PYMNTS

JANUARY 26, 2021

In this week’s look at the latest in bank-FinTech collaboration, PYMNTS explores the newest initiatives around open banking to support corporate end-users, including the latest application programming interface (API)-driven initiative from Xero in South Africa. Citi Drives ISO 20022 Adoption With Volante.

ISO 20022 142

ISO 20022 ISOs Payment APIs and Integration Message Standards 142

The Payments Association

JANUARY 15, 2025

Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. This added transparency would bring cross-border functionality to domestic instant payments, aligning with the G20s roadmap and providing end users with a payments experience that is fast and secure.

SWIFT 88

SWIFT ISO 20022 Cross-Border Cross-Border Payments 88

PYMNTS

NOVEMBER 27, 2019

That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same. The world is moving more toward standards, and ISO is one of them,” said Halpin. Some systems don’t allow [a payment] to go to a real-time payment network.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

AUGUST 31, 2017

With initiatives like the Faster Payments Task Force and the Secure Payments Task Force, the Fed is pushing for innovation and progress in the nation’s payments infrastructure and market. Technology provides the opportunity to make big changes in how end-users use the payment system.”. There are a lot of challenges here.”.

Federal Reserve 64

Federal Reserve Innovation Secure Payments Task Force Faster Payments 64

Fintech News

JUNE 12, 2024

The Bank for International Settlements (BIS) Innovation Hub ‘s Point Zero Forum 2023 roundtable brought together key stakeholders and leaders from both the public and private sectors to discuss opportunities and challenges in cross-border payments.

Cross-Border Payments 121

Cross-Border Payments Cross-Border Interoperability Payments 121

PYMNTS

NOVEMBER 19, 2020

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. Payments Canada President and CEO Tracey Black said RTR will help both businesses and consumers drive long-term economic growth. Rapyd Combats Fraud Across Payment Rails.

B2B 104

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104

PYMNTS

AUGUST 7, 2020

The Fed is defining instant payments as a subset of payments in which an end user receives funds in near real time, with immediate interbank settlement of the payment also having occurred. But she added that such innovation has raised “fundamental questions” about legal and regulatory safeguards.

Fed 75

Fed Instant Payments FedNow Interbank Settlement 75