Payments Source

APRIL 24, 2019

Javier Pérez-Tasso has been named the new CEO of payments messaging standards provider Swift, replacing Gottfried Leibbrandt, who steps down from the post at the end of June.

SWIFT 115

SWIFT Message Standards Payment Message Posting 115

Fintech Finance

JULY 11, 2024

Finastra , a global provider of financial software applications and marketplaces, today announced the completion of a Swiss Interbank Clearing (SIC) instant payments readiness project. Using Finastra’s cloud-based Service Bureau offering, Swiss banks can seamlessly transition to facilitating instant interbank payments.

Instant Payments 115

Instant Payments Facilitators ISO 20022 Message Standards 115

Payments Source

FEBRUARY 10, 2021

Countries around the world are adopting a messaging standard that allows more information to be sent with a payment, but it has been slow to gain traction in the U.S.

Message Standards 88

Message Standards Payments Data Payments Compliance 88

PYMNTS

NOVEMBER 12, 2018

continues its move to adopt the ISO 20022 payments messaging standard, the Bank of England is reportedly planning to create a panel aimed at streamlining the adoption of the standard for more efficient payments in the country. payment ecosystem, including APIs for the financial services space. As the U.K.

Payment Message 77

Payment Message ISO 20022 Message Standards ISOs 77

PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business. Progress in Tackling Cross-Border Payments Friction.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

JANUARY 26, 2021

Citi is accelerating its migration to the ISO 20022 payments messaging standard and has tapped a third-party FinTech to aid in the process. Citi is using Volante’s VolPay for ISO 20022 Migration technology to build out its core ISO 20022 capability, which will allow the bank to send and receive messages that use the standard.

ISO 20022 142

ISO 20022 ISOs Payment APIs and Integration Message Standards 142

Finextra

OCTOBER 18, 2024

Earlier this week, the Bank of Kenya announced the successful migration of the Kenya Electronic Payment and Settlement System (KEPSS) to the ISO20022 Global Messaging Standard.

Message Standards 69

Message Standards Settlement Payments 69

Fintech Finance

OCTOBER 22, 2024

Temenos today launched a SaaS enterprise service for cross border payments, empowering Payment Service Providers (PSPs), including banks, electronic money institutions (EMIs) and fintechs, to swiftly launch and lower the cost of cross border payment services. The service is ISO20022 ready and supports SWIFT-based flows.

Cross-Border Payments 98

Cross-Border Payments Cross-Border SWIFT Message Standards 98

The Paypers

MARCH 20, 2023

Australian Payments Network (AusPayNet) has successfully adopted the ISO 20022 message standard.

ISO 20022 87

ISO 20022 ISOs Message Standards Payment Networks 87

Fintech News

OCTOBER 15, 2024

With the rapid evolution of payment methods and regulations, banks must stay ahead of the curve or risk being left out of the game. The Drivers of Change Source: Adobe Stock ISO 20022 has become the global standard for payments messaging, with two-thirds of real-time payment systems around the world already using it, according to Mastercard.

ISO 20022 111

ISO 20022 ISOs Payments Federal Reserve 111

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. ISO 20022 will modernize international and domestic payment rails, enabling right and new payment services.”

ISO 20022 76

ISO 20022 ISOs SWIFT Cross-Border 76

Fintech News

JUNE 12, 2024

Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-border payment systems. The G20 Roadmap for Enhancing Cross-border Payments of the Financial Stability Board (FSB) also lists them as a key priority for enhancing such payments.

Cross-Border Payments 119

Cross-Border Payments Cross-Border Interoperability Payments 119

Fintech Finance

SEPTEMBER 18, 2024

These reports serve as critical resources for financial institutions seeking to implement ISO 20022, a global standard that is reshaping the landscape of financial messaging. “By embracing this standard, we’re laying the groundwork for a more efficient and interconnected global payments system.”

ISO 20022 96

ISO 20022 ISOs Faster Payments FPC 96

Fintech Finance

SEPTEMBER 10, 2024

New research from RedCompass Labs , a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility.

Instant Payments 111

Instant Payments AI ISO 20022 Payments 111

Fintech Finance

APRIL 12, 2024

Finzly , the pioneering provider of modern money movement systems to financial institutions, has announced its achievement as one of the first Third-PartyService Providers (TPSP) to be certified for compliance to ISO 20022 messaging standards for Fedwire.

ISO 20022 78

ISO 20022 FedWire ISOs Fed 78

PYMNTS

NOVEMBER 10, 2020

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. A Payments Culture Shift. It’s the culture that is changing.”.

Real Time Payments 117

Real Time Payments B2B Value Added Service ISO 20022 117

Payments Source

MARCH 12, 2019

Ideally, Swift would like to see its worldwide bank network fully adopt its Global Payments Innovation initiative as well as the ISO 20022 messaging standard for cross-border payments.

ISO 20022 79

ISO 20022 SWIFT Cross-Border Payments Cross-Border 79

Finextra

MAY 7, 2024

Stronghold, a leader in innovative digital payment solutions, today announced its acquisition of 20022 Labs, a pioneer in advancing the ISO 20022 financial messaging standard.

ISO 20022 69

ISO 20022 Message Standards ISOs Acquirers 69

Fintech Finance

JULY 8, 2024

Icon Solutions today announces it has strengthened and expanded its strategic partnership with NatWest with the appointment of Ian Povey, CIO Payments Technology, and Lee McNabb, Head of Payments Strategy and Partnerships, as Board Observers. He is now responsible for the definition and articulation of NatWest’s payments strategy.

