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

NOVEMBER 27, 2019

According to Tom Halpin, head of payment products at HSBC , faster and real-time payment services don’t only provide the value of speed for corporate clients, especially in the context of cross-border transactions. Progress in Tackling Cross-Border Payments Friction. Progress in Tackling Cross-Border Payments Friction.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

MARCH 17, 2020

Drilling down a bit, Caldeira said that the speeds of money transfers themselves are increasing across any number of use cases and verticals, and crossing borders with growing frequency. The Need For Standardization In Cross-Border Payment Processing. The Challenges Of Multi-Channel Payment Innovation.

Cross-Border 91

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

PYMNTS

MAY 1, 2019

and cross-border payments. ACH, Same Day ACH, Zelle, RCH RTP clearing and settlement, and SWIFT cross-border payments are all supported under the solution. “With the increasing popularity of Software-as-a-Service models in financial services, this is an ideal time for U.S. financial institutions.

ISO 20022 66

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

PYMNTS

AUGUST 13, 2019

The much-awaited decision dismayed large banks that regard a government-run system as unnecessary competition with their own real-time rail, The Clearing House’s Real Time Payments (RTP). Deep Dive: The Challenges and Benefits of ISO 20022 Migration.

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

JULY 3, 2018

The need for faster payments is transcending borders, with FIs in several major global regions making efforts to expand local access to speedier payments. First, BNY Mellon recently announced that it became the first bank to enable Request for Payment messages using The Clearing House’s (TCH) Real-Time Payments (RTP) network.

Faster Payments 40

Faster Payments Cross-Border Zelle Payments 40

PYMNTS

AUGUST 7, 2020

Clearing House has the RTP network. However, Kansas City Fed chief George said the system will initially focus on domestic movement of money and won’t include cross-border transactions. The Fed panelists said offering FedNow alongside private-sector offerings will give banks some redundancy, and thus resiliency.

Instant Payments 75

Instant Payments Fed FedNow Interbank Settlement 75