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Visa’s Phalen: Better Collaboration Will Push B2B Payments Into The Digital Age

PYMNTS

Interoperability will get a boost with messaging standards such as ISO 20022. Delving Into Digital Currencies. Phalen noted that the discussion is accelerating around the creation and adoption of digital currencies — with some important stakeholders getting on board.

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Keeping Up with the Pace: Modernising Payment Systems

Fintech News

The necessity for modernisation is driven by several key factors, including the migration to ISO 20022, the rise of Open Banking and the introduction of Central Bank Digital Currencies (CBDCs). With the rapid evolution of payment methods and regulations, banks must stay ahead of the curve or risk being left out of the game.

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Championing Swift Connectivity for Private Banks and Asset Managers in APAC

Fintech News

The Role of Swift in the Securities Space It is important to highlight Swift’s extensive role beyond cross-border payments, noting that approximately 50% of Swift traffic is related to securities, with peaks reaching 26 million messages per day.

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Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

The partnership supports Payment Canada's need for RTR to enable ISO 20022 messaging standards and remain in compliance with the Bank of Canada 's risk management standards for payment systems, an announcement revealed.

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B2B Use Cases Drive Up Real-Time Demand

PYMNTS

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. China Touts Proprietary Digital Currency. As that pilot progresses, J.P.

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

She said that broad access will also come with interoperability, as the Fed will use the widely accepted ISO 20022 messaging standard to help route payments through FedNow or other payment services. He added that the service will provide additional reporting and messaging features as implementation takes shape.

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Blockchain Tracker: Edits, Approvals, Music & Bono

PYMNTS

In fact, Santander may not agree with England’s bank because it wants to offer customers digital money powered by blockchain. Perhaps similar to Venmo, but the digital currency, which is now known as “Cash ETH,” would only be used for smaller everyday transactions, such as a morning coffee or filling up at the pump.