Remove Correspondent Bank Remove International Payments Remove Service Provider
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ISO20022: The big shift to structured addresses

Finextra

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.

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RT2: A strategic transformation for UK payment providers

The Payments Association

This is more than 'coding to the spec'; different and new software is required by originating institutions, correspondent banks, intermediate banks, and even regulators or central banks to realise the advantages." This proportional approach makes direct participation viable for a broader range of organisations.

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TransferWise On The Faster Future Of Cross-Border Payments

PYMNTS

The traditional correspondent banking network is one major speedbump that stops financial institutions (FIs) from providing speedy, inexpensive, cross-currency and cross-border transfers, Lembo explained, but financial services providers can adopt new technology and approaches to safely streamline these transactions.

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Western Union Rolls Out Full API Access For International Payments

PYMNTS

“Our goal is to help customers integrate their data, in turn expanding their global reach and managing their international payments more efficiently, while maintaining our commitment to leading the industry in offering the highest standards of security,” Johnson said.

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RTGS.global Launches Unique Solution for PSPs to Drive ‘exponential Growth’ With Frictionless Foreign Exchange Money Transfers 

Fintech Finance

RTGS.global , the next generation settlement company revolutionising cross-border payments, has today announced the launch of a unique solution for Payment Service Providers (PSPs) that will enable them to offer cheaper and faster international payments to their retail and corporate customers.

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Smarter Payments Tracker Eyes Interoperability

PYMNTS

In corporate payments, high-value transactions with tall demands for compliance, transparency, speed, efficiency and security aren’t just placing a burden on the businesses sending and receiving funds. International payments often contain unstructured and ambiguous transaction data, causing unnecessary delays and failed processing.

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Euro Banking Association Outlines Use Cases For Digital Currencies

PYMNTS

The Euro Banking Association (EBA) announced Monday (May 22) that it issued a new information paper looking at benefits and uses cases of digital currencies for international payments and correspondent banking practices.