The Payments Association

JUNE 11, 2025

Sustainable growth depends on interoperable risk frameworks, shared scam indicators, and coordinated responses, especially as fraudsters grow more agile and cross-border by design." Fraud prevention must evolve into a cross-functional discipline—embedded in product, operations, and governance—not siloed in security.

Risk

Finextra

JUNE 19, 2025

Client expectations in cross-border payments are on the rise; how are banks navigating these demands to stay competitive? According to the Bank of England, the value of cross-border payments will hit $250 trillion by 2027. But the geo-economic domain is not the only source of change.

Multi-Currency

The Payments Association

JANUARY 22, 2025

In Europe, the EU’s eIDAS regulation promotes cross-border recognition of electronic identities, facilitating seamless travel within member states. The EU’s smart borders initiative exemplifies the innovative applications of digital identity in border control, using automated processes and biometric verification.

Security

Trade Credit & Liquidity Management

MAY 29, 2025

This shift demands that billers stay informed and proactive, as compliance and efficiency heavily depend on understanding complex regulations and effectively leveraging service providers. However, the industry is moving toward best practices and standardized data formats such as ISO-20022 to ease cross-border invoicing.

ISO 20022

Finextra

JULY 31, 2025

By using a platform that supports ISO 20022 and national standards, you ensure smoother, faster, and wider coverage. Hyper-personalized user experience Customers expect services that match their goals and habits. You need to provide real-time insights into spending habits, budgets, and savings suggestions.

Payment APIs and Integration

Fintech News

JULY 3, 2024

The ambitious initiative is targeting to transform cross-border payments in Southeast Asia (ASEAN) initially, before the broader Asia Pacific (APAC) region and, eventually, the world. Nexus is designed to standardise the way domestic payment systems connect with each other across borders. How Does Project Nexus Work?

Cross-Border Payments

PYMNTS

JANUARY 7, 2021

In 2020, many of the biggest pain points in B2B payments were revealed, particularly when transactions move across border. An estimated $10 trillion in B2B payment flows move across border every year, yet only a small fraction of that volume is digital. We tend to talk about payments as some independent component," said Holroyde.

Cross-Border

Fintech News

AUGUST 8, 2024

As the industry evolves, adopting robust standards like ISO 20022 becomes crucial for driving these benefits. B2B payments service provider Bottomline ‘s on-demand webinar, “Championing Swift Connectivity for Private Banks and Asset Managers in APAC,” explores these critical developments in depth.

ISO 20022

PYMNTS

NOVEMBER 27, 2019

According to Tom Halpin, head of payment products at HSBC , faster and real-time payment services don’t only provide the value of speed for corporate clients, especially in the context of cross-border transactions. Progress in Tackling Cross-Border Payments Friction. The Community Approach to Ubiquity.

ISO 20022

PYMNTS

JANUARY 20, 2021

Plus, dLocal partners with Dinie, RepSpark partners with PGA and Citi accelerates its ISO 20022 adoption. In an effort to simplify B2B payments for Australia, FinTech service provider WEX is teaming with digital business management technology company MYOB. Citi To Accelerate ISO 20022 Adoption Via Volante Partnership.

ISO 20022

The Payments Association

MAY 9, 2025

Correspondent banking is vital in facilitating global trade, enabling cross-border remittances, and connecting emerging markets to the international financial system. Cross-border payments often involve multiple intermediary institutions, each with varying levels of visibility over the originator and beneficiary.

Correspondent Bank

The Paypers

AUGUST 2, 2019

(The Paypers) Financial messaging services provider SWIFT has announced adopting the ISO 20022 financial standard to enable the modernisation of cross-border payments.

ISO 20022

Fintech Finance

SEPTEMBER 25, 2024

The two companies will join forces to offer a one-stop payment acceptance solution for payment service providers and merchant acquirers to create a seamless and secure payment ecosystem for processing domestic and cross-border payments.

ISO 20022

PYMNTS

SEPTEMBER 29, 2020

Late last week the EU’s executive branch introduced proposed rules to provide legal guidance and clarity for corporates and investors to adopt cryptocurrencies. The first company it's working with is Wirex, which provides a crypto-friendly currency account and enables cross-border payments via Visa card.

Instant Payments

Fintech Finance

MAY 22, 2025

Aligned with ISO 20022 and powered by our partnership with ACI Worldwide, CIMB is positioning itself at the forefront of next-generation banking,” said Ros Aziah, Group Chief Technology Officer, CIMB Bank. .

ISO 20022

Fintech Finance

OCTOBER 16, 2024

Trovata will become one of the first service providers with a direct API to Swift. .” Trovata will also make its Swift Direct product available through its embeddable Multibank Connector, to expand its global footprint to include banks that do not yet use APIs.

SWIFT

PYMNTS

NOVEMBER 17, 2020

Everybody talks about rich data pipes being attached to ISO 20022. Many of the biggest challenges of B2B payments occur in the context of cross-border transactions. the company is gearing up to roll the service out internationally next year, and to develop other solutions for cross-border B2B payments.

B2B

PYMNTS

AUGUST 1, 2019

Financial service providers are operating in a global payments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards. ISO 20022 will modernize international and domestic payment rails, enabling right and new payment services.”.

