ISO 20022, Payment Initiation and Real Time Payments

ISO 20022

Payment Initiation

Real Time Payments

Real-Time Payments Go Beyond The Need For Speed

PYMNTS

NOVEMBER 18, 2020

Banks have been playing catch-up with FinTechs in the bid to bring speed to their processes, especially when it comes to B2B payments. The conversation came across a backdrop of more than 50 real-time payment systems currently live around the world, although largely domestic and regional in nature. That said, the U.S.

Real Time Payments

Real Time Payments ISO 20022 Reconciliation Payments

The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same.

ISO 20022

ISO 20022 Cross-Border Payments ISOs Cross-Border

Nium Enables Financial Institutions to Connect to Its Real-Time Payments Network via Swift

Fintech Finance

OCTOBER 21, 2024

Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network.

Real Time Payments

Real Time Payments SWIFT Payment Networks Cross-Border Payments

Webinars

From Start to Scale: Driving Growth Through Seamless Payments Implementation

The Evolving Retailer's Fulfillment Strategy: Meeting Demands with Agility

MORE WEBINARS

AFFIN BANK Partners With ACI Worldwide to Modernise Payments for Malaysian Businesses

Fintech Finance

JULY 10, 2024

AFFIN Group (“AFFIN” or “the Group”) today announced a partnership with ACI Worldwide , a global leader in mission-critical, real-time payments software, to modernise the Bank’s real-time payment capabilities. It will enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards.

ISO 20022

ISO 20022 Real Time Payments ISOs Payments

Dion Offers EU-Compliant Real-Time Payment Tech

PYMNTS

OCTOBER 13, 2016

Dion Global Solutions announced this week the release of Real Time Payment Engine (RTPE), a tool to support real-time payments while remaining compliant with European regulations. The company cited the European Payment Services Directive, ready to take effect in 2018.

Real Time Payments

Real Time Payments ISO 20022 Cross-Border Cross-Border Payments

Time For B2B Payments To Get Standardized, Says Nordea

PYMNTS

MARCH 21, 2017

Enter: ISO 20022. For a few years the corporate banking space has been discussing the potential for ISO 20022 to streamline payments, with industry forces like SWIFT and SEPA promoting its adoption. “Or do corporates limit their choice of bank by insisting on their preferred format?”.

ISO 20022

ISO 20022 ISOs B2B Message Standards

Same Day ACH: Impacts At The Intersections

PYMNTS

OCTOBER 10, 2016

In the previous episode of NACHA’s Countdown to Same Day ACH podcast series, NACHA President and CEO Jan Estep identified the overlaps, complements and implications of all the initiatives under the faster payments umbrella — namely, real-time payments, Same Day ACH and blockchain. Innovation On Old Initiatives.

Same Day ACH

Same Day ACH ACH ISO 20022 NACHA

Past Lessons May Prove Invaluable For US Real-Time Payments Rollout

PYMNTS

MAY 8, 2017

Real-time payments initiatives are under way all across the globe, but there is little consistency across jurisdictions regarding how the financial services sector takes on the initiative or where each market is at in terms of progress in achieving real-time payments capabilities. In the U.S.,

Real Time Payments

Real Time Payments ISO 20022 TCH ACH

Italy Makes Its Move In Real-Time Payments

PYMNTS

APRIL 19, 2017

Intesa Sanpaolo announced Tuesday (April 18) that it has successfully completed its first testing activities with EBA Clearing, using technology by Dovetail for pan-European real-time payments. Reports in January first surfaced that EBA Clearing was testing its own real-time payments solution compliant with EU payment standards.

Real Time Payments

Real Time Payments ISO 20022 Cross-Border Payments Cross-Border

Can On-Demand Pay Stop QSRs’ Employee Churn?

PYMNTS

AUGUST 13, 2019

Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. The much-awaited decision dismayed large banks that regard a government-run system as unnecessary competition with their own real-time rail, The Clearing House’s Real Time Payments (RTP).

On-Demand

On-Demand ISO 20022 Federal Reserve Faster Payments

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

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. Interoperability, he added, will be fostered through the use of ISO 20022, for standardized messaging. Interoperability is a core component” of FedNow, said Montgomery.

Instant Payments

Instant Payments FedNow Fed Interoperability

Why Faster Payments Need Flexible Technologies

PYMNTS

FEBRUARY 7, 2017

You can test all you want, but for payments innovators, the true test only comes when a solution is released out into the real world. s Faster Payments initiative, there have already been some changes made to the service that looks to support real-time transacting. For the U.K.’s is all about flexibility.

Faster Payments

Faster Payments Technology Real Time Payments ISO 20022

Sizing Up Banks’ Payment Investment Plans

PYMNTS

MAY 3, 2016

“This is perhaps unsurprising,” ACI stated of this conclusion, “given their urgent need to modernize aging legacy systems to operate in an increasingly mobile and real-time payments environment.”. Real-Time Payments A Bust?

ISO 20022

ISO 20022 Real Time Payments Payments Non-Bank

Fed Looks To Keep Momentum Going On Payments Improvements

PYMNTS

SEPTEMBER 7, 2017

To move forward, the Fed said it will support a working group and other collaborative efforts to continue developing a faster payments ecosystem for the nation, and work with industry stakeholders to address gaps and requirements for real-time payments settlement.

Fed

Fed Federal Reserve Cross-Border Payments Cross-Border

Payments Space

Real-Time Payments Go Beyond The Need For Speed

The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

Nium Enables Financial Institutions to Connect to Its Real-Time Payments Network via Swift

Webinars

AFFIN BANK Partners With ACI Worldwide to Modernise Payments for Malaysian Businesses

Dion Offers EU-Compliant Real-Time Payment Tech

Time For B2B Payments To Get Standardized, Says Nordea

Same Day ACH: Impacts At The Intersections

Past Lessons May Prove Invaluable For US Real-Time Payments Rollout

Italy Makes Its Move In Real-Time Payments

Can On-Demand Pay Stop QSRs’ Employee Churn?

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

Why Faster Payments Need Flexible Technologies

Sizing Up Banks’ Payment Investment Plans

Fed Looks To Keep Momentum Going On Payments Improvements

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