The Payments Association

JUNE 11, 2025

Platform operators find themselves at the centre of this challenge, managing dual imperatives: enabling frictionless merchant onboarding to capture market share whilst maintaining rigorous risk controls to prevent significant fraud losses. Consumer fraud losses reached $12.5 Without collective visibility, we risk fragmented defences.

Risk

The Payments Association

JANUARY 22, 2025

Additionally, standardisation of digital IDs is required to ensure they are interoperable with TSA systems. These passports contain a range of data such as origin, materials and sustainability credentials, which also helps to promote trust and transparency among consumers. Thats smart, convenient and secure.

Security

The Payments Association

AUGUST 8, 2025

By 2030, the payments landscape will look radically different from today, shaped by disruptive technologies, shifts in consumer expectations, digital regulatory frameworks, and new global infrastructures. However, the next frontier is real-time global interoperability. In 2017, 28% of in-person transactions were conducted with cash.

Cross-Border

Faster Payments Council

AUGUST 23, 2024

2:20pm-3:00pmMT: Concurrent Breakout Session – The Power of ISO 20022: Unlocking Efficiency and Global Reach in Payments (Capitol Ballroom 7) The world of payments is undergoing a major transformation with the adoption of ISO 20022. Speakers: Laura Sullivan, Form3; Kenneth T.P.

FPC

Fintech Finance

SEPTEMBER 25, 2024

It will allow payment service providers and merchant acquirers in Japan to accelerate speed to market with new innovative payment services, modernize merchant and consumer payment experiences, and lower the total cost of ownership.

ISO 20022

Fintech Finance

MAY 22, 2025

This enterprise-wide initiative is a cornerstone of our Forward30 Strategy, built to future-proof operations, accelerate digital convergence, and deliver seamless, secure, and intelligent payment experiences for both consumers and businesses.

ISO 20022

PYMNTS

OCTOBER 10, 2016

23, the industry welcomed the rollout of ubiquitous faster payments to every consumer and business in the U.S. ISO 20022, which is designed to set the tone for global financial industry messages, provides a standardized approach to building messaging standards across financial services. via all banks and credit unions.

Same Day ACH

PYMNTS

AUGUST 16, 2019

The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. As the global economy becomes increasingly interconnected, smaller businesses and consumers will also need access to systems that enable easy cross-border payments.

Cross-Border Payments

Faster Payments Council

MARCH 15, 2023

Whether we will see these services gain traction is tied to what many believe to be a major hurdle–interoperability. FedNow may not interoperate with RTP, and it doesn't seem to be a priority for either. Learn how to position ISO 20022 as a part of an organization's broader payments modernization strategy.

FPC

PYMNTS

OCTOBER 15, 2020

Interoperability In Focus . Interoperability, said the panel, can improve B2B payments, creating new payments structures that contain message payloads that (can eventually) enable straight-through processing. In many instances, we’re working with FinTechs to provide the next solution for the consumer,” he said.

Real Time Payments

PYMNTS

SEPTEMBER 11, 2019

In June, the Chinese digital payment player Alipay and a handful of European mobile wallets announced a partnership to promote QR code payment interoperability. Compelled by pressure from the consumer space, domestic payment rails are being upgraded rapidly to keep pace. Other initiatives are being spearheaded across regions.

Cross-Border Payments

PYMNTS

JUNE 16, 2020

As the financial services industry seeks to expand the use and value of instant payments linking cross-border transactions with always-on digital commerce, uniting far-flung stakeholders and fostering interoperability is key. Two Types Of Containers. The containers are uniform and standardized even though they hold a broad range of items.

ISO 20022

PYMNTS

OCTOBER 12, 2020

These comment letters highlighted the need for features to address accessibility, interoperability, security, liquidity, and fraud prevention,” Montgomery said. Looking Toward Interoperability And Scale . Interoperability is a core component” of FedNow, said Montgomery. How does one then turn that into cash?

Instant Payments

The Payments Association

MAY 16, 2025

Key areas of impact include fraud prevention, card fee structures, accessibility standards, stablecoin usage, and the treatment of consumer data in evolving open finance ecosystems. The EAA aims to ensure that all consumers can navigate and use essential services without barriers. to 1.15% for debit and from 0.3% for credit.

Regulations

PYMNTS

NOVEMBER 10, 2020

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world.

B2B

PYMNTS

OCTOBER 2, 2019

To get a sense of where faster payments are headed, look to the consumer. The Consumer Case, Leading To The Business Case. Yet, Kresse pointed out that, ultimately, individual consumer behavior drives changes in business behavior. So, from the beginning, start with the individual consumer.

C2B

PYMNTS

MAY 30, 2018

While some financial institutions are turning to APIs as a way to help different financial institutions transmit data and communicate more efficiently and also protect their own data, others are promoting the ISO 20022 standard as a common language for different FIs. About the Tracker.

