Remove Instant Payments Remove Message Standards Remove Payment Message
article thumbnail

Instant Payments Gain Ground With SEPA, SWIFT

PYMNTS

The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. The service, as has been reported, lets customers make instant payments from inside the Single Euro Payments Area (also known as SEPA ).

article thumbnail

Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments

PYMNTS

Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. For financial service providers, instant payments offers a chance to open up new revenue streams and develop new services for corporate clients.

article thumbnail

How Choice Drives Real-Time Payments Adoption With Canada's SMBs

PYMNTS

As real-time payments make their way to ubiquity in markets around the globe, more small- to medium-sized businesses ( SMBs ) are exploring how instant transactions may be able to add value to their own operations.

article thumbnail

Blockchain Makes Headway Over Legacy X-Border Rails

PYMNTS

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. Steamchain Lands Investment For Blockchain Tech.

article thumbnail

The Clearing House: RTP Network Drives New Use Cases, Creates Value For SMBs This Holiday Season

PYMNTS

One of the reasons that the RTP network, and instant payments in general, are a good thing for businesses to use for B2B payments is that it allows the business to have much more control over the payment process," he explained. But certain trends are emerging. It's not just about the speed.".

RTP 82
article thumbnail

B2B Use Cases Drive Up Real-Time Demand

PYMNTS

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. Smaller FIs Drive Real-Time Demand.

article thumbnail

Keeping Up with the Pace: Modernising Payment Systems

Fintech News

The Drivers of Change Source: Adobe Stock ISO 20022 has become the global standard for payments messaging, with two-thirds of real-time payment systems around the world already using it, according to Mastercard. The need to modernise payment infrastructures is critical in this age of instant money transfers.

ISO 20022 112