PYMNTS

OCTOBER 31, 2019

It’s great to get a check, or wire, or ACH, but if you don’t know what it’s to be applied to, you have a huge cash application and reconciliation challenge.”. He did note, however, that he is “very optimistic” about the emergence of new payment services able to move remittance data along with funds.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

OCTOBER 26, 2018

With government and private sector-led initiatives pushing for faster, digital payments across the globe, corporates and financial institutions are still missing a key element of enhanced transactions: data. While Real-Time Payments services ranked second, researchers noted that “RTP and data availability goes hand in hand.”

Remittance Data 60

Remittance Data ACH Request for Information RTP 60

PYMNTS

NOVEMBER 27, 2019

Equally important to the ISO journey is the data richness it carries, versus some of the underlying legacy systems that are not as robust with information.”. That standardization supports recipients’ reconciliation hurdles, he added, meaning corporates can more quickly turn an incoming credit into applicable, working capital.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

NOVEMBER 19, 2020

While Track supports a range of payment rails, Transcard highlighted its support of the RTP network as a key value proposition within the context of B2B eCommerce. When a telco customer is using roaming data and services while traveling abroad, their telco provider must pay the international provider that facilitates that roaming service.

B2B 104

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104