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Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

Ricky Lim Ricky is the former CEO of Banking Computer Services (BCS), the national ACH for Singapore that is part of the NETS Group. During his time at BCS and NETS, he led the development of FAST and PayNow, and also spearheaded cross-border QR and instant payment linkages to key corridors including China, Malaysia, Thailand, and India.

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Same Day ACH: Impacts At The Intersections

PYMNTS

23, the industry welcomed the rollout of ubiquitous faster payments to every consumer and business in the U.S. NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. via all banks and credit unions. The Road To Process Improvement. Innovation On Old Initiatives.

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FinTechs Take On Payment Rail Status Quo

PYMNTS

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. .” Sila Raises Funding to Nix ACH.

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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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Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

PYMNTS

With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear. “We see faster payments coming into the U.S. As Rimilia expands into the U.S.,

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Volante: Banks Must Look Beyond Speed With Real-Time B2B Payments

PYMNTS

Banks must understand that shift in order to uncover the most valuable B2B use cases, he said – and that means not only embracing new payments technology, but also adopting new business models that can address the shifting needs of corporates. A Payments Culture Shift.

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Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

Electronic bank transfers (16 percent) and regular ACH (11 percent) are also popular. Most of these commonly used methods don’t meet many of the criteria set forth in the Simplifying Cross-Border Payments Playbook. Transparency is lacking in wire transfers and speed isn’t a primary feature of international ACHs.