PYMNTS

APRIL 6, 2016

Payments messaging firm SWIFT is looking to gain support for its global payments initiative and, most recently, announced the latest backers of the pilot program. The company said it will hope to improve the transparency and speed of global payments with the program.

Cross-Border Payments 41

Cross-Border Payments Cross-Border B2B SWIFT 41

PYMNTS

JUNE 20, 2016

The Federal Reserve is pushing for adoption of the ISO 20022 global payments messaging standard, a move industry analysts say could streamline B2B payments, especially cross-border. Banks could do all sorts of transactions for you, but they charge you for that and rightly so.”

ISO 20022 40

ISO 20022 ISOs Fed AFP 40

PYMNTS

MARCH 28, 2016

China has received some criticism and skepticism over its cross-border payments initiative, spearheaded as CIPS — the Cross-Border Inter-Bank Payments System. Analysts point out that the payments system operates just 11 hours a day and only out of Shanghai. and fees associated with payments using CIPS are unclear.

SWIFT 40

SWIFT Cross-Border Cross-Border Payments Payments 40

PYMNTS

FEBRUARY 19, 2019

the company will be taking lessons it’s learned from Europe’s own dealings with late supplier payments and the introduction of faster payment capabilities in the market. “We see faster payments coming into the U.S. As Rimilia expands into the U.S., “It actually caused problems before it solved them.

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75

PYMNTS

OCTOBER 10, 2016

Though the set of global business standards have been around for some time, ISO 20022 still has the ability to enhance how payment messages are sent and received. Throckmorton explained that ISO 20022 is not new to NACHA; there’s been an increased interest from businesses to have this flexible option of using ISO formatted messages.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

MAY 3, 2016

“This is perhaps unsurprising,” ACI stated of this conclusion, “given their urgent need to modernize aging legacy systems to operate in an increasingly mobile and real-time payments environment.”. Real-Time Payments A Bust?

ISO 20022 40

ISO 20022 Real Time Payments Payments Non-Bank 40

PYMNTS

JUNE 16, 2016

Cyberattackers were able to steal $81 million from the Bangladesh central bank by compromising the SWIFT messaging system , forcing the company — and financial services players everywhere — to take a renewed look at payments security measures.

Security 43

Security SWIFT B2B Faster Payments 43

PYMNTS

MAY 4, 2016

There are a lot of non-payment messaging capabilities that we think will provide tremendous opportunity for innovation.”. And the “delivering value” piece is not to be underestimated in the pursuit of ubiquity.

Faster Payments 40

Faster Payments Same Day ACH NACHA ACH 40

PYMNTS

MAY 5, 2016

There are a lot of non-payment messaging capabilities that we think will provide tremendous opportunity for innovation.”. And the “delivering value” piece is not to be underestimated in the pursuit of ubiquity.

Faster Payments 41

Faster Payments TCH Real Time Payments Payments 41

PYMNTS

AUGUST 21, 2020

For the financial services world to address businesses’ global payments needs, Conibear said they must take a holistic approach that goes beyond facilitating cross-border payments or improving upon legacy payment rails. Beyond Payments Initiation. Open banking and PSD2 initiatives in the U.K.

Multi-Currency 69

Multi-Currency Cross-Border Payments Cross-Border Finance 69

PYMNTS

MARCH 21, 2017

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. But, according to Nordea, obstacles remain for ISO 20022 to take off as a payments messaging standard and provide corporates the efficiency they need.

ISO 20022 77

ISO 20022 ISOs B2B Message Standards 77

PYMNTS

MARCH 16, 2016

When analysts from SWIFT and its ISO 20022 Registration Authority took a look at the various efforts behind adoption of the global messaging standard in 2014, a report found that while implementation projects were on their way across Europe, Russia and Africa, among the laggards were the U.S. in its faster payments initiatives.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40