PYMNTS

JANUARY 20, 2021

Banque de France has successfully finished its CBDC pilot, with a blockchain infrastructure for interbank settlement. The effort involved a settlement on a private blockchain provided by British upstart SETL of approximately 2 million euros (roughly $2.4 Citi To Accelerate ISO 20022 Adoption Via Volante Partnership.

ISO 20022 54

ISO 20022 CBDC ISOs Interbank Settlement 54

PYMNTS

OCTOBER 12, 2020

As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function). The Timeframe .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific.

Instant Payments 75

Instant Payments Fed FedNow Interbank Settlement 75

PYMNTS

JUNE 4, 2019

The ISO 20022 messaging functionality on the RTP network provides banks of all sizes with rich messaging capabilities to enable conversational commerce, allowing banks to continue to build strong relationships with their customers.”. PayFi said its RTP network is the first new core payments infrastructure in over 40 years.

Real Time Payments 48

Real Time Payments ISO 20022 RTP Interbank Settlement 48