Remove Global Payments Remove Payment Message Remove Payment Networks
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The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

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. Progress in Tackling Cross-Border Payments Friction.

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Universal Digital Payments Network (UDPN) and FORUS Digital Announce Strategic Cooperation to Advance Financial Innovation in Africa

Fintech Finance

By providing African governments and financial institutions with blockchain-driven tools, UDPN will support enabling an inclusive, scalable digital payments system for the African continent.

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M10 CEO: What Central Banks Want In New Global Payments Rails

PYMNTS

Payment rails are getting more attention these days, and there is an increasing focus on offering a standardized, relatively seamless experience that can be locked and loaded by various operators with minimal hassle. Payment rails are undergoing significant innovation, a trend that promises to continue into the 2020s in various areas.

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Banks to test Swift's payment error detection software

Payments Source

Fifteen major banks will test Swift's pre-validation service for Global Payments Innovation transactions, focusing on quickly identifying and eliminating errors or omissions in payment messages.

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Smarter Payments Tracker Eyes Interoperability

PYMNTS

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. But as the Tracker explores, there are several initiatives in the works to tackle those challenges — including in the corporate sphere.

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Why Blockchain Holds Promise For Cross-Border Payments

PYMNTS

Blockchain has potential to securely transmit remittance data along with payments in cross-border B2B transactions, enable companies to use smart contracts to enforce business agreements in B2B trade and mitigate the risk of fraud in supply chain transactions. The new remittance scheme will be powered by Ripple’s xRapid and xCurrent services.

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Global Cross-Border Payments Expected To Grow, But Challenges Remain

PYMNTS

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.