 has the potential to promote efficiency in the correspondent banking community and modernize cross-border transactions.

SWIFT 72

SWIFT ISO 20022 Authorization API 72

PYMNTS

AUGUST 16, 2019

Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. A Call for Transparency.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

MARCH 12, 2018

“The advantage of a digital, risk-free claim against the central bank is you remove the friction from the [payments] system,” Cooke said. Among the problems solved by digital fiat: Looking at speed, said Cooke, cross-border transactions can take a while. The problem exists on all fronts.

Faster Payments 44

Faster Payments Central Bank Cross-Border Payments 44

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. Beyond Payments Initiation. “But payments is just one side of the equation,” noted Conibear.

Multi-Currency 69

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