PYMNTS

FEBRUARY 5, 2020

George Throckmorton, NACHA managing director and executive director of Afinis Interoperability Standards, said using the conventional bilateral agreements for payment data sharing “limits broader industry adoption” and doesn’t meet expectations. NACHA also announced that Ernst & Young (EY) will assist in the development of Phixius. “EY

NACHA 52

NACHA Phixius B2B Same Day ACH 52

PYMNTS

JANUARY 2, 2019

a number of leading tech companies have become vocal in their support of a real-time payments (RTP) network, to be created under the leadership of the Federal Reserve and different from what has been previously proposed by the big banks. He said “businesses are crying out for [RTP]” as part of their everyday interactions with one another.

Real Time Payments 79

Real Time Payments RTP ISO 20022 Cross-Border 79

PYMNTS

JANUARY 25, 2019

Some financial institutions (FIs) are seeking to help their corporate clients tap into real-time payments (RTP) to keep up the pace. . “We Citizens plans to provide greater payments speed to its clients this year by using the RTP rail developed by The Clearing House (TCH). However, the current payments environment in the U.S.

Real Time Payments 67

Real Time Payments Federal Reserve RTP TCH 67

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. Clearing House has the RTP network. If all goes as planned, that is. In a Thursday (Aug.

Instant Payments 75

Instant Payments Fed FedNow Interbank Settlement 75

PYMNTS

NOVEMBER 18, 2020

In the United States alone, for example, The Clearing House’s RTP network serves 70 percent of all DDAs. He said the movement toward standards – particularly the messaging standard ISO 20022 and its marriage of data to payment flows – will enable banks to help their clients reduce manual reconciliation and expand their own businesses.

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98

PYMNTS

AUGUST 7, 2019

“We obviously expect that the collective set of technology and the services that we’re buying can be further exported more widely across Europe and into other markets,” he said, with the goal to create an interoperable market of payments schemes that can facilitate account to account payments, in real time, across countries.

Visa 77

Visa Acquirers Real Time Payments ISO 20022 77

PYMNTS

APRIL 29, 2019

An interoperable cross-border solution could remove these frictions and provide smooth transfers between two real-time payment systems, while a single, globally accessible faster payments service could offer swift end-to-end transfers. Smooth communications between players must be supported if payment schemes are to be interoperable.

ISO 20022 77

ISO 20022 Interoperability Instant Payments Cross-Border 77

Segpay

JUNE 13, 2024

Interoperability: Designed to work alongside existing payment systems. Interoperability and Inclusiveness : SCT Inst’s success in fostering inclusivity by enabling all banks, regardless of size, to participate in the real-time payment network was a crucial learning point. Accessibility: Available to all banks and credit unions.

FedNow 52

FedNow Federal Reserve Real Time Payments Instant Payments 52

PYMNTS

AUGUST 16, 2019

The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. Last month, SWIFT released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81