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 News

DECEMBER 10, 2023

The challenge in international payments primarily revolves around ensuring data accuracy at every step of the payment chain. Edward spoke of the pivotal role of data and technology in creating and validating payment messages.

Addressing

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. Cross-border payments have gained prominence for a few related reasons. Remittances on the Rise. and Australia’s NPP. Challenges Aren’t Universal.

Cross-Border Payments

PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink ecommerce and trading platforms with the SWIFT gpi payment service.”. SWIFT said the first part of this proof-of-concept effort will involve Corda, an R3 blockchain platform.

SWIFT

PYMNTS

OCTOBER 10, 2016

Though the set of global business standards have been around for some time, ISO 20022 still has the ability to enhance how payment messages are sent and received. Throckmorton explained that ISO 20022 is not new to NACHA; there’s been an increased interest from businesses to have this flexible option of using ISO formatted messages.

Same Day ACH

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

PYMNTS

MARCH 16, 2016

That’s probably sound advice for any market hoping to achieve faster, more efficient payments — especially cross-border — by adopting a unified payments messaging system. Existing payment standards are limited in the amount of remittance information they can support,” concluded the CPA.

ISO 20022

PYMNTS

JANUARY 26, 2017

For this to work,” the firm continued, “the buyer and seller must be an active part of this value chain. Interoperability and integration of the buyer and sellers’ data is therefore essential. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too.

Blockchain

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. ISO 20022 for cross-border payments (Mandatory by 22 November 2025) The global migration to ISO 20022 as the standard for cross-border payments messaging becomes mandatory on 22 November 2025.

Regulations

PYMNTS

NOVEMBER 19, 2019

First, there’s good old-fashioned fraud,” he said, “which is alive and well, is not going away and continues to increase.”. McNulty said the standard is the norm among instant payment schemes taking shape around the world — and beginning in 2021, the migration of major RTGS systems to that same standard will foster greater interoperability.

Fraud Prevention

The Payments Association

APRIL 14, 2025

Related links: Financial promotion rules for cryptoassets Financial promotions data 2024 Top regulatory priorities for the payments sector Mandatory adoption of ISO 20022 for cross-border payments (final preparations Q2) The transition to ISO 20022 for cross-border payments is a fundamental shift in global financial messaging standards.

Regulations