PYMNTS

MAY 8, 2017

Real-time payments initiatives are under way all across the globe, but there is little consistency across jurisdictions regarding how the financial services sector takes on the initiative or where each market is at in terms of progress in achieving real-time payments capabilities. In the U.S., In the U.S.,

Real Time Payments 46

Real Time Payments ISO 20022 TCH ACH 46

PYMNTS

SEPTEMBER 22, 2016

21) it continues to register a strong growth rate in the number of payment service providers (PSPs) confirming their interest in its pan-European instant payment service, which is on schedule to be delivered in Nov. At the time of the announcement, there were 39 underwriting banks.

Instant Payments 55

Instant Payments Real Time Payments Message Standards Payments 55

PYMNTS

NOVEMBER 18, 2020

The Clearing House 's RTP network is now several years old, and while the real-time payments capability is gaining traction, adoption in the B2B landscape remains muted. Indeed, it can be difficult for businesses to change their payment habits. Today's Most Valuable Use Cases. But certain trends are emerging.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

AUGUST 13, 2019

Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. The much-awaited decision dismayed large banks that regard a government-run system as unnecessary competition with their own real-time rail, The Clearing House’s Real Time Payments (RTP).

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. OpenPayd Debuts Real-Time FX.

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

PYMNTS

FEBRUARY 21, 2019

The companies noted that the blocks are focused on SWIFT and SEPA payments, using EastNets’ PaymentSafe and SafeWatch Filtering solutions, which will make such payments compliant with anti-money laundering (AML) mandates. Faster Payments In Asia.

Cross-Border 76

Cross-Border Cross-Border Payments Real Time Gross Settlement (RTGS) Rules 76

Fintech News

OCTOBER 15, 2024

Keeping pace with changing market dynamics and accelerating time to market for quickly launching new digital products are essential to remaining competitive. The benefits of ISO 20022, including improved communication between banks and payment systems, are prompting even those not currently using it to plan upgrades.

ISO 20022 109

ISO 20022 ISOs Payments Instant Payments 109

PYMNTS

APRIL 29, 2019

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. A London-based manufacturer can’t rely on the U.K.’s

ISO 20022 77

ISO 20022 Interoperability Instant Payments Cross-Border 77

Evolve Payment

SEPTEMBER 29, 2023

More Instant Peer-to-Peer (P2P) Payments Waiting days for payments to clear will become a thing of the past in 2024. Instant payments will become the norm, enabled by technologies like real-time payment networks and blockchain.

Industry Trends 52

Industry Trends ISO 20022 Contactless Payments Cross-Border 52

PYMNTS

AUGUST 1, 2018

But the Faster Payments Scheme is running into new challenges as it is increasingly leveraged for consumers’ daily purchasing, King said. The real-time payment rail was designed for interbank payments, after all. The Customer Dispute Challenge. These discussions aren’t just happening on the domestic front, either.

Faster Payments 40

Faster Payments Real Time Payments Payments Online and Mobile Banking 40

PYMNTS

AUGUST 5, 2019

Financial players’ attempts to address such issues include offering pre-validation services to confirm payment details prior to initiating payments, creating regional instant payment schemes or making domestic real-time payment systems interoperable to quickly move funds.

Cross-Border 46

Cross-Border ISO 20022 Cross-Border Payments Payment APIs and Integration 46