PYMNTS

DECEMBER 4, 2018

The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. The service, as has been reported, lets customers make instant payments from inside the Single Euro Payments Area (also known as SEPA ).

Instant Payments 50

Instant Payments ISO 20022 SWIFT ISOs 50

The Fintech Times

MAY 9, 2024

Support for broader adoption follows strong international advocacy for the use of the LEI in ISO 20022 payment messages to facilitate key cross-border payment use cases and to fight global financial crime.

ISO 20022 69

ISO 20022 Cross-Border Payments Cross-Border Financial Crimes 69

PYMNTS

FEBRUARY 13, 2018

Last year, Oracle launched a new API (application program interface) tool , its Oracle Banking Payments API service, for financial institutions (FIs). The solution enables banks and other FIs to leverage the ISO 20022 payments messaging standard and enhance straight-through processing and real-time settlement.

ISO 20022 54

ISO 20022 Message Standards ISOs Payment Message 54

PYMNTS

MARCH 9, 2020

Even the most convenient, feature-filled payment rails will fall flat if nobody can be convinced to try them. Such systems can offer everything from swifter settlement times to easy payment status tracking, but such benefits require widespread adoption. Proving Value.

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

PYMNTS

JULY 3, 2018

Checks will continue to be processed through the paper clearing system as well as the Image Clearing System, recently launched to support digital images of checks used for clearing and settlement. “This is our opportunity to create the future of retail payments in the U.K., economy. .’s

Continuity 40

Continuity ISO 20022 Message Standards Faster Payments 40

PYMNTS

MAY 29, 2019

Recently, several FIs went to work to link businesses with the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme for faster international payments in Europe. DBS Bank is focusing on helping merchants to get their revenues without a settlement wait.

ISO 20022 55

ISO 20022 Liquidity Management Real Time Payments Cross-Border 55

PYMNTS

JUNE 13, 2018

The initiative, Payments Canada’s Executive Director, Modernization and CIO Jan Pilbauer said at the time, is “multifaceted, requiring a high level of engagement from players across the industry.”

Electronic Funds Transfer (EFT) 43

Electronic Funds Transfer (EFT) B2B Blockchain ISO 20022 43

PYMNTS

NOVEMBER 3, 2020

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. Smaller FIs Drive Real-Time Demand.

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

The Fintech Times

FEBRUARY 21, 2024

. “Swift’s own strategy for instant and frictionless transactions is closely aligned with the G20 targets, and 89 per cent of transactions on our network now reach the recipient bank within an hour – ahead of the G20’s 2027 goal of settlement within an hour for 75 per cent of international payments.

Cross-Border Payments 78

Cross-Border Payments Cross-Border ISO 20022 SWIFT 78

PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . Deep Data For Swift, Secure Payments . High-value payment systems operated by the U.S.

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

Fintech Finance

APRIL 17, 2024

The Real-Time Rail is a complex, large-scale, multi-year infrastructure program that includes two key technical components: the build of the Real-Time Rail exchange component provided by Interac, which was completed in June 2023 and will allow for the exchange of payment messages in real-time.

ISO 20022 52

ISO 20022 Real Time Payments Participant Payment Message 52

PYMNTS

MARCH 11, 2020

To ensure fast payments are available to everyone, FedNow will be accessible to all banks, no matter the size. Federal Reserve is hardly alone in envisioning a national fast payments/rapid settlements system. Public vs. Private RTP. was sold as “the information superhighway.”.

Faster Payments 74

Faster Payments Federal Reserve FedNow RTP 74