ISO 20022 97

ISO 20022 Message Standards Payments Strategy ISOs 97

PYMNTS

MARCH 21, 2017

A new report from financial services company Nordea says corporates are waiting for their banks and other FinServ providers to standardize payment processes. The majority of companies surveyed by Nordea for its Future of Payments report said they are working with at least five banks for their payments and collection needs.

ISO 20022 77

ISO 20022 ISOs B2B Message Standards 77

The Fintech Times

JULY 15, 2024

Finastra has successfully completed a project to prepare Swiss banks for instant interbank payments using its cloud-based Service Bureau, enabling efficient transitions and compliance with upcoming regulatory requirements.

Instant Payments 72

Instant Payments ISO 20022 Fraud Prevention Message Standards 72

PYMNTS

AUGUST 16, 2019

Cross-border payments are expected to surge over the next few years as the economy becomes increasingly global and interconnected. The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. A Call for Transparency.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

Payments Source

JUNE 3, 2019

Payments messaging standards provider Swift has received a license to offer connections to all of the Eurosystem market infrastructures for payments, securities settlement and collateral management.

SWIFT 69

SWIFT Message Standards Gateways Payment Message 69

The Fintech Times

JULY 20, 2024

As global outages hit banking firms and payments worldwide, are we to be forever doomed by glitches, power outages and cyberattacks? On average, CHAPS enables around 200,000 payments per day. According to the Bank of England , the average daily value of CHAPS payments in February 2021 was £345billion.

Payments 122

Payments Mitigation Regulations ISO 20022 122

Payments Source

DECEMBER 16, 2019

Payments messaging standards provider Swift has opened its global Know Your Customer registry to all the corporations it connects to following a successful test.

SWIFT 69

SWIFT Message Standards Payment Message Payments 69

PYMNTS

NOVEMBER 2, 2020

There’s a time and a place for all rails, and in an age where faster payment schemes are multiplying across the globe, it may seem that the payments ecosystem is simply on a never-ending treadmill of adding rails and never taking them away. Buyers and suppliers don’t really care about the network, but they want to have the payment.

B2B 119

B2B Cross-Border Digital Currency Multi-Currency 119

PYMNTS

JANUARY 7, 2021

There are a lot of moving parts in B2B payments that are keeping corporate finance executives busy as they work to modernize and optimize their operations. In 2020, many of the biggest pain points in B2B payments were revealed, particularly when transactions move across border. Marrying Payments With Data. Emerging Ecosystems.

Cross-Border 97

Cross-Border B2B Payment APIs and Integration ISO 20022 97

Fintech Finance

MAY 13, 2024

The certification, which enables and supports compliance to ISO 20022 messaging standards for Fedwire, applies to four of Finastra’s payment processing solutions, facilitating increased innovation for financial institutions across the United States.

ISO 20022 52

ISO 20022 ISOs FedWire Fed 52

PYMNTS

JANUARY 17, 2017

s Faster Payments scheme is a critical component of the nation’s push towards real-time payments. The scheme offers real-time credits for payments made online, via mobile device and over the phone, when payments are valued at about $300,000 or less — making it a main player in P2P and SME payments.

Faster Payments 43

Faster Payments ISO 8583 ISO 20022 Message Standards 43

Payments Source

APRIL 4, 2019

Payments messaging standards provider Swift has established a new group to help it promote and assure smooth migration of the cross-border ISO 20022 standard.

ISO 20022 62

ISO 20022 ISOs SWIFT Cross-Border 62

Payments Source

NOVEMBER 6, 2019

Swift and EBA Clearing have started developing the process by which Europe's large-value payment system will migrate to use of the ISO 20022 messaging standard.

ISO 20022 62

ISO 20022 ISOs SWIFT Message Standards 62

PYMNTS

MARCH 17, 2020

To that end, Vincent Caldeira, chief technologist for FSI in APAC for Red Hat told PYMNTS, FIs — especially incumbent FIs — are facing rapid changes in payments that demand they modernize payments processing, embedding new functionality along the way. The Need For Standardization In Cross-Border Payment Processing.

Cross-Border 91

Cross-Border Innovation Payment APIs and Integration Cross-Border Payments 91

Finextra

MARCH 5, 2024

Watch this webinar on payment system interoperability; legal, regulatory and supervisory frameworks; and cross border data exchange and message standards.

Cross-Border 52

Cross-Border Cross-Border Payments Message Standards Interoperability 52

PYMNTS

NOVEMBER 18, 2020

The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. economy is proving to be a tailwind for faster payments and processes. That said, the U.S. The Three Is .

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98

PYMNTS

FEBRUARY 21, 2019

This week, the EU Parliament voted for new rules mandating that banks cut fees on cross-border euro payments for countries within and outside the Eurozone. Faster Payments In Asia. In Canada, Payments Canada said on Wednesday (Feb. Aniruddha Sane, chief business officer of TerraPay, stated, “TerraPay enables more than 1.5

Cross-Border 76

Cross-Border Cross-Border Payments Real Time Gross Settlement (RTGS) Rules 76

PYMNTS

MAY 1, 2019

Payments processing and financial message integration company Volante Technologies is expanding its Payments-as-a-Service offering for financial institutions in the U.S. and cross-border payments. and cross-border payments. financial institutions.

ISO 20022 66

ISO 20022 Same Day ACH Cross-Border Payments Payment APIs and Integration 66

PYMNTS

DECEMBER 21, 2018

21) that it has appointed Liz Oakes as the new executive vice president of market development for its new payment platforms team. In a collaboration with regional Mastercard teams, she will handle the strategic development of real-time payments programs around the world. Mastercard announced on Friday (Dec.

Visa 63

Visa ISO 20022 Real Time Payments XML 63