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Deep Dive: Making Instant Payment Schemes Universal And Interoperable

PYMNTS

An interoperable cross-border solution could remove these frictions and provide smooth transfers between two real-time payment systems, while a single, globally accessible faster payments service could offer swift end-to-end transfers. Smooth communications between players must be supported if payment schemes are to be interoperable.

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Smarter Payments Tracker Eyes Interoperability

PYMNTS

In the latest Smarter Payments Tracker , PYMNTS takes a deep dive into the challenge of interoperability in achieving better cross-border payments services and experiences. In the public sector, corporates and government entities are also collaborating in pursuit of interoperability. Across the pond, meanwhile, the U.S.’s

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Blockchain Tracker: Edits, Approvals, Music & Bono

PYMNTS

Blockchain proponents would argue in favor of that concept, especially after this week’s announcement from Ujo Music. The startup has its eyes — or, in this case, ears — on disrupting the $15 billion music industry , which Forbes said could stand to benefit from blockchain. No middleman (or woman). Ujo Music isn’t the first to do this.

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ERP Data On The Front Lines Of Blockchain Adoption

PYMNTS

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. For one firm, Finlync , the key to unlocking the potential of blockchain in B2B processes is unlocking the underlying data of that activity.

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The Collaborators – And Rivals – Of Blockchain

PYMNTS

With the blockchain industry expected to exceed a $7.6 As is often the case in today’s financial services market, industry players are in a delicate dance of collaboration and competition – and blockchain is no exception. Collaborators. One of these collaborations, announced Tuesday (Jan.

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SWIFT Ties gpi To eCommerce And DLT

PYMNTS

The gateway will enable the continuous monitoring and control of payment flows and the subsequent movement of goods by those trade platforms, while, to ensure global integration and interoperability, it will support application programming interfaces (APIs), as well as SWIFT and ISO standards.”.

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Deep Dive: Why Cross-Border Payments Need Transparency Overhaul

PYMNTS

Although there are more efficient cross-border transactions being enabled, several roadblocks are still in the way, including payment tracking and issues with interoperability between market systems. Some FIs are also turning to blockchain-based solutions to improve transparency and interoperability.