PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. Along the way, not surprisingly, we’ll transition more fully to digital payments across modernized (and streamlined) rails, flowing domestically and eventually across borders.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

AUGUST 13, 2019

The faster payments landscape is changing rapidly, most recently with the U.S. Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. Deep Dive: The Challenges and Benefits of ISO 20022 Migration. Get the full story in the Tracker. Read more in the Tracker.

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

AUGUST 21, 2020

He pointed to standards seen with ISO 20022 as a guidepost for such CBDC interplay — whether retail or wholesale payments are being coordinated (at present most central banks’ CBDC initiatives are focused on wholesale payments). Interoperability Is Key. To get there, interoperability is key, said Cunha.

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

PYMNTS

NOVEMBER 18, 2020

But the Federal Reserve has its own horse in the race, called FedNow , which is on the horizon. Fifth Third’s Chayt said the need for speed might have gotten real-time payments initiatives off the ground, but that’s just a starting point.

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98