The Payments Association

JANUARY 15, 2025

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.

SWIFT 88

SWIFT ISO 20022 Cross-Border Cross-Border Payments 88

PYMNTS

NOVEMBER 27, 2019

Further, one of the largest benefits to corporates of faster and real-time payments services is less about the speed and more about the data these networks are able to carry along with a transaction. The world is moving more toward standards, and ISO is one of them,” said Halpin.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

AUGUST 28, 2019

With any change in payment behavior, businesses must assess the cost of adoption and process disruption and weigh that against the cost of continuing to rely on legacy, sometimes outdated, technologies. Speaking The Same (Payments) Language.

ISO 20022 52

ISO 20022 B2B Real Time Payments ISOs 52

PYMNTS

MARCH 9, 2018

The solution deploys Hyperledger to assess the potential for blockchain to enhance bank-to-bank transactions. The PoC includes 34 banks, each with their own node in SWIFT’s DLT sandbox.

SWIFT 43

SWIFT ISO 20022 Blockchain Liquidity Management 43

PYMNTS

NOVEMBER 18, 2020

This has forced a behavior change and adoption of electronic payment methods that might have remained untouched by business users under normal circumstances. Because the RTP network remains relatively young, Ledford noted that it's difficult to accurately assess exactly how businesses are using the technology.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

MARCH 16, 2016

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. in its faster payments initiatives.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40

The Payments Association

APRIL 14, 2025

This includes undertaking robust fraud risk assessments, embedding tailored internal controls, and delivering ongoing staff training. It introduces a richer, more structured data format for payment messages, designed to enhance interoperability, increase efficiency, and reduce ambiguity in financial communications.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88