Finextra

JUNE 27, 2025

Soon, ISO 20022, a messaging standard designed to improve how payments are processed and communicated, will become the global norm. ISO 20022 was introduced in 2004 and has since been part of a long and complex journey to improve international payment messaging. The benefits are far-reaching.

Addressing 90

Addressing ISO 20022 ISOs Payment APIs and Integration 90

PYMNTS

NOVEMBER 16, 2018

Amid stricter checks for money laundering, banks are moving away from the international money transfer practice known as correspondent banking. The shift could possibly cause payments to move underground and particularly impact nations that are dependent on remittances, Reuters reported.

Correspondent Bank 76

Correspondent Bank Correspondent Regulations Money Laundering 76

PYMNTS

AUGUST 21, 2020

Indeed, making payments across borders remains one of the biggest pain points for small- and medium-sized businesses, as well as one of the biggest opportunities for FinTechs and other FinServ providers, thanks to the continued lack of transparency and speed in traditional global payment methods that rely on the correspondent banking system.

Multi-Currency 69

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

The Fintech Times

FEBRUARY 21, 2024

Most notably, the European Payment Council ’s ‘One-Leg Out Instant Credit Transfer (OCT Inst)’ scheme went live in December. “This creates the opportunity for correspondent banks to route and settle payments via a real-time payment infrastructure rather than the Real Time Gross Settlement rail, the only option previously.

Cross-Border Payments 78

Cross-Border Payments Cross-Border ISO 20022 SWIFT 78

The Payments Association

MAY 16, 2025

Merchants may be affected directly, through obligations arising from new legislation, or indirectly, through revised requirements placed on their acquirers, platforms, and payment providers. This standard introduces structured, enriched data formats for payment messagesimproving interoperability, fraud detection, and reconciliation.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

PYMNTS

SEPTEMBER 24, 2019

Below, PYMNTS looks at the latest news in cross-border payments innovation as industry players complete, collaborate and innovate. SWIFT gpi Links Into Real-Time Payments. Payments messaging firm SWIFT announced Monday (Sept. s Banking and Competition Remedies fund. million in grant funds, awarded by the U.K.’s

SWIFT 73

SWIFT Cross-Border Payment APIs and Integration Cross-Border Payments 73