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

The Payments Association

MARCH 18, 2025

Open finance is transforming financial services by enabling broader data-sharing, fostering competition, and driving innovation in payments and financial products. As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

Finovate

MARCH 7, 2025

Looking at Europe specifically, what role has the European Payments Initiative (EPI) played in driving this trend? Neal: While still in its early stages, the European Payments Initiative (EPI) is playing a crucial role in reshaping the EU payment landscape.

Payments 52

Payments Push-to-Card Online and Mobile Banking P2P 52

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. AFFIN will handle over 20% more transactions, supporting growth and scalability.

ISO 20022 98

ISO 20022 Real Time Payments ISOs Payments 98

Fintech News

AUGUST 21, 2024

This trend is persisting beyond the pandemic, solidifying digital payments’ position as the preferred mode of transaction in the post-COVID era. Trends impacting the Asian payments ecosystem Asia is witnessing a significant transformation, mainly driven by the Instant Payment trend.

Payments Trends 107

Payments Trends Digital Payments Payments Instant Payments 107

Fintech Finance

OCTOBER 15, 2024

Developed by TRANSFOND, RoPay is an instant mobile payment initiation service that enables direct account-to-account transfers (A2A), utilizing technologies such as QR code scanning, deep links, NFC (contactless), or mobile numbers as proxies (aliases) for IBANs.

Instant Payments 98

Instant Payments Online and Mobile Banking Processors Payments 98

Finovate

FEBRUARY 21, 2024

Since then, the payments infrastructure has seen massive growth, having reached its peak in December of last year, when it surpassed 12 billion transactions worth $220 billion (Rs 18.23 launched its real time payments initiative, FedNow , last July and has a lot to learn from India’s UPI. trillion) in the single month.

Interoperability 64

Interoperability Real Time Payments FedNow Governance 64

The Payments Association

DECEMBER 11, 2024

There are a plethora of digital wallets for consumers to choose from in each market, and new alternative payment methods (APMs) are being introduced frequently. Open banking will further fuel instant payments 70% of respondents cited this as a key area of impact for the year ahead.

Payments Trends 88

Payments Trends Fraud Prevention Instant Payments Payments 88

PYMNTS

JANUARY 30, 2019

According to a statement , “gpi Link will seamlessly connect gpi members to multiple trade platforms, thereby enabling gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation.

SWIFT 60

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 60

PYMNTS

SEPTEMBER 21, 2016

This week, Karen Webster was joined again by NACHA President and CEO Jan Estep to discuss the relationship between Same Day ACH and other faster payments initiatives — namely, real-time payments and blockchain. What’s Under The Faster Payments Umbrella? banks and credit unions the ability to better serve their customers.

Faster Payments 76

Faster Payments Same Day ACH ACH ACH Network 76

Fintech Finance

MAY 30, 2024

In addition, Visa is announcing Visa Pay, a new payments-as-a-service platform that provides world-class mobile-first experiences for digital payments and interoperable send-and-receive that has been developed for the Central and Eastern Europe, Middle East and Africa region.

Online and Mobile Banking 52

Online and Mobile Banking Product Credential RTP 52

PYMNTS

NOVEMBER 5, 2019

But it’s not the only new payment network securing attention this week in PYMNTS’ latest roundup of the payments rails ecosystem. Elsewhere, in Australia, industry body New Payments Platform Australia (NPPA) publicized its own plans to do exactly that: add integrated, value-added features to the payments platform.

Faster Payments 40

Faster Payments Interoperability FedNow ACH 40

PYMNTS

JANUARY 21, 2019

The letter highlighted the role of faster payments as a panacea to financial inclusion problems in the U.S. The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

JANUARY 30, 2019

According to a statement , “gpi Link will seamlessly connect gpi members to multiple trade platforms thereby enabling gpi payment initiation, end-to-end payment tracking, payer authentication and credit confirmation.

