Remove Message Standards Remove Real Time Payments Remove XML
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Mastercard Adds To Its New Payment Platforms Dev Team

PYMNTS

In a collaboration with regional Mastercard teams, she will handle the strategic development of real-time payments programs around the world. David Yates, the president of new payments platforms for Mastercard, said he’s very excited about the hire. She also worked at Vocalink, which is now part of Mastercard.

Visa 63
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Time For B2B Payments To Get Standardized, Says Nordea

PYMNTS

But, according to Nordea, obstacles remain for ISO 20022 to take off as a payments messaging standard and provide corporates the efficiency they need. Further, not all internal banking and corporate systems can support the XML format that has gained traction in promoting ISO 20022 standardization.

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Clearing Up The Case For ISO 20022

PYMNTS

This “standard for standards” is designed to set the tone for a global financial industry message scheme, but unfortunately it is often misunderstood. The standard isn’t related to any one organization or segment, it was created by the International Organization for Standardization for many global transactions.