Remove Interbank Settlement Remove ISO 20022 Remove Payment Initiation
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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

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There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. Interoperability, he added, will be fostered through the use of ISO 20022, for standardized messaging.