Payments Source

JULY 15, 2018

As technology advances for business-to-business or cross-border transactions, the accompanying messaging standard must evolve at the same rapid pace.

Message Standards 71

Message Standards ISO 20022 Cross-Border ISOs 71

PYMNTS

FEBRUARY 21, 2019

Separately, in terms of individual company news, and also in Europe, EastNets and Bankingblocks said they have teamed up to present modular “banking blocks” aimed at faster cross-border payments.

Cross-Border 76

Cross-Border Cross-Border Payments Real Time Gross Settlement (RTGS) Rules 76

Payments Source

MARCH 12, 2019

Ideally, Swift would like to see its worldwide bank network fully adopt its Global Payments Innovation initiative as well as the ISO 20022 messaging standard for cross-border payments.

ISO 20022 79

ISO 20022 SWIFT Cross-Border Payments Cross-Border 79

PYMNTS

SEPTEMBER 13, 2018

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Risk Same Day ACH 40

PYMNTS

NOVEMBER 27, 2019

Friction associated with traditional payment networks is plentiful, he told PYMNTS in a recent interview — and while real-time payment networks can address many of the related woes, their adoption will greatly rely on their ability to address corporates’ biggest pain points. Progress in Tackling Cross-Border Payments Friction.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

Fintech News

AUGUST 8, 2024

B2B payments service provider Bottomline ‘s on-demand webinar, “Championing Swift Connectivity for Private Banks and Asset Managers in APAC,” explores these critical developments in depth. March 2023 marked the start of the migration with a coexistence period with MT messages.

ISO 20022 122

ISO 20022 APACS SWIFT ISOs 122

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. ISO 20022 will modernize international and domestic payment rails, enabling right and new payment services.”

ISO 20022 76

ISO 20022 ISOs SWIFT Cross-Border 76

Fintech Finance

SEPTEMBER 10, 2024

Meanwhile, banks in the US are trying to meet growing momentum for instant payments, while Canadian banks are preparing for the launch of their instant payments scheme as early as 2026. There is also the global shift to ISO 20022 messaging standards. AI can help.

Instant Payments 111

Instant Payments AI ISO 20022 Payments 111

PYMNTS

MARCH 14, 2019

” Cross-Border Payments in the Crosshairs. One of the areas of corporate finance experiencing the biggest exposure to these disruptors is global payments. “If you look at cross-border payments, at the highest level they are the settlement engine for a rapidly globalizing economy,” said Kohli.

Global Payments 77

Global Payments Cross-Border Payments Cross-Border ISO 20022 77

PYMNTS

MAY 1, 2019

and cross-border payments. Volante explained that VolPay-as-a-Service supports management of a range of corporate enterprise resource planning and acknowledgement formats to streamline corporate customer on-boarding for financial institutions, automating the process of connecting businesses to payment service providers via API.

ISO 20022 66

ISO 20022 Same Day ACH Cross-Border Payments Payment APIs and Integration 66

Payments Source

APRIL 24, 2019

Javier Pérez-Tasso has been named the new CEO of payments messaging standards provider Swift, replacing Gottfried Leibbrandt, who steps down from the post at the end of June.

SWIFT 115

SWIFT Message Standards Payment Message Posting 115

Fintech News

DECEMBER 10, 2023

This year’s Singapore Fintech Report 2023 found that there was an enhanced focus on digital money and assets, increased adoption of new technologies, and a surge in real-time cross-border payment systems in the city-state.

FinTech 119

FinTech Cross-Border Deepfake Cross-Border Payments 119

PYMNTS

MARCH 17, 2020

This is where open source technology has typically come to the rescue, in particular containerization and container orchestration technology based on the Kubernetes ecosystem, which allows FSI players to secure, manage and scale horizontally their payment processing functions across different computing environments. 1: Security.

Cross-Border 91

Cross-Border Innovation Payment APIs and Integration Cross-Border Payments 91

PYMNTS

JANUARY 20, 2021

Justin Cross , WEX's director of business development and partnerships, EMEA and APAC, said in the announcement that the company's corporate payments operation will continue working with brands such as MYOB to help with local business expansion and to “ensure payments are not an afterthought.”. 19) announcement.

ISO 20022 64

ISO 20022 ISOs B2B Cross-Border 64

Payments Source

JUNE 3, 2019

Payments messaging standards provider Swift has received a license to offer connections to all of the Eurosystem market infrastructures for payments, securities settlement and collateral management.

SWIFT 69

SWIFT Message Standards Gateways Payment Message 69

Payments Source

SEPTEMBER 23, 2019

The Federal Reserve Banks put the brakes on their planned migration of the ISO 20022 messaging standard, delaying a three-phased migration established in 2017 that targeted November 2020 as the start of that process.

ISO 20022 68

ISO 20022 ISOs Federal Reserve Fed 68

Payments Source

NOVEMBER 6, 2019

Swift and EBA Clearing have started developing the process by which Europe's large-value payment system will migrate to use of the ISO 20022 messaging standard.

ISO 20022 62

ISO 20022 ISOs SWIFT Message Standards 62

Payments Source

APRIL 4, 2019

Payments messaging standards provider Swift has established a new group to help it promote and assure smooth migration of the cross-border ISO 20022 standard.

