Finextra

JUNE 27, 2025

Soon, ISO 20022, a messaging standard designed to improve how payments are processed and communicated, will become the global norm. ISO 20022 was introduced in 2004 and has since been part of a long and complex journey to improve international payment messaging. And unfortunately, more work is ahead for everyone.

Addressing

PYMNTS

OCTOBER 28, 2019

Cross-border payments firm Western Union has rolled out full application programming interface (API) access to domestic and global payment applications, the company said in a press release on Monday (Oct. APIs also utilize the latest level of regulated European internet security: strong customer authentication (SCA).

International Payments

PYMNTS

JULY 16, 2018

Citi announced Monday (July 16) the launch of Citi Payment Insights, a new service that gives institutional clients access to real-time payment information and the ability to action payments on demand via the CitiDirect BE electronic banking platform.

Correspondent Bank

PYMNTS

DECEMBER 17, 2019

Payment rails are getting more attention these days, and there is an increasing focus on offering a standardized, relatively seamless experience that can be locked and loaded by various operators with minimal hassle. Open Banking. We offer a single API across all banks,” Kirsch told Webster.

Central Bank

PYMNTS

SEPTEMBER 6, 2018

However, blockchain is also gaining ground, and currency is offering a boost to the payments infrastructure. To that end, IBM said it launched its Blockchain World Wire , billed as a cross-border payment system that is powered by the Stellar blockchain network. The process integrates the World Wire API into banks’ payment systems.

SWIFT

CB Insights

FEBRUARY 8, 2018

Banks help intermediate payments, make loans, and provide credit. Read on for a deep dive into how the blockchain could turn the traditional banking industry on its head while enabling new business models through technology. Facilitating payments is highly profitable for banks, providing them with little incentive to lower fees.

Blockchain