PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business. The Community Approach to Ubiquity.

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ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

APRIL 19, 2016

Payments technology developers and regulators are beginning to voice their support for ISO 20022, the payments messaging standard that proponents say can streamline global payments with an easier way to link data to a transaction. Up next is Switzerland.

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ISO 20022 ISOs Message Standards Federal Reserve 40

PYMNTS

OCTOBER 7, 2020

Through collaboration with over 20 financial institutions and a number of vendors, we will enable these customers to make fast, easy, predictable and competitively priced payments all around the world via their banks.”. Oracle and SWIFT share a history of collaboration.

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Cross-Border Payments Cross-Border SWIFT ISO 20022 145

PYMNTS

JUNE 20, 2016

The Federal Reserve is pushing for adoption of the ISO 20022 global payments messaging standard, a move industry analysts say could streamline B2B payments, especially cross-border. “The wire infrastructure will be the first infrastructure to abandon its propriety formats and move to ISO 20022.”

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ISO 20022 ISOs Fed AFP 40

Fintech Finance

APRIL 1, 2025

A new whitepaper by global payments processor and technology provider, RS2 , has revealed that a staggering 70% of banks’ IT budgets are consumed by maintaining outdated legacy systems. ” With the November 2025 ISO 20022 deadline approaching, banks must act quickly to modernize their infrastructure.

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ISO 20022 Innovation Fraud Detection AI 54

The Payments Association

MARCH 19, 2025

Enhance cross-border payments by integrating an always-on solution directly and locally with regional and global payment networks, ensuring compliance with constantly evolving regulatory standards. This can be on-prem, or hosted in any private or public cloud.

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Payment APIs and Integration Innovation Cross-Border ISO 20022 88

PYMNTS

JULY 28, 2016

Though it can be traced back to 2004 and was revised as recently as 2013, the ISO 20022 framework is still a source of confusion across the payments industry. This “standard for standards” is designed to set the tone for a global financial industry message scheme, but unfortunately it is often misunderstood.

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ISO 20022 ISOs NACHA ACH 40

Payments Source

MARCH 12, 2019

Ideally, Swift would like to see its worldwide bank network fully adopt its Global Payments Innovation initiative as well as the ISO 20022 messaging standard for cross-border payments.

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ISO 20022 SWIFT Cross-Border Payments Cross-Border 79

Fintech Finance

NOVEMBER 12, 2024

RedCompass Labs , the global experts in payments modernization, has launched the world’s first multi-agent AI solution engineered specifically to accelerate payments transformation: AnalystAccelerator.ai. helps banks address these challenges with the world’s first applied AI tool for payments modernization.

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ISO 20022 AI FedNow RTP 98

PYMNTS

JULY 9, 2020

In a PYMNTS interview , Tim Coats, Oxbury co-founder, chief customer and regulatory officer, said Faster Payments will become a key rail for the farming and agricultural space to accelerate cash flow through its supply chain. SWIFT Certifies Fiorano ISO 20022.

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ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

PYMNTS

MARCH 14, 2019

One of the areas of corporate finance experiencing the biggest exposure to these disruptors is global payments. With that preamble, I think it’s right to say cross-border payments have significantly changed over the last few years.” ” Yet there is progress to be made.

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Global Payments Cross-Border Payments Cross-Border ISO 20022 77

Fintech Finance

NOVEMBER 8, 2024

Anupam Pahuja, General Manager and Executive Vice President for APAC, Middle East and Africa at Nium, said, “We are thrilled to partner with Ecobank and introduce Nium’s cutting-edge real-time payment capabilities to Africa.

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Cross-Border Payments Cross-Border ISO 20022 Payment APIs and Integration 98

PYMNTS

AUGUST 16, 2019

In 2017, the European Payments Council launched the pan-European Single Euro Payments Area ( SEPA ) Instant Credit Transfer System, and Southeast Asian countries Indonesia, Malaysia, Singapore, Thailand and Vietnam agreed to establish a real-time cross-border payments network. and Australia’s NPP. and Australia’s NPP.

