PYMNTS

FEBRUARY 26, 2020

Cross-border payments are a fragmented space with disparate standards, service levels, and compliance and reporting regulations varying from country to country. With a common language, payments increasingly have more reach, are processed faster with fewer manual interventions, and are more meaningful with richer remittance data.

ISO 20022 104

ISO 20022 ISOs SWIFT Cross-Border Payments 104

PYMNTS

NOVEMBER 27, 2019

Further, one of the largest benefits to corporates of faster and real-time payments services is less about the speed and more about the data these networks are able to carry along with a transaction. ISO 20022’s path to ubiquity could serve as a model for faster payments technologies’ own adoption journeys.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

JULY 1, 2019

The rise of the global economy and the demand for swift and secure cross-border payments is driving the development of more efficient infrastructures, and spurring financial institutions (FIs) to experiment with emerging tech. The new remittance scheme will be powered by Ripple’s xRapid and xCurrent services.

Cross-Border Payments 84

Cross-Border Payments Cross-Border Blockchain SWIFT 84

PYMNTS

FEBRUARY 19, 2019

.” Large enterprises are locked into their payment habits and complex, legacy ERP systems, so initiating any change in technology or behavior is no easy feat. Yet, another key factor behind faster payments’ inability to accelerate supplier payments, both across Europe and in the U.S., and Europe have imposed.

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75

PYMNTS

AUGUST 15, 2019

Deep Data For Swift, Secure Payments . ISO 20022 introduced a range of data fields that allow transactional details to be remitted along with payments. NACHA also offers a tool to help firms send ISO 20022-approved remittances data for B2B payments. .

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

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. “It

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40