PYMNTS

NOVEMBER 10, 2020

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.

Real Time Payments 117

Real Time Payments B2B Value Added Service ISO 20022 117

PYMNTS

AUGUST 12, 2020

Visa has become a part of the ranks of companies experimenting with Phixius, a technology that assists credentialed service providers in exchanging and supervising digital payments data, NACHA said in a Wednesday (Aug. The technology was to use the blockchain as well as Afinis interoperable and standardized APIs in addition to ISO 20022.

Phixius 79

Phixius ISO 20022 Payments Data NACHA 79

PYMNTS

DECEMBER 20, 2018

The ISO 20022 payments messaging format can be an instrumental component to global payments standardization, particularly as industry heavyweights like SWIFT promote its adoption. Third, we expect to see more intelligence analytics and value-added services beyond the payment itself.”.

ISO 20022 57

ISO 20022 Value Added Service ISOs API 57

PYMNTS

NOVEMBER 18, 2020

As she told Webster: “When you start to think about corporates and middle-market companies, that's when you start to understand that infrastructure, the straight-through processing, the managed-service wrapper that a bank can bring is where the real efficiency and value are seen.”.

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98

PYMNTS

OCTOBER 12, 2020

He said there are going to be some institutions that will want to connect with both instant payment services — FedNow and The Clearing House (TCH)’s real-time payments ( RTP ) network — in a desire to ensure resiliency and redundancy to support outages in one system to the other, if they were to occur.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

OCTOBER 18, 2017

Temenos recently released research with Ovum, the “ 2017 Transaction Banking Survey: Challenges & Imperatives of Real-Time Payment and Liquidity ,” that found 80 percent of corporate treasurers are exploring their options and considering switching banking providers if it means they’ll gain access to better, value-added services.

ISO 20022 49

ISO 20022 Risk Management Real Time Payments On-Demand 49

PYMNTS

NOVEMBER 18, 2019

Ramsey said that in the B2B space, corporations are interested in real-time payments because there is value in paying their bills a bit later (just like consumers would) while being able to receive funds instantly — which of course improves cash-flow management.

Real Time Payments 49

Real Time Payments Consumer ISO 20022 Online and Mobile Banking 49

PYMNTS

APRIL 14, 2017

Ubiquity and scale and standards, such as ISO 20022, are necessary to move money. For Mastercard, “we apply value-added services in milliseconds,” with innovation brought at the application level. Even in embracing digital, he said, “you keep the core constant and then you put layers on top.”

ACH Network 42

ACH Network ACH Payments ISO 20022 42

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. Third, we expect to see more intelligence analytics and value-added services beyond the payment itself.”.

ISO 20022 77

ISO 20022 ISOs B2B Message Standards 77