PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. “Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its announcement.

ISO 20022 76

ISO 20022 ISOs SWIFT Cross-Border 76

PYMNTS

AUGUST 16, 2019

Remittances to developing nations continue to grow, which has spurred many global markets to pursue efforts to enable more efficient cross-border payments. World Bank data shows that remittances to low- and middle-income nations reached a record high last year, with migrants sending $529 billion to their home countries. innovations.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

AUGUST 1, 2019

More recently, SWIFT also announced new guidelines for financial institutions to adopt the ISO 20022 payments messaging standard, a way to streamline communication and transmission of data between service providers to facilitate cross-border transactions in a more efficient manner.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

AUGUST 21, 2020

Widespread disruption throughout the world’s supply chains earlier this year had businesses’ continuity plans threatened and, for some, even forced operations to grind to a screeching halt. “But payments is just one side of the equation,” noted Conibear.

Multi-Currency 69

Multi-Currency Cross-Border Payments Cross-Border Finance 69

Evolve Payment

SEPTEMBER 29, 2023

Table of Contents The Future of Merchant Services: Seven Payment Industry Trends to Watch in 2024 The payment processing industry continues to undergo significant transformations in today’s rapidly evolving digital landscape. Our friends at CyberFin have seen cyber security breaches from payment portals grow continuously.

Industry Trends 52

Industry Trends Contactless Payments ISO 20022 Cross-Border 52

PYMNTS

MARCH 12, 2018

“And in fact, a lot of central banks around the world hold a lot of U.S. So I don’t see that the natural response to that [being] ‘you do not trust your central bank and therefore you need something that goes around the central bank.’”. They have this banking license that allows them to make money out of thin air.

Faster Payments 44

Faster Payments Central Bank Cross-Border Payments 44