PYMNTS

MAY 8, 2017

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., In the U.S.,

Real Time Payments

PYMNTS

FEBRUARY 21, 2019

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.

Cross-Border

PYMNTS

MARCH 1, 2019

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. would consider switching to banks that offer real-time payments capabilities.

Faster Payments

PYMNTS

MARCH 17, 2020

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.

Cross-Border

PYMNTS

AUGUST 16, 2019

Many companies are choosing to implement ISO 20022 as a common messaging standard to achieve greater interoperability between payment systems, with the system seeing more than 80 implementations in over 40 markets. Some FIs are also turning to blockchain-based solutions to improve transparency and interoperability.

Cross-Border Payments

PYMNTS

JANUARY 26, 2017

Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too. Further, blockchain, Finlync said, negates the need for participants to align with what the company described as “complex” payments messaging standards like ISO.

Blockchain

Evolve Payment

SEPTEMBER 29, 2023

You can learn more about some of the blockchain building blocks from organizations like the Minnesota Blockchain Initiative. More Instant Peer-to-Peer (P2P) Payments Waiting days for payments to clear will become a thing of the past in 2024.

Industry Trends