Remove B2B Remove Payment Initiation Remove Value Added Service
article thumbnail

SWIFT To Create New Cross-Border Real-Time Rails

PYMNTS

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. Over the next two years, the Belgium-based cooperative said the initiative will provide transaction management services. The new approach promises to create new value-added services to support business growth.

article thumbnail

Time For B2B Payments To Get Standardized, Says Nordea

PYMNTS

And according to Nordea analysts, three trends will have the most immediate impact on the evolving shape of corporate banking: real-time domestic payments, cross-border payments initiatives likes SWIFT’s gpi and APIs that enable open banking.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

B2B Not A Vital Part Of Real-Time Payments Innovation, Yet

PYMNTS

Those who wait may find themselves left behind as the faster payments revolution takes hold.”. Not all real-time payments initiatives are created equal, though. FIS surveyed 25 markets in which real-time payments programs are operational, rating their innovative qualities on a scale from 1 to 5. Switzerland.

article thumbnail

Meet The New Guy In US B2B Payments

PYMNTS

The drive of payments innovation, security and speed in B2B payments is fueled by more than the basic buyer-supplier commodities transaction. Beanstream is a payments technology firm that is the latest to enter the U.S. Stewart described the faster payments initiatives of the U.S. “The U.S.

B2B
article thumbnail

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. economy is proving to be a tailwind for faster payments and processes. That said, the U.S.

article thumbnail

Banks, FinTechs Find New Open-Data Use Cases

PYMNTS

This week, Mastercard and Cardlay announced a collaboration that will see Mastercard connecting its network of European issuing banks to Cardlay’s commercial card technology, which unlocks corporate card transaction data for value-added services, including automated expense management and VAT claim processes.

article thumbnail

Visa’s $5.3B FinTech Play, Wrapped In Plaid

PYMNTS

On a conference call with investors following the announcement, Visa CEO Al Kelly said that “Plaid opens up new market opportunities by significantly expanding Visa’s network capabilities,” adding that Plaid provides “a terrific platform for extending” Visa’s integrated payment solutions and value-added services.