The Payments Association

JUNE 3, 2025

Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments.

Security

Fintech Finance

APRIL 17, 2025

Swifts Case Management solution standardises the investigation process, leverages ISO 20022 data and the UETR standard to provide transparency and interoperability across networks.

Cross-Border Payments

The Payments Association

MARCH 19, 2025

The high price of legacy in a payments-first world Banks that continue to rely on legacy infrastructure face mounting challenges: Limited scalability: Legacy tech wasnt built for real-time, cross-border, 24/7 payments or seamless integration with regional schemes.

Payment APIs and Integration

Fintech Finance

APRIL 11, 2025

Banks worldwide are managing complex, multi-year, multi-million-dollar modernization projects, including ISO 20022, SEPA Instant in Europe, and FedNow and RTP in the US. “With the global move to instant, interoperable payments and ISO 20022, the stakes have never been higher for banks. AnalystAccelerator 2.5

ISO 20022

Finextra

JUNE 18, 2025

Interoperability across multiple domestic and international card schemes without cobadging constraints. The initial protocols were refined, expanded, and formalized into a globally recognized suite of ISO 20022-based standards. The pilot demonstrated: No impact on customer experience: payment remained seamless at checkout.

ISO 20022

Fintech News

JULY 23, 2025

Legacy systems, complex regulatory environments and regional fragmentation continue to slow adoption. The Role of Standards: ISO 20022 and the Power of Interoperability Javeri described ISO 20022 as “not new, but the foundation” for future-ready payments.

APACS

Fintech News

FEBRUARY 28, 2025

However, BIS will continue providing technical advisory support, facilitating collaboration among members and potential new participants. Instead, a single connection enables interoperability across all participating nations. This move drastically reduces integration costs and accelerates the expansion of instant cross-border payments.

Cross-Border Payments

The Payments Association

JUNE 11, 2025

As threats continue to grow in both volume and sophistication, platform operators must find new ways to balance commercial agility with robust risk oversight. Sustainable growth depends on interoperable risk frameworks, shared scam indicators, and coordinated responses, especially as fraudsters grow more agile and cross-border by design."

Risk

The Payments Association

JANUARY 22, 2025

Additionally, standardisation of digital IDs is required to ensure they are interoperable with TSA systems. Across the industry, well need to see collaboration for secure, interoperable solutions that meet global standards. Combine digital ID, AI and new rich data standards like ISO 20022, and I’m excited to see what can be done.

Security

Trade Credit & Liquidity Management

MAY 29, 2025

However, the industry is moving toward best practices and standardized data formats such as ISO-20022 to ease cross-border invoicing. The Importance and Impact of ISO-20022 ISO 20022 is an international standard for financial messaging developed by the International Organization for Standardization (ISO).

ISO 20022

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

PYMNTS

APRIL 29, 2019

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.

Interoperability

PYMNTS

MAY 31, 2018

This makes interoperability that much more difficult to achieve. Throckmorton and his team at NACHA believe that ISO 20022 , developed by the International Organization for Standardization (ISO), could be that common language. If you don’t have standardization, it’s just not going to work.

ISO 20022

PYMNTS

NOVEMBER 27, 2019

That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same. A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin. The Community Approach to Ubiquity.

ISO 20022

PYMNTS

AUGUST 1, 2019

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. Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its Wednesday (July 31) announcement.

Interoperability

Fintech Finance

JULY 11, 2024

Finastra will continually evolve the service, allowing banks to respond quickly to changing customer, industry and regulatory demands. It is based on the ISO 20022 messaging standard which Switzerland has been using for several years. ” SIC5 is developed by the Swiss National Bank (SNB) and SIX.

Instant Payments

PYMNTS

MARCH 16, 2016

When analysts from SWIFT and its ISO 20022 Registration Authority took a look at the various efforts behind adoption of the global messaging standard in 2014, a report found that while implementation projects were on their way across Europe, Russia and Africa, among the laggards were the U.S. and Canada.

ISO 20022

Fintech Finance

JANUARY 11, 2024

The Practicalities of Cross-Border Payments in a Faster Payments World also highlights the challenges faced by fintech companies, providing insights into regulatory compliance, security, foreign exchange rate risks, lack of transparency, high costs, interoperability, data privacy, competition with financial institutions, and liquidity management.

Cross-Border Payments

PYMNTS

AUGUST 19, 2016

As SWIFT continues to promote the adoption of the ISO 20022 payments messaging standard across financial institutions, the company said it is zeroing in on the potential for ISO 20022 harmonization in the high-value payments space. To highlight that potential, SWIFT revealed on Thursday (Aug.

