Remove Interoperability Remove ISO 20022 Remove Value Added Service
article thumbnail

Finastra Facilitates Connection of Swiss Banks in Readiness for New SIC Instant Payments Service

Fintech Finance

“Facilitating connectivity to SIC Instant Payments, and any critical payments infrastructure of this kind, reflects our commitment to supporting banks on their broader payment modernization journey – helping them to work in a more agile way and deliver value-added services to customers.”

article thumbnail

NETSTARS Partners with ACI Worldwide to Power the World’s Payment Ecosystem

Fintech Finance

It will allow payment service providers and merchant acquirers in Japan to accelerate speed to market with new innovative payment services, modernize merchant and consumer payment experiences, and lower the total cost of ownership.

ISO 20022 104
article thumbnail

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

PYMNTS

According to Domenico Scaffidi , head of market infrastructures at Volante , there is a bit of a conundrum: While the most obvious value proposition of real-time payments is speed, corporate customers require value-added services alongside real-time payments on the basis that moving money in real time is not enough.

article thumbnail

Visa Joins Phixius Pilot For B2B Payment Data Exchange

PYMNTS

Visa has become a part of the ranks of companies experimenting with Phixius, a technology that assists credentialed service providers in exchanging and supervising digital payments data, NACHA said in a Wednesday (Aug. However, Phixius makes these deals less necessary as it offers interoperability. 12) announcement.

Phixius 79
article thumbnail

Finastra’s 24/7 Instant Payment Service Offers Real-Time Sanctions Screening

The Fintech Times

“Facilitating connectivity to SIC Instant Payments, and any critical payments infrastructure of this kind, reflects our commitment to supporting banks on their broader payment modernisation journey – helping them to work in a more agile way and deliver value-added services to customers.”

article thumbnail

FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

These comment letters highlighted the need for features to address accessibility, interoperability, security, liquidity, and fraud prevention,” Montgomery said. FinTechs are interested in providing value-added services to FIs — and can conceivably connect their offerings to the FedNow platform via participating depository institutions.

article thumbnail

Real-Time Payments Go Beyond The Need For Speed

PYMNTS

As she told Webster: “When you start to think about corporates and middle-market companies, that's when you start to understand that infrastructure, the straight-through processing, the managed-service wrapper that a bank can bring is where the real efficiency and value are seen.”. That was then, this is now.”.