Fintech Finance

MARCH 26, 2024

Interoperability is critical to Swift’s strategy for instant and frictionless transactions. The second phase of sandbox testing went further, exploring more complex use cases, using Swift’s solution to connect and orchestrate transactions across simulated digital trade and tokenised asset and FX networks, alongside CBDCs for payments.

Cross-Border 52

Cross-Border Use Case SWIFT CBDC 52

PYMNTS

OCTOBER 25, 2019

Enterprise software firm SAP is teaming up with professional services firm Accenture and blockchain company R3 to develop a distributed ledger technology (DLT) solution that aims to accelerate the settlement of payments between banks and customers. A press release issued on Thursday (Oct. A press release issued on Thursday (Oct.

Real Time Gross Settlement (RTGS) 40

Real Time Gross Settlement (RTGS) Settlement Distributed Ledger Technology (DLT) Blockchain 40

Payments Dive

AUGUST 3, 2018

India’s Unified Payment Interface (UPI), an interoperable payment infrastructure for real-time clearing and settlement of funds, is designed to meet the emerging payment needs of customers in a 24/7 digital economy.

Interoperability 60

Interoperability Settlement Emerging Payments Economy 60

Fintech News

SEPTEMBER 17, 2024

The system is widely used across India for a variety of financial transactions, including peer-to-peer (P2P) payments, bill payments, and online shopping, accounting for 53.4% They allow payment aggregator-cross border (PA-CB) providers to operate independently, without the support of authorized dealer (AD) banks.

Digital Payments 97

Digital Payments Credit Cards Payments Online and Mobile Banking 97

Faster Payments Council

SEPTEMBER 23, 2023

Other countries, India and Brazil particularly, have illustrated the positive effect directory capability can have on faster payment adoption. Here our experts discuss the challenges and opportunities for establishing interoperable directory capabilities in the United States.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

PYMNTS

JUNE 10, 2016

A recent white paper by NACHA , the mobile payments alliance, developed in tandem with the Payments Innovation Alliance Mobile Wallet Team, found significant value in the cloud for emerging payment solutions. The choice is a simple one: to innovate or be disintermediated.

NACHA 40

NACHA Same Day ACH Deposit Account Enrollments 40

PYMNTS

DECEMBER 9, 2019

Second is the concept of digital exchange of data between credit unions, critical for an array of processes from loan underwriting to payments. Third is the exchange of value — which includes payments, Esser noted, but also incorporates other concepts of value like settlement, or even member loyalty.

Credit Union 54

Credit Union Cross-Border Electronic Funds Transfer (EFT) Distributed Ledger Technology (DLT) 54