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Fedwire’s ISO 20022 Migration Delayed By Federal Reserve Bank 

PYMNTS

The phase 1 implementation of the ISO 20022 migration strategy that was scheduled for November 2020 is being postponed by the Federal Reserve Bank, the U.S. SWIFT announced last year that it is planning to allow its users to send data-rich ISO 20022 messages across its global network starting in November 2021.

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How Swift is moving the global financial industry towards instant and frictionless payments

The Payments Association

The UKs roadmap to faster, more efficient payments A key area of focus outlined in the National Payments Vision is enabling interoperability between domestic and international systems, supported by the adoption of ISO 20022 messaging standards while ensuring the security of the UKs payment systems.

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Nearly Half of All Cross Border Payments Will Be Instant by 2028 Reveals Juniper Research

The Fintech Times

The new market research suite by Juniper Research offers a comprehensive assessment of the B2B payments market. Instant payment innovation cutting costs for businesses The research anticipates the adoption of ISO 20022 , a universal standard for instant payments’ financial messaging.

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The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

The ISO 20022 payments messaging standard — and faster payment networks’ adoption of it — has proven to be a significant value-add to financial service providers’ faster payments offerings. ISO 20022’s path to ubiquity could serve as a model for faster payments technologies’ own adoption journeys.

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The Canadian Case For ISO 20022

PYMNTS

When analysts from SWIFT and its ISO 20022 Registration Authority took a look at the various efforts behind adoption of the global messaging standard in 2014, a report found that while implementation projects were on their way across Europe, Russia and Africa, among the laggards were the U.S. and Canada.

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KPMG, Volante Technologies offer ISO 20022 maturity model

The Paypers

US-based cloud payments provider Volante Technologies has extended its partnership with KPMG to develop an ISO 20022 maturity model to help PSPs assess ISO adoption readiness.

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Why payment transparency is critical to the future of correspondent banking

The Payments Association

ISO 20022 & the role of technology The global migration to ISO 20022, now adopted by SWIFT for cross-border payments as of March 2023, offers a transformational opportunity to improve payment transparency. Common typologies involving correspondent banking include: Incomplete or manipulated payment instructions (e.g.