PYMNTS

AUGUST 28, 2019

While financial institutions upgraded their technology to handle electronic batch payments, it was corporates’ systems that prevented quicker adoption. The process added friction not only to payment processes, said Cooley, but also in terms of reconciliation and the ability to access payment data.

ISO 20022 52

ISO 20022 Real Time Payments B2B ISOs 52

PYMNTS

NOVEMBER 18, 2020

The ability to move money quickly — and to have both the payer and payee know exactly when that transaction occurred — can be an important value-add for businesses that need to get vendors paid quickly to minimize the risk of any supply chain disruption.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

SEPTEMBER 10, 2019

Solutions like Visa B2B Connect are able to address both the need for ease-of-use and access to data through measures like adoption of the ISO 20022 messaging standard, which enables seamless exchange of payment data. B2B vendors often carry the burden of B2B payments friction. Speed Takes Center Stage.

B2B 59

B2B Cross-Border Payments ISO 20022 59

PYMNTS

MARCH 1, 2019

With traditional payment methods, there are waits between when transactions are authorized and when funds are finally disbursed. According to a report , real-time payments schemes that use global messaging standards could incur new risks. These messaging standards attach more data to the transactions.

Faster Payments 53

Faster Payments Real Time Payments Security Message Standards 53