PYMNTS

NOVEMBER 27, 2019

Further, one of the largest benefits to corporates of faster and real-time payments services is less about the speed and more about the data these networks are able to carry along with a transaction. A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

Fintech Finance

JULY 10, 2024

It will enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards. As the industry adopts ISO 20022 globally, this modernisation solution meets regulatory mandates, improves system resilience, and integrates future payment services.

ISO 20022 98

ISO 20022 Real Time Payments ISOs Payments 98

PYMNTS

MARCH 16, 2016

When analysts from SWIFT and its ISO 20022 Registration Authority took a look at the various efforts behind adoption of the global messaging standard in 2014, a report found that while implementation projects were on their way across Europe, Russia and Africa, among the laggards were the U.S. in its faster payments initiatives.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40

PYMNTS

OCTOBER 10, 2016

ISO 20022, which is designed to set the tone for global financial industry messages, provides a standardized approach to building messaging standards across financial services. “They are trying to maintain interoperability from a global perspective and also trying to achieve that standardization,” he explained.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. Back in August 2019, he said, the Fed’s initial efforts had garnered roughly 200 responses tied to the Federal Register commentary period. Looking Toward Interoperability And Scale .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

AUGUST 21, 2020

Interoperability Is Key. To get there, interoperability is key, said Cunha. He pointed to standards seen with ISO 20022 as a guidepost for such CBDC interplay — whether retail or wholesale payments are being coordinated (at present most central banks’ CBDC initiatives are focused on wholesale payments).

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

PYMNTS

NOVEMBER 18, 2020

Fifth Third’s Chayt said the need for speed might have gotten real-time payments initiatives off the ground, but that’s just a starting point. economy is proving to be a tailwind for faster payments and processes. The “now,” according to the panelists, demands interoperability between rails, which is an eventuality.

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98