ISO 20022 62

ISO 20022 ISOs SWIFT Cross-Border 62

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.

Interoperability 61

Interoperability ISO 20022 Cross-Border ISOs 61

PYMNTS

APRIL 19, 2017

The largest retail bank in Italy has made its first major step onto the stage of real-time cross-border payments. Intesa Sanpaolo announced Tuesday (April 18) that it has successfully completed its first testing activities with EBA Clearing, using technology by Dovetail for pan-European real-time payments.

Real Time Payments 40

Real Time Payments ISO 20022 Cross-Border Payments Cross-Border 40

PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . Federal Reserve and TCH, Europe’s Eurosystem and EBA CLEARING and the U.K.’s

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

AUGUST 28, 2019

However, while corporate adoption of real-time B2B payments will not happen overnight, he noted that there are other factors beyond back-office upgrades that support a more painless transition. Speaking The Same (Payments) Language. This is particularly true, he said, when supporting faster payment capabilities across borders.

ISO 20022 52

ISO 20022 Real Time Payments B2B ISOs 52

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.

ISO 20022 49

ISO 20022 Process Cross-Border Payments Message Standards 49

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.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

SEPTEMBER 7, 2017

Efficiency is closely linked to digitization, so the Fed’s efforts to promote payments efficiency mean promoting the use of electronic payments. This includes the implementation of ISO 20022 messaging standards across organizations like NACHA and SWIFT. Cross-Border Payments. Collaboration.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49

PYMNTS

JANUARY 7, 2021

PYMNTS CEO Karen Webster held a panel discussion with Transfermate CEO Sinead Fitzmaurice , Coupa Executive Vice President Ravi Thakur and Wells Fargo Head of Global Product Management Judd Holroyde to discuss what it means for organizations to step back and look at the bigger picture of cross-border payments. "We

Cross-Border 97

Cross-Border B2B Payment APIs and Integration ISO 20022 97

PYMNTS

DECEMBER 12, 2019

This challenge will particularly come into play as more service providers around the world grapple with the need for interconnecting various markets’ real-time payments systems to support cross-border transactions — not an easy task when each market today remains at a different point in its own faster payments journey.

RTP 72

RTP Real Time Payments Faster Payments Cross-Border 72

PYMNTS

SEPTEMBER 23, 2019

The Payments Market Practice Group asked the Federal Reserve to reassess its approach to the project, which involves a three-phased migration to the ISO 20022 messaging standard for the Fedwire Funds Service. central bank said in a press release on Monday, Sept. The industry group prefers same-day implementation. .

ISO 20022 76

ISO 20022 Federal Reserve ISOs FedWire 76

PYMNTS

JULY 3, 2018

Offering smoother cross-border payments is also the motivation behind a recent faster payment development for the U.K.’s s payment systems. Faster Payments Scheme will see the implementation of the international messaging standard known as ISO20022.

Faster Payments 40

Faster Payments Cross-Border Zelle Payments 40

PYMNTS

AUGUST 16, 2019

Corporate leaders want cross-border systems to deliver that same level of responsiveness. The cross-border payment space is ready — and perhaps overdue — for disruption. Change is being fueled by shifting regulations and emerging digital technologies that enable faster payment capabilities.

Cross-Border Payments 54

Cross-Border Payments Cross-Border ISO 20022 Interoperability 54

PYMNTS

JANUARY 26, 2017

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too.

Blockchain 57

Blockchain Cross-Border Payments Cross-Border B2B 57

PYMNTS

JANUARY 24, 2019

23), BELLIN revealed it is joining the g4C effort, which enables banks to provide gpi data to their corporate clients, heightening transparency and traceability of corporate cross-border transactions. In a press release issued Wednesday (Jan.

SWIFT 57

SWIFT Treasury Management Payment Message Cross-Border 57

PYMNTS

JUNE 20, 2016

The Federal Reserve is pushing for adoption of the ISO 20022 global payments messaging standard, a move industry analysts say could streamline B2B payments, especially cross-border. Still, there is progress, Swendseid said. “The U.S.

ISO 20022 40

ISO 20022 ISOs Fed AFP 40

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.

ISO 20022 40

ISO 20022 ISOs SWIFT Message Standards 40

PYMNTS

AUGUST 31, 2017

Payment System , published in early 2015, which highlights priorities that range from payments security to the adoption of the ISO 20022 messaging standard for cross-border payments. It’s a position that sees Sapenaro putting into action the words of the Fed’s Strategies for Improving the U.S.

Federal Reserve 64

Federal Reserve Innovation Secure Payments Task Force Faster Payments 64

PYMNTS

OCTOBER 22, 2019

As commerce becomes 24/7 and strives for speed and transparency, Kohli noted that “flat currency models” and infrastructure are the future of payments. Building on new initiatives to overlay legacy systems (like ISO 20022 messaging standards) can aid in those endeavors.

Cash Management 41

Cash Management ISO 20022 Message Standards Faster Payments 41

PYMNTS

SEPTEMBER 23, 2019

The industry push for SWIFT’s ISO 20022 adoption continues to encourage financial institutions to adopt the payments messaging standard for more efficient transmission of transaction data, which can have particular impact for high-value cross-border B2B payments.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49