Remove Addressing Remove Message Standards Remove Treasury Management
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ISO20022: The big shift to structured addresses

Finextra

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. Free-text fields in MT messages have no predefined structure.

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RT2: A strategic transformation for UK payment providers

The Payments Association

It addresses growing needs for resilience, speed, and innovation across the payments landscape. Wider interoperability ISO 20022 interoperability RT2 implements ISO 20022 as its native messaging standard, unlocking enhanced interoperability and richer data capabilities across both domestic and international payment flows.

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SWIFT Ties gpi To eCommerce And DLT

PYMNTS

Beyond that, this proof-of-concept effort, SWIFT said, “addresses the need for DLT-based commerce to be supported by global, fast, secure and transparent settlement using fiat currencies by enabling ‘off-ledger’ payment settlement based on gpi.”.

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SWIFT Ties gpi to eCommerce and DLT

PYMNTS

Beyond that, this proof-of-concept effort, SWIFT said, “addresses the need for DLT-based commerce to be supported by global, fast, secure and transparent settlement using fiat currencies by enabling ‘off-ledger’ payment settlement based on gpi.”.

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Mastercard: Transactis Buy Speeds Bill Pay’s Digitization

PYMNTS

Transactis, she said, will allow Mastercard to address bill payment needs in online bank applications and across biller websites, with enhanced payment options and user interfaces — eyeing real-time transactions marked by a richer level of detail.

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For Treasurers, Innovations That Reduce Risk Are A Welcome Disruption

PYMNTS

Corporate finance executives and financial service providers quickly acknowledged a dramatic change in the treasury department: Over the last decade, the corporate treasurer has become a strategic component of the enterprise, driving growth in a challenging, constantly changing market.

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What Keeps Corporate Cash Managers Awake At Night

PYMNTS

Managing cash positions has become an exercise in thinking big, thinking long-term, and at the same time addressing constantly shifting smaller details and demands of businesses that are increasingly global in scope. Building on new initiatives to overlay legacy systems (like ISO 20022 messaging standards) can aid in those endeavors.