SWIFT 46

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 46

PYMNTS

OCTOBER 10, 2016

“They are trying to maintain interoperability from a global perspective and also trying to achieve that standardization,” he explained. “In addition, when thinking about faster payments, there’s still a need and a real desire for receivers of those payments to receive information about the payment.”.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

MARCH 10, 2017

Developing and deploying faster payments initiatives is top of mind for many countries around the globe, but making those talks a reality is a whole different story. market specifically, it’s up for debate whether the many faster payment schemes are actually complementary or conflicting. In the U.S.

Faster Payments 67

Faster Payments Payments Interoperability Push-to-Card 67

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

PYMNTS

MARCH 16, 2016

in its faster payments initiatives. The main drivers behind CPA’s ISO 20022 initiative are to provide the Canadian financial community with enriched, robust remittance data, to enhance domestic and cross-border interoperability and to increase efficiency,” said Mark Brule, director of the CPA’s payments innovations operations.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40

PYMNTS

NOVEMBER 8, 2017

“Financial institutions need to be actively exploring use cases for real-time payments within their own organizations for meeting the requirement of their customers. Those who wait may find themselves left behind as the faster payments revolution takes hold.”. Not all real-time payments initiatives are created equal, though.

Real Time Payments 40

Real Time Payments B2B Innovation Faster Payments 40

PYMNTS

JULY 27, 2018

This lack of interoperability means some of the utility of business data can get lost, and prevent entrepreneurs from not only having a 360-degree view of their companies, but having that vision in real time. The company also has its finger on the pulse of faster payment initiatives that are making headway in the U.S.,

Same Day ACH 41

Same Day ACH Small Business Payment APIs and Integration Privacy 41

PYMNTS

SEPTEMBER 7, 2017

This year is a critical one for this initiative, the Fed said, with the Fed’s Faster Payments Task Force having already issued the results of its assessment and recommendations for continued progress. Electronic invoicing, too, will be an important focus to boosting payments efficiency, the Fed said.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49

PYMNTS

DECEMBER 19, 2019

In addition, as Open Banking business models proliferate around the world (a direct response to customers’ demand for seamless interoperability between financial solutions), banks’ connections with third-party FinTech firms have introduced new avenues for fraudsters to infiltrate. In the U.K., billion for small businesses alone.

Faster Payments 41

Faster Payments Fraud Detection On-Demand Payments 41

The Fintech Times

JULY 24, 2024

RTP, on the other hand, is interoperable which allows third-party apps like Zelle to access and build products on. Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management.

FedNow 59

FedNow Instant Payments RTP Federal Reserve 59

PYMNTS

JULY 22, 2016

payments scene, but it clearly has the potential to do a whole lot more than that. VocaLink is all about two things: enabling digital account to account money movement and using its rails to power faster payments initiatives. Most media passed this off as a way for Mastercard to cozy up to the U.K.

PayPal 41

PayPal ACH Payments Visa 41

Fintech News

NOVEMBER 12, 2024

Looking ahead, he highlighted Thailand’s efforts to strengthen cross-border payment connectivity through projects like Nexus and mBridge. The post Thai Governor Highlights Data, Cross-Border Payment Initiatives at SFF 2024 appeared first on Fintech Singapore.

Cross-Border Payments 117

Cross-Border Payments Cross-Border Payment Initiation Cross-Border Settlement 117

PYMNTS

OCTOBER 7, 2019

Innovators in developing economies are using existing rails to ignite digital wallet schemes, including what wallet providers are doing to leverage the card rails to make their own wallets global and interoperable for their users. Alipay leveraged existing bank and card rails to scale. Four: Timing Is Everything.

Regulations 79

Regulations Payment Networks Cross-Border Cryptocurrency 79

M2P Fintech

MARCH 28, 2024

C losed-loop Payment System Closed-loop payment systems are payment networks that operate within their exclusive networks, confining transactions to specific merchants or vendors. Unlike widely accepted open-loop systems like Visa, they offer limited interoperability.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

Fintech Review

MARCH 5, 2025

Banks process payments only during business hours, delaying transactions over weekends and holidays. Cut-off times mean payments initiated late in the day may not be processed until the next business day. Stablecoins and central bank digital currencies (CBDCs) could further streamline payments by removing intermediaries.

Cross-Border Payments 76

Cross-Border Payments Cross-Border Correspondent Bank Correspondent 76