Fintech News

AUGUST 8, 2024

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.

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ISO 20022 APACS SWIFT ISOs 128

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.

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Global Payments Cross-Border Payments Cross-Border ISO 20022 77

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.”.

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Interoperability ISO 20022 Cross-Border Correspondent Bank 61

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.

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ISO 20022 Same Day ACH Cross-Border Payments Payment APIs and Integration 66

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. ”

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

PYMNTS

JANUARY 20, 2021

In an effort to simplify B2B payments for Australia, FinTech service provider WEX is teaming with digital business management technology company MYOB. The tie-up provides WEX clients with access to MYOB's business payment technology for vendor payments through WEX virtual credit cards, according to an announcement.

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ISO 20022 ISOs B2B Cross-Border 64

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.

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RTP Real Time Payments Faster Payments Cross-Border 72

The Payments Association

JANUARY 31, 2025

However, the emergence of decentralised finance (DeFi), virtual asset service providers (VASPs), and borderless crypto transactions has created significant challenges for the FATFs framework, making enforcement and compliance more complex. NFTs, layer-2 scaling solutions, and DAOs) constantly emerging.

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Travel Rule Wire Transfer Rules Wire 88

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’.

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B2B Cross-Border Payments Payer 59

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.

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Instant Payments ISO 20022 Message Standards ISOs 40

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. Around the Faster Payments World. Deep Dive: The Challenges and Benefits of ISO 20022 Migration.

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On-Demand ISO 20022 Federal Reserve Faster Payments 62

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.

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Real Time Payments ISO 20022 Cross-Border Payments Cross-Border 40

PYMNTS

JULY 31, 2018

These range from a new software tool intended to help banks offer Real-Time Payment services, to the Federal Reserve’s proposal to adopt a messaging standard that enables easier interactions between its real-time gross settlement system and other payment systems.

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Real Time Payments Payment Networks Faster Payments Online and Mobile Banking 59

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.

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Fed Federal Reserve Cross-Border Payments Cross-Border 49

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.

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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. Users can integrate with the TranSwap API to automate multiple transfers. 21 of 2017.

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Instant Payments ISO 20022 SWIFT ISOs 50

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.

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B2B ISO 20022 Payment APIs and Integration ISOs 49

The Payments Association

APRIL 14, 2025

Gavin Punia Partner, financial regulation, Bird & Bird LLP All UK payment service providers should focus on implementing the FCAs operational resilience rules. Next steps/action required: Conduct a comprehensive evaluation of current payment processing systems to determine compatibility with ISO 20022 standards.

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Regulations ISO 20022 Cross-Border Legal 88