The Fintech Times

FEBRUARY 5, 2024

Instant payment innovation cutting costs for businesses The research anticipates the adoption of ISO 20022 , a universal standard for instant payments’ financial messaging. The extra remittance data that modern systems support can enable use cases such as automated accounting; drawing businesses to modern payment rails.

Cross-Border Payments 119

Cross-Border Payments Cross-Border ISO 20022 Research 119

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. and Canada.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40

PYMNTS

SEPTEMBER 29, 2020

“The research identifies that instant payments adoption can be particularly transformative in B2B payments, where value-added capabilities, including automation and additional remittance data enabled by ISO 20022 can be valuable in tackling complex accounts payable processes,” and announcement stated.

Instant Payments 129

Instant Payments B2B Innovation ISO 20022 129

PYMNTS

SEPTEMBER 12, 2019

Further, the report noted, just because businesses appear to be shifting away from paper checks doesn’t mean they’re fully embracing automated, digital payment tools. That said, it is encouraging that check usage is in decline, as electronic payments methods are much more efficient, and have a much lower risk for fraud.”.

AFP 51

AFP Checks ISO 20022 Cross-Border 51