PYMNTS

APRIL 9, 2020

Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. ” Reports noted the importance of SWIFT expanding into the SMB payments arena beyond high-value complex corporate transactions. ”

Payment APIs and Integration 83

Payment APIs and Integration Central Bank SWIFT FinTech 83

PYMNTS

MARCH 9, 2020

Even the most convenient, feature-filled payment rails will fall flat if nobody can be convinced to try them. Such systems can offer everything from swifter settlement times to easy payment status tracking, but such benefits require widespread adoption. Offering new capabilities is one way for a payment rail to stand out.

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. OpenPayd Debuts Real-Time FX.

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

PYMNTS

DECEMBER 13, 2018

“The partnership is Vocalink’s first fully managed service in Latin America, which will ensure that we continue to provide our payments expertise long after we have implemented the new infrastructure,” said Vocalink CEO Paul Stoddart in the release. the release noted, and the real-time mobile transfer systems in Singapore and Thailand.

Payment APIs and Integration 53

Payment APIs and Integration SWIFT Interbank Settlement Faster Payments 53

Faster Payments Council

SEPTEMBER 12, 2022

The issuance and use of a CBDC for cross-border payments could potentially help simplify intermediation chains, increase speed and lower costs. With the number of ongoing global CBDC initiatives and the publication of the new series bulletins the panel will explore the possible impacts of CBDCs on cross-border payments.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . Federal Reserve and TCH, Europe’s Eurosystem and EBA CLEARING and the U.K.’s

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

MAY 5, 2016

When The Clearing House (TCH), the payments firm owned by commercial banks, along with global software and services provider FIS, recently submitted their proposal to the Fed’s Faster Payments Task Force in order to evaluate their real-time payments system proposal, it signified a milestone along the path toward real-time payments.

Faster Payments 41

Faster Payments TCH Real Time Payments Payments 41

PYMNTS

OCTOBER 10, 2016

NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. 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.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

JANUARY 26, 2017

“Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too.

Blockchain 57

Blockchain Cross-Border Payments Cross-Border B2B 57

PYMNTS

MARCH 22, 2018

As the speed of transacting accelerates and the flow of data is enhanced as part of real-time payments, Riddle said this creates new opportunities for financial institutions to offer a more natural and intuitive experience for their customers using voice and visuals. As an example, say a customer has a bill due today.

Credit Union 46

Credit Union Faster Payments Corporate Credit Unions Deposit Account 46

PYMNTS

SEPTEMBER 24, 2019

Below, PYMNTS looks at the latest news in cross-border payments innovation as industry players complete, collaborate and innovate. SWIFT gpi Links Into Real-Time Payments. Payments messaging firm SWIFT announced Monday (Sept. Deutsche Joins JPMC’s Blockchain Initiative.

SWIFT 73

SWIFT Cross-Border Payment APIs and Integration Cross-Border Payments 73

PYMNTS

MAY 29, 2019

Meanwhile, the Reserve Bank of Australia and the Australian Payments Council are considering the migration of payment services to ISO 20022, which could bring them more in line with other countries’ payment messaging strategies. DBS Bank is focusing on helping merchants to get their revenues without a settlement wait.

ISO 20022 55

ISO 20022 Liquidity Management Real Time Payments Cross-Border 55

PYMNTS

AUGUST 8, 2018

Payments messaging service SWIFT has received clearance to provide access to the Eurosystem’s TARGET Instant Payment Settlement (TIPS) payment scheme, the company said Tuesday (Aug. Both schemes facilitate instant domestic payments. In an announcement on its website, SWIFT said that, beginning Nov.

SWIFT 40

SWIFT Instant Payments Real Time Payments Settlement 40

PYMNTS

DECEMBER 17, 2019

And that brings us to the world of global payment rails, the subject of a recent PYMNTS discussion featuring Karen Webster and Steve Kirsch, CEO of M10 , an affiliate company of Token.io M10 focuses on creating a digital money solution to help global banks quickly and affordably handle international transfers, settlements and remittances.

Central Bank 52

Central Bank Global Payments Cross-Border Payment APIs and Integration 52

PYMNTS

MARCH 11, 2020

There’s a battle brewing in payments. It’s the Feds versus the Free Marketeers, and the feud between them is over whose real-time payments (RTP) rails will rule them all. To ensure fast payments are available to everyone, FedNow will be accessible to all banks, no matter the size. Public vs. Private RTP.

Faster Payments 74

Faster Payments Federal Reserve FedNow RTP 74