ISO 20022

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. cross-border ambitions continue to increase.

FPC

Fintech Finance

OCTOBER 17, 2024

Swift today published new data which reveals continued progress towards meeting the G20’s goal for the speed of cross-border payments, reporting that 90% of cross-border payments made over the Swift network reach the destination bank within an hour. Swift is committed to continuing to support these efforts.”

Cross-Border Payments

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. Remittances to developing nations continue to grow, which has spurred many global markets to pursue efforts to enable more efficient cross-border payments.

Cross-Border Payments

PYMNTS

OCTOBER 10, 2016

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. “They are trying to maintain interoperability from a global perspective and also trying to achieve that standardization,” he explained.

Same Day ACH

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 . There has to also be this continuity of transaction flow from a blockchain environment to a traditional payment environment,” added Scola. Standards, such as ISO 20022 are critical to fostering interoperability, they agreed (Scola pointed to SWIFT gpi, a standard for global payments, as an example).

Real Time Payments

The Fintech Times

JULY 15, 2024

Finastra’s 24/7 instant payment service, which includes real-time sanctions screening and fraud prevention, processes transactions within seconds and will continue to evolve to meet changing demands. The post Finastra’s 24/7 Instant Payment Service Offers Real-Time Sanctions Screening appeared first on The Fintech Times.

Instant Payments

PYMNTS

NOVEMBER 10, 2020

One of the biggest opportunities is in the ability for real-time payments technologies to not just move money quicker, but to also move rich data along with the transaction, particularly amid spreading adoption of the ISO 20022 payments messaging standard.

B2B

Fintech Review

APRIL 9, 2025

Dubai, UAE, April 10th, 2025, FinanceWire XDC Network continues to strengthen its ecosystem with the launch of XDC.Cash, a Next-Generation Crypto Payment Solution powered by Encryptus. and ISO 20022 Compliance With the recent launch of XDC2.0, XDC Network is ISO 20022 -compliant, aligning with the global messaging standard.

ISO 20022

The Payments Association

MAY 16, 2025

The regulatory framework governing payments continues to expand in scope, with increasing implications for merchants operating in the UK and EU. Merchants continue to face elevated abandonment rates, soft declines, and disputes linked to poor SCA execution, particularly for recurring transactions, mobile checkout, and low-value exemptions.

Regulations

Faster Payments Council

SEPTEMBER 17, 2019

Kirstin spoke openly with our membership, addressing questions coming in from our members on topics such as ubiquity, interoperability, and industry collaboration. We hope you'll continue to share your thoughts and opinions with us—and join the dialogue. Because your input matters.

FPC

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. That increased spending then continued for the following 10 days. If all goes as planned, that is.

Fed

PYMNTS

OCTOBER 2, 2019

However, with real-time payment modalities, and through the messaging standard ISO 20022, data can be easily uploaded into firms’ billing systems. There are many “flavors of fast” across interoperable systems, like Same Day ACH transactions, real-time payments and several daily settlement windows available from the FED.

C2B

Fintech News

AUGUST 23, 2024

The sum represents a year-over-year (YoY) decline of 17.2%, continuing a downward trend that began in 2022 due to market uncertainty, economic volatility, and profitability concerns. In H1 2024, fintech startups in Asia raised a total of US$2.4 billion, data from a new CB Insights report show.

APACS

The Fintech Times

JULY 20, 2024

DORA covers some aspects, but it will never be enough as we continually push the boundaries of efficiency and economic value. This involves re-engineering the architecture towards modular, microservices-based frameworks, enhancing interoperability, and investing in robust cybersecurity. ” Do we need to quicken implementation?

Payments

PYMNTS

AUGUST 7, 2019

For Mastercard, the acquisition furthers the continued strategy to move well beyond cards and deepen its presence in account-to-account activity and extend its position beyond credit and debit cards. The Use Cases.

Visa

PYMNTS

MARCH 14, 2019

As the payments landscape continues on its path of innovation, new challenges continue to emerge. More Progress, New Challenges. In cross-border payments, the drive for speed and efficiency has also resulted in rising concerns over service providers’ ability to more quickly identify and remedy fraudulent transactions.

Global Payments

PYMNTS

DECEMBER 12, 2019

continues to take significant steps toward a faster payments ecosystem , the market undoubtedly lags behind others across the world in the path toward real-time payments ubiquity. An embrace of global standards like the ISO 20022 messaging standard will be key, said Killam. Though the U.S. unlike markets like the U.K.

RTP