PYMNTS

JULY 29, 2020

According to Reuters, the report urges increased use of the Cross-Border Interbank Payment System ( CIPS ) instead of the Belgium-based SWIFT system. In theory, this would help protect China’s global payments data from possible U.S.

ISO 20022 116

ISO 20022 SWIFT Cross-Border ISOs 116

PYMNTS

NOVEMBER 13, 2020

Connecting SMBs to real-time payments functionalities can be an important value add for businesses that need better management of their working capital and finances. This can be particularly troublesome for businesses waiting to receive payment, while for payers, the cost associated with these transfers is another common pain point.

Real Time Payments 75

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

PYMNTS

JUNE 13, 2018

. “Today’s commercial payments infrastructure in Canada is built on many layers of outdated technology and processes that are needlessly complex and time-consuming, not to mention error-prone and labor-intensive,” said PayStand CEO and Founder Jeremy Almond in the statement.

Electronic Funds Transfer (EFT) 43

Electronic Funds Transfer (EFT) B2B Blockchain ISO 20022 43

PYMNTS

MARCH 16, 2016

That’s probably sound advice for any market hoping to achieve faster, more efficient payments — especially cross-border — by adopting a unified payments messaging system. Now, Canada is taking on the education and marketing effort.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40

PYMNTS

MAY 12, 2020

National Institutional Facilitation Technologies (NIFT) and B2B FinTech Haball are collaborating to develop a new digital payment rail to facilitate B2B transactions in Pakistan, the companies recently announced.

B2B 52

B2B Same Day ACH FedNow Federal Reserve 52

PYMNTS

MARCH 8, 2017

In addition to offering users a simpler and potentially safer method of identifying payment recipients, some proxy solutions also offer a messaging service related to payment transactions. These messaging features can act as an invoicing tool to help users identify the purpose of a funds transfer or a request for payment.

Faster Payments 43

Faster Payments Consumer Payments NACHA 43

PYMNTS

JULY 13, 2018

Kenya — the country that serves as the anchor for much of these trends — still represents one of the best examples of the continent’s embrace of mobile payments and commerce. The country’s finance minister recently proposed a tax increase that would fund “ free healthcare for all.”.

Mobile Payments 42

Mobile Payments Payments Funds Transfer Accounts 42