Remove ISO 20022 Remove Payment Message Remove Value Added Service
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Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments

PYMNTS

According to Domenico Scaffidi , head of market infrastructures at Volante , there is a bit of a conundrum: While the most obvious value proposition of real-time payments is speed, corporate customers require value-added services alongside real-time payments on the basis that moving money in real time is not enough.

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Nordea Launches Open Banking Tool For Corporate Clients

PYMNTS

The current market, the company’s report said, involves banks using proprietary payment formats, creating a “potential deadlock: Do banks risk losing business by insisting on using their own formats?” Second, there is likely to be more choice, and therefore more complexity, in payment partners, including both banks and third parties.

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Time For B2B Payments To Get Standardized, Says Nordea

PYMNTS

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. On the payment collection side, corporates are demanding streamlined solutions, too.