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Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Plus, blockchain makes new inroads in the B2B arena. Canada Taps Vocalink for Real-Time Rail. Businesses Drive Australia's NPP Adoption.

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EU Parliament Eyes New Rules On Cross-Border Payment Fees

PYMNTS

As has been reported, the European Payments Council said in November that it had launched a new SEPA instant payment scheme across P2P and B2B payments, among other offerings, settling transactions within seconds among participating countries. Faster Payments In Asia. In Canada, Payments Canada said on Wednesday (Feb.

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Basware Integrates Solutions With SAP App Center

PYMNTS

The companies are collaborating on a payment platform designed to accelerate payments and settlement between banks and their customers, with a focus on allowing for interoperability between existing real-time gross settlement (RTGS) systems and blockchain-based systems.

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Real-Time Payments Driving Real-Time Liquidity: Deutsche Bank

PYMNTS

A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury.

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In The Blockchain Race, FIs Hustle Not To Come In Last

PYMNTS

The Bank of England caught the financial services world’s attention when its Governor, Mark Carney, spoke about the central bank’s latest initiative to revamp and rebuild its real-time gross settlement (RTGS) system. Banks didn’t have all the blockchain fun this week, however.

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Bank Of England Pulls Payment Schemes Onto Same Page With ISO 20022

PYMNTS

The Bank of England noted that this change coincides with the launch of the real-time gross settlement (RTGS) infrastructure under CHAPS, as well as the New Payments Architecture under BACS and Faster Payments.

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Bank Of England Opens Settlement System To Blockchain

PYMNTS

England’s central bank is taking a significant step in support of blockchain technology with a decision to open its real-time gross settlement (RTGS) system to distributed ledger networks.