Remove Blocks Remove Faster Payments Remove Message Standards
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Deep Dive: Security In The Time Of Faster Payments

PYMNTS

Now, demand for faster payments options is taking off worldwide. It’s not just direct participants who are taking advantage of these payments schemes — financial services providers such as Fiserv are also working to extend access by offering FIs real-time payments connectivity and processing solutions. trillion ($2.25

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EU Parliament Eyes New Rules On Cross-Border Payment Fees

PYMNTS

Separately, in terms of individual company news, and also in Europe, EastNets and Bankingblocks said they have teamed up to present modular “banking blocks” aimed at faster cross-border payments. Faster Payments In Asia.

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Red Hat: Innovating Payments The Open Source Way

PYMNTS

As Caldeira told PYMNTS, “You need to integrate all these networks together to exchange the messages … nothing else can happen without industry-level agreements.”. However, even with messaging standardization undertaken at country or industry level, there is still a risk that cross-network integration gets done on a peer-to-peer basis.

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Deep Dive: Why Cross-Border Payments Need Transparency Overhaul

PYMNTS

The cross-border payment space is ready — and perhaps overdue — for disruption. Change is being fueled by shifting regulations and emerging digital technologies that enable faster payment capabilities. Some FIs are also turning to blockchain-based solutions to improve transparency and interoperability.

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

PYMNTS

Real-time payments initiatives are under way all across the globe, but there is little consistency across jurisdictions regarding how the financial services sector takes on the initiative or where each market is at in terms of progress in achieving real-time payments capabilities. In the U.S., For instance, in the U.K.