PYMNTS

NOVEMBER 13, 2020

Increasingly, said Beattie, online transfers are the preferred payment method of smaller companies, but legacy mechanisms like electronic funds transfers (EFTs) place lag time on the transaction.

Real Time Payments 75

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payment APIs and Integration 75

PYMNTS

JUNE 13, 2018

“PayStand has built a unique infrastructure capable of natively supporting Canadian electronics funds transfer (EFT) and card payment technology, essentially transforming and modernizing the entire payments lifecycle for businesses, no matter the manner of payment.”

Electronic Funds Transfer (EFT) 43

Electronic Funds Transfer (EFT) B2B Blockchain ISO 20022 43

The Fintech Times

JUNE 13, 2024

Sarie facilitates instant fund transfers within the Kingdom, enhancing both consumer convenience and business liquidity. These gateways handle the real-time authorisation and execution of payments, integrating with banking systems to facilitate swift fund transfers.

Instant Payments 59

Instant Payments Payment APIs and Integration ISO 20022 Payment Gateways 59

PYMNTS

DECEMBER 3, 2018

Data formats rely on ISO 20022, as the EPC has stated in the past. Instant payments, he said, offer a variety of use cases that span emergency fund transfers and, of course, peer-to-peer (P2P) transactions (splitting the bill, for instance). “It’s an integration that is not backward-looking, but forward-looking.”.

Instant Payments 62

Instant Payments ISO 20022 Online and Mobile Banking Use Case 62

PYMNTS

AUGUST 15, 2019

Sarintorn added that her particular division will continue to look for ways to enhance KBank’s overseas fund transfer services capabilities. The bank is looking to adopt the ISO 20022 standard to make its overseas transfers more efficient and will follow this as a model for future services.

FinTech 49

FinTech Cross-Border Cross-Border Payments ISO 20022 49

PYMNTS

MAY 12, 2020

The companies are combining their technologies to launch NIFT ePay to digitize supply chains via a contextual funds transfer (CFT) payment rail based on the ISO 20022 payments messaging standard, integrated into company ERP systems and other platforms throughout the supply chain.

B2B 52

B2B Same Day ACH FedNow Federal Reserve 52

PYMNTS

NOVEMBER 20, 2019

million ACH electronic funds transfer (EFT) payments were made from health plans to health providers in 2018 — an 11.5 Electronic messaging standards, such as ISO 20022, could also repair healthcare’s reconciliation issues. percent increase from the previous year. This put the value of ACH-based healthcare payments at $1.59

Real Time Payments 44

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payer 44

Fintech News

DECEMBER 15, 2024

The PoC tested two DLT platformsCorda by R3 and Hyperledger Besu by Kaleidoevaluating their ability to support key processes such as issuance, redemption, and fund transfers. Both platforms successfully met the 55 predefined test scenarios, demonstrating scalability, resilience, privacy, and fault tolerance.

CBDC 111

CBDC Distributed Ledger Technology (DLT) ISO 20022 Cross-Border 111

Fintech News

JANUARY 9, 2025

To achieve this, the PoC focused on three key processes: issuance, redemption, and fund transfers. Additionally, integration challenges were resolved through the adoption of interoperability standards like ISO 20022, enabling compatibility with both domestic and international financial market infrastructures.

Distributed Ledger Technology (DLT) 124

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 124