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Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

NOVEMBER 12, 2018

continues its move to adopt the ISO 20022 payments messaging standard, the Bank of England is reportedly planning to create a panel aimed at streamlining the adoption of the standard for more efficient payments in the country. payment ecosystem, including APIs for the financial services space. As the U.K.

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Payment Message ISO 20022 Message Standards ISOs 77

The Paypers

JUNE 24, 2016

(The Paypers) The Federal Reserve (Fed) has made efforts in pushing ISO 20022 global payments messaging standard adoption.

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ISO 20022 ISOs Federal Reserve Message Standards 28

Fintech Finance

AUGUST 27, 2024

Mexipay will utilize ACI’s Digital Central Infrastructure solution, part of the award-winning ACI Enterprise Payments Platform, to address the need for enhanced real-time payment services. billion real-time payments were processed in Mexico in 2023, making it the 10th largest real-time payments market in the world.

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Instant Payments Real Time Payments ISO 20022 Financial Inclusion 96

Fintech News

FEBRUARY 28, 2025

These documentations include implementation guides for various types of participants, ISO 20022 message specifications, and API standards. Scaling Project Nexus for Global Adoption Importantly, Nexus is not just an ASEAN-focused initiative.

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Cross-Border Payments Cross-Border ISO 20022 Payment APIs and Integration 67

Finextra

JULY 8, 2024

At EBAday 2024, Sulabh Agarwal, Global Payments Lead, Accenture, discusses how banks are approaching payments transformation and why the traditional model may not work with the number of initiatives coming to the fore soon.

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ISO 20022 ISOs Payments AI 59

PYMNTS

SEPTEMBER 11, 2019

In July, SWIFT released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. Last week, SWIFT launched a new API standard for the pre-authorization of funds.

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Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

PYMNTS

AUGUST 1, 2019

In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. International payments often contain unstructured and ambiguous transaction data, causing unnecessary delays and failed processing.

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Interoperability ISO 20022 Cross-Border Correspondent Bank 61

Faster Payments Council

MARCH 15, 2023

Learn how to position ISO 20022 as a part of an organization's broader payments modernization strategy. Learn how to position ISO 20022 as a part of an organization's broader payments modernization strategy.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

PYMNTS

AUGUST 13, 2019

While the Federal Reserve dives into domestic faster payments, other players have been working to accelerate money globally. Financial messaging service provider SWIFT , for one, recently tested an effort to send money instantly between countries’ real-time payment systems. Get the full story in the Tracker. About the Tracker.

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On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

DECEMBER 21, 2018

Oakes came to Mastercard from McKinsey & Company, where she worked as an expert associate partner in the firm’s global payments practice. While there, she worked with financial institutions, and with payments businesses and investors on strategy. She also worked at Vocalink, which is now part of Mastercard.

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Visa ISO 20022 Real Time Payments XML 63

Fintech Finance

JULY 19, 2024

A global payments technical issue caused The Bank of England ‘s CHAPS payment system yesterday (Thursday 18th July) to fail leaving a large proportion of time-sensitive and high-value payments delayed. The New Payments Architecture (NPA) by Pay.UK

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Payments ISO 20022 Retail Payments Settlement 97

PYMNTS

OCTOBER 15, 2020

Noted Kresse, “RTP and other new payment rails provide us the opportunity to carry remittance direct from system to system.” Standards, such as ISO 20022 are critical to fostering interoperability, they agreed (Scola pointed to SWIFT gpi, a standard for global payments, as an example).

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Real Time Payments NACHA SWIFT TCH 125

The Fintech Times

JULY 20, 2024

As global outages hit banking firms and payments worldwide, are we to be forever doomed by glitches, power outages and cyberattacks? These disruptions indicate that many payment systems, designed decades ago, struggle with today’s transaction complexity and volume. Possible solutions may exist, but what are they?

