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From Paper to Digital: The Evolving E-Invoicing Mandate

Trade Credit & Liquidity Management

Key Challenges in E-Invoicing No Universal Standard: Diverse tax laws and business practices prevent a single global e-invoicing standard. However, the industry is moving toward best practices and standardized data formats such as ISO-20022 to ease cross-border invoicing.

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FPC 2022 Fall Member Meeting

Faster Payments Council

12:30pm-1:10pmCT: Panel Session – Efficiency and B2B Payment Modernization (Minneapolis Ballroom Salon AB) With the FedNowSM service coming next year, there's no time like the present to prepare for and innovate on instant B2B payments improvements.

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SWIFT Now Looking At Blockchain For Interbank Payments

PYMNTS

The initiative will launch an open-source Hyperledger technology, the company said, that uses SWIFT technologies to ensure any solutions developed comply with industry best practices. Hackers reportedly infiltrated SWIFT’s system to hide fraudulent transfer requests.

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Finastra Boosts Its Payments Processing Strategy with Fed Certification for ISO 20022

Fintech Finance

ISO 20022 is a universal financial industry messaging standard that can carry a considerable amount of information and is based on a common data dictionary that can support payment message flows between financial institutions, their clients, and domestic and international market infrastructures.

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SWIFT KYC Registry Goes Global

PYMNTS

The payments messaging company said Monday (July 17) that its KYC Registry is now open to all supervised financial institutions around the globe. In parallel, smaller institutions will benefit from industry-agreed standards and best practices in Know Your Customer compliance.

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What Is FedNow & How Can Businesses Prepare for It?

Seon

The bank of the soon-to-be-paid employee sends back a request for payment (RFP) via the FedNow Service for the payer to confirm the transaction on their app. The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network. How Can Retailers Prepare for It?

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