Interoperability

The Payments Association

MAY 16, 2025

Regulatory developments previously confined to financial institutions and payment service providers are now extending to the systems, practices, and commercial relationships of merchantsparticularly where digital payments, cross-border transactions, and customer data are concerned. to 1.15% for debit and from 0.3%

Regulations

PYMNTS

MARCH 17, 2020

Drilling down a bit, Caldeira said that the speeds of money transfers themselves are increasing across any number of use cases and verticals, and crossing borders with growing frequency. The Need For Standardization In Cross-Border Payment Processing. You don’t want to break your back-end systems,” Caldeira told PYMNTS.

Cross-Border

PYMNTS

MAY 1, 2019

The company’s VolPay-as-a-Service solution will now include corporate-to-bank connectivity, the firm said in a press release Tuesday (April 30), as well as support for corporate onboarding and end-to-end processing for U.S. and cross-border payments. financial institutions.

ISO 20022

PYMNTS

MARCH 14, 2019

At the intersection of all these threats is payments, particularly when money is moving cross-border. And that’s all about using technology-based services to re-engineer treasury activities.” ” Cross-Border Payments in the Crosshairs. “ Cross-border payments are becoming more important.

Global Payments

PYMNTS

AUGUST 21, 2020

Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify. FXPress entered the market with a focus on cross-border payments and foreign exchange services. Beyond Payments Initiation. “One thing is for certain,” said Conibear. ”

Multi-Currency

PYMNTS

OCTOBER 15, 2020

But the transition is one that must consider, and maybe even embrace, several emerging options and payment rails in a bid to move data and money more quickly across borders, and move, decisively, away from paper checks. Noted Kresse, “RTP and other new payment rails provide us the opportunity to carry remittance direct from system to system.”

Real Time Payments

PYMNTS

AUGUST 13, 2019

The August Faster Payments Tracker details this new development, as well as other major developments hitting the world stage, from SWIFT’s instant cros s-border payments trial to Facebook’s cryptocurrency foray. Deep Dive: The Challenges and Benefits of ISO 20022 Migration. Around the Faster Payments World. About the Tracker.

On-Demand

PYMNTS

SEPTEMBER 27, 2019

But correspondent banking has had a long reputation for being a sluggish, opaque way to inefficiently move funds across borders, and despite its shortcomings, is often the only choice for payers, especially small- and medium-sized businesses (SMBs).

Correspondent Bank

PYMNTS

DECEMBER 4, 2018

a Bank of England consultation about the embrace of messaging standards – specifically, ISO 20022 – has garnered support of a Common Credit Message (CCM) that looks for harmonization of messaging across interbank payment efforts. As has been widely reported, ISO 20022 is known for carrying richer data in payments messages.

Instant Payments

PYMNTS

JANUARY 26, 2017

Once live, account servicing payment services providers can work with any payments denominated in the euro that are, in turn, compliant with messaging standards (ISO 20022). Therefore, the underlying infrastructure “must be as robust and flexible as possible” in supporting payment service providers.

Instant Payments

PYMNTS

JANUARY 2, 2019

A third driver, said Houseman, is tied to consumer demand, which has meant balancing the twin goals of making sure the platform works well operationally and technically while at the same time allowing for commercial success, enough so that the banks and service providers are motivated to actually use NPP. Cross-Border Challenges.

Real Time Payments

PYMNTS

DECEMBER 12, 2019

Among the largest is the pain experienced among financial service providers and corporates when considering how, exactly, to update back-end infrastructure to support emerging real-time payments technologies. An embrace of global standards like the ISO 20022 messaging standard will be key, said Killam.

RTP

PYMNTS

MAY 29, 2019

and China, are sending ripple effects well beyond these countries’ borders, impacting many other areas of the global economy. The May Faster Payments Tracker™ explores these and other recent efforts to advance quick cross-border payments, as well as to encourage more businesses to leave behind legacy payment rails.

ISO 20022

PYMNTS

SEPTEMBER 23, 2019

The industry push for SWIFT’s ISO 20022 adoption continues to encourage financial institutions to adopt the payments messaging standard for more efficient transmission of transaction data, which can have particular impact for high-value cross-border B2B payments. Beyond the Payment.

B2B

PYMNTS

MARCH 19, 2020

That signals a seismic shift for companies across the globe and across industries, and for the FIs that process payments across borders, time zones and currencies. As Brandli noted, financial services firms and banks must automate large swaths of their payments control processes. “We

Instant Payments

PYMNTS

SEPTEMBER 10, 2019

Solutions like Visa B2B Connect are able to address both the need for ease-of-use and access to data through measures like adoption of the ISO 20022 messaging standard, which enables seamless exchange of payment data. Easing Friction Across Borders. Speed Takes Center Stage. Small Business’ No Longer Means ‘Small Value’.

B2B

PYMNTS

APRIL 19, 2017

The largest retail bank in Italy has made its first major step onto the stage of real-time cross-border payments. According to EBA Clearing, account-servicing payment service providers across Europe will be able to use the technology for payments made in Euros starting in November of this year.

Real Time Payments

PYMNTS

AUGUST 7, 2020

However, Kansas City Fed chief George said the system will initially focus on domestic movement of money and won’t include cross-border transactions. Partnerships across the industry would allow additional service providers to work with banks (such as CDFI banks) to bring instant payments to those populations.

Fed

PYMNTS

SEPTEMBER 7, 2017

In this regard, the Fed stands largely as a supporter and said it will explore its need, if any, to serve as a service provider. This includes the implementation of ISO 20022 messaging standards across organizations like NACHA and SWIFT. Cross-Border Payments. Collaboration.

Fed