Remove B2B Remove Message Standards Remove Request for Payment
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Real-Time Payments Go Beyond The Need For Speed

PYMNTS

The pandemic has exposed glaring points of friction in any number of verticals – including banking, where it’s apparent that legacy systems and processes were not designed to handle real-time anything, and certainly not payments. But she added that “we do lose a lot when we talk just about speed.”

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ACH Network Processed 21.5B Transactions in 2017

PYMNTS

Last month, NACHA announced it was launching a new initiative to make B2B ACH payments more efficient. The Request for Payment program uses the ISO 20022 messaging standard to facilitate eInvoicing and receive ACH payments that correspond to that bill.

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Past Lessons May Prove Invaluable For US Real-Time Payments Rollout

PYMNTS

But when he began working to help Singapore’s market adopt real-time payments, he found that the ISO 20022 messaging standard was more suitable to enable the transfer of rich data alongside a real-time payment. and future real-time payments initiatives across the globe — to be more attainable than ever.