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Payments Mitigation Regulations ISO 20022 122

PYMNTS

DECEMBER 4, 2018

Drilling down a bit from pan-European efforts in payments infrastructure to more granular ones, in the U.K., a Bank of England consultation about the embrace of messaging standards – specifically, ISO 20022 – has garnered support of a Common Credit Message (CCM) that looks for harmonization of messaging across interbank payment efforts.

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Instant Payments ISO 20022 SWIFT ISOs 50

PYMNTS

DECEMBER 20, 2018

The current market, the company’s report said, involves banks using proprietary payment formats, creating a “potential deadlock: Do banks risk losing business by insisting on using their own formats?” Or do corporates limit their choice of bank by insisting on their preferred format?”.

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ISO 20022 Value Added Service API ISOs 57

PYMNTS

SEPTEMBER 12, 2019

“Developing a new and better cross-border B2B payments solution by improving worldwide connectivity in the account-to-account space is central to Mastercard ’s ambition,” the firm’s executive vice president of New Payment Platforms Peter Klein said in a statement.

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AFP Checks ISO 20022 Cross-Border 51

PYMNTS

SEPTEMBER 23, 2019

The industry push for SWIFT’s ISO 20022 adoption continues to encourage financial institutions to adopt the payments messaging standard for more efficient transmission of transaction data, which can have particular impact for high-value cross-border B2B payments.

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B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

AUGUST 21, 2020

There are signs that the wheels are beginning to churn once again, however, and though not every industry will recover at the same pace, there is evidence that global trade is once again on the rise. Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify.

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Multi-Currency Cross-Border Payments Cross-Border Finance 69

PYMNTS

MARCH 9, 2018

The tool uses ISO 20022 payments messaging standards and technologies that are part of SWIFT’s gpi (global payments innovation) initiative combined with blockchain technology to enable the recording of transactions linked to Nostro Accounts.

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SWIFT ISO 20022 Blockchain Liquidity Management 43

PYMNTS

APRIL 8, 2020

Brandli noted that new global payment standards are driving accelerated processing windows and the need to overhaul infrastructure. Although cross-border payments via Swift’s ISO 20022 migration, originally set to roll out by November 2021, have now been set back a year and are expected to come by the end of 2022.

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Real Time Gross Settlement (RTGS) ISO 20022 Cross-Border Cross-Border Payments 72

PYMNTS

APRIL 19, 2017

According to EBA Clearing, account-servicing payment service providers across Europe will be able to use the technology for payments made in Euros starting in November of this year. Intesa Sanpaolo first partnered with Dovetail in 2012 and first offered a look into their European payments initiative a few months later.

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Real Time Payments ISO 20022 Cross-Border Payments Cross-Border 40

Fintech Finance

APRIL 17, 2024

.” – Andrew Moor, President and Chief Executive Officer Equitable Bank and EQ Bank “As chair of Payments Canada’s Member Advisory Council, I look forward to the continued industry collaboration toward delivery of the final pillar of the Real-Time Rail (RTR).

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ISO 20022 Real Time Payments Participant Payment Message 52

PYMNTS

JULY 25, 2018

Corporates want to track payments in real time and get confirmation of credit to the beneficiary’s account,” says Marc Delbaere, global head of corporates at SWIFT, in the press release. It supports FIN & ISO 20022 standards to allow corporates to access their payments status across SWIFT and bank proprietary channels.

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Cross-Border Payments Cross-Border SWIFT ISO 20022 41

PYMNTS

SEPTEMBER 10, 2019

Today, some of the industry’s biggest players will converge in New York City at this year’s PYMNTS B2B Payments Executive Forum , with Visa as presenting sponsor. The forum is a call to action for key industry stakeholders to tackle friction in the $125 trillion-worth of global payments volume flowing between businesses around the world.

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B2B Cross-Border Payments Payer 59