Remove ACH Remove Cross-Border Payments Remove Message Standards
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Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. How Cross-Border Payments Are Made. So, what’s the problem? What’s Changing?

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Volante Enhances Corporate Payments-As-A-Service For FIs

PYMNTS

and cross-border payments. Volante explained that VolPay-as-a-Service supports management of a range of corporate enterprise resource planning and acknowledgement formats to streamline corporate customer on-boarding for financial institutions, automating the process of connecting businesses to payment service providers via API.

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Deep Dive: Making Instant Payment Schemes Universal And Interoperable

PYMNTS

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. A London-based manufacturer can’t rely on the U.K.’s

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Blockchain Makes Headway Over Legacy X-Border Rails

PYMNTS

While bank transfers may digitize a B2B transaction between a cannabis company and its vendors, there are opportunities to add value onto payment rails like ACH. The ISO 20022 payments messaging standard is a key focus for payments innovators looking to improve upon legacy payment rails.

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Shedding Light On FX And Supply Chain Risks Amid Cross-Border Payments

PYMNTS

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way. This embrace comes as corporates are just starting to work with faster payments.

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Visa’s Phalen: Better Collaboration Will Push B2B Payments Into The Digital Age

PYMNTS

Interoperability will get a boost with messaging standards such as ISO 20022. Corporates — who really may not be concerned with the rails and mechanics that underpin transactions — will be able to make and receive payments in the manner they want, intuitively and with flexibility.

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Fedwire’s ISO 20022 Migration Delayed By Federal Reserve Bank 

PYMNTS

The Payments Market Practice Group asked the Federal Reserve to reassess its approach to the project, which involves a three-phased migration to the ISO 20022 messaging standard for the Fedwire Funds Service. This is the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972.