Payment APIs and Integration

PYMNTS

JANUARY 2, 2019

Among that pantheon lies Australia, where the New Payments Platform (NPP) debuted earlier in the year as a way to accelerate the movement of funds between consumers and businesses. Different countries operate on different messaging systems, a challenge that can be addressed by standards such as ISO 20022.

Real Time Payments

PYMNTS

AUGUST 16, 2019

Consumers and businesses have grown accustomed to having various speedy services available on demand — they can order food, request car rides or send money all from their smartphones. As the global economy becomes increasingly interconnected, smaller businesses and consumers will need access to systems that enable easy cross-border payments.

Cross-Border Payments

PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific.

Fed

The Fintech Times

JULY 9, 2024

The Open Identity Exchange and the Canadian non-profit Digital ID Authentication Council of Canada (DIACC) have committed to working together to advance global digital interoperability. Fairlo , a consumer credit fintech, has received B Corp certification.

ISO 20022

Fintech News

AUGUST 23, 2024

Despite current funding challenges, fintech experts and industry observers are still optimistic about the region’s long-term growth prospects, driven by factors such as a young population, a large consumer base, and supportive government initiatives.

APACS

PYMNTS

AUGUST 7, 2019

“We obviously expect that the collective set of technology and the services that we’re buying can be further exported more widely across Europe and into other markets,” he said, with the goal to create an interoperable market of payments schemes that can facilitate account to account payments, in real time, across countries.

Visa

PYMNTS

DECEMBER 3, 2018

Data formats rely on ISO 20022, as the EPC has stated in the past. The overarching theme, though, is one of interoperability. In reference to B2C payments, instant payments can cover compensation or reimburse consumers for returned goods. “It’s an integration that is not backward-looking, but forward-looking.”.

Instant Payments

PYMNTS

AUGUST 31, 2017

Payment System , published in early 2015, which highlights priorities that range from payments security to the adoption of the ISO 20022 messaging standard for cross-border payments. It’s not just consumer payments that are driving this evolution, though. They have certain expectations.

Federal Reserve

PYMNTS

AUGUST 5, 2019

Consumers worldwide appear increasingly receptive to subscription offerings, with a recent survey of those in 12 countries finding the share of adult respondents who have subscription services rose from 53 percent in 2014 to 71 percent in 2019. Subscription businesses can get only so far serving their local customer bases.

Cross-Border

Segpay

JUNE 13, 2024

Interoperability: Designed to work alongside existing payment systems. Settlement of these transactions often takes days, which impacts businesses and consumers. Technological Standards : The EU’s adoption of standardized messaging formats like ISO 20022 for SCT Inst set a technological precedent.

FedNow

PYMNTS

NOVEMBER 15, 2017

consumers and to businesses, standard practice across transactions of all sizes. There are thousands of financial institutions, where hundreds of millions of businesses and consumers interact and transact, with the aid of hundreds of service providers. .

Fed

PYMNTS

SEPTEMBER 7, 2017

Industry collaboration will be critical to achieving goals of accelerated payments, the Fed said, with top challenges identified as “interoperability, ubiquity and accessibility” of faster payments capabilities. This includes the implementation of ISO 20022 messaging standards across organizations like NACHA and SWIFT.

Fed

PYMNTS

APRIL 14, 2017

But speed is not enough, he added, as payment rails also need to include better data and widespread availability around the clock and interoperability that can support open use cases. Ubiquity and scale and standards, such as ISO 20022, are necessary to move money. … and soon it will be launched in the U.S.”.

ACH Network

Finovate

JULY 12, 2024

The technology will enable Affin Bank to process 20%+ more transactions, and enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards. The company returned to the Finovate stage for our developers conference, FinDEVr SiliconValley, in 2016. Thomas Warsop is CEO.

ISO 20022

PYMNTS

NOVEMBER 3, 2020

In a nutshell: Companies (and even consumers) “hire” goods or services to get where they want to go, to make progress, to satisfy goals. The paths toward innovation, and toward bringing suppliers and buyers together, are taking a cue from the great digital shift seen in consumer payments. That’s where the market’s going.

Checks

The Payments Association

APRIL 14, 2025

Immediate focus areas include fraud prevention, ISO 20022 readiness, and stablecoin regulationbut longer-term success depends on active engagement with consultations, operational resilience, and global alignment. Requirements apply to consumer banking services, which includes e-money and payment services. What’s next?

Regulations

Fintech News

JANUARY 22, 2025

Jessica Lam, WeLab This transition signifies a shift from merely surviving economic turbulence to thriving by leveraging improved financial frameworks and consumer trust. These efforts aim to build and maintain consumer confidence. Regulators are working to ensure that consumer consent and data security are prioritised.

Cross-Border