Remove Interoperability Remove Payment Initiation Remove Remittance Data
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The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

The solutions that faster payments technology have brought to corporates’ global operations cannot be downplayed, but major hurdles continue to challenge real-time payments’ ability to achieve ubiquity. A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin.

ISO 20022 117
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The Canadian Case For ISO 20022

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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.