PYMNTS

NOVEMBER 19, 2020

That includes advancements in Canada's upcoming Real-Time Rail, as well as adoption by Transcard of Mastercard's Track Business Payment Service to facilitate real-time, account-to-account transfers for businesses. One blockchain company that is wielding the technology to facilitate the movement of funds is BitPay.

B2B

The Fintech Times

JULY 15, 2024

“Finastra is helping banks implement instant payments in the most seamless and cost-effective way using the latest technologies to deliver robust sanctions screening and fraud prevention,” said Andreas Helbling, country head Switzerland, financial messaging marketplaces at Finastra.

Instant Payments

PYMNTS

JANUARY 17, 2017

Dubbed the Faster Payments Standards Library, the resource is a free, HTML-based standard model to ease friction in the shift towards the ISO 20022 payments messaging standard, which Faster Payments and other payment schemes across the globe have agreed is critical to global adoption of real-time, international payment capabilities.

Faster Payments

Fintech Finance

MAY 13, 2024

The certification, which enables and supports compliance to ISO 20022 messaging standards for Fedwire, applies to four of Finastra’s payment processing solutions, facilitating increased innovation for financial institutions across the United States.

ISO 20022

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has taken recent steps to promote interoperability of its payments network, recently announcing that it would allow blockchain platforms to loop into SWIFT’s global payments innovations (GPI) service to facilitate real-time transactions. Across the pond, meanwhile, the U.S.’s

Interoperability

PYMNTS

JULY 9, 2020

That was the motivation behind connecting marijuana firms to what AeroPay describes as its “smart bank transfers,” which facilitate the movement of richer, more integrated transaction data between parties that a standard ACH transaction wouldn’t provide, the company noted. SWIFT Certifies Fiorano ISO 20022.

ISO 20022

Open Banking

JUNE 28, 2024

Open Banking Limited (OBL) is pleased to announce the publication of the Open Banking Standard version 4.0, This is the first major release since 2018 and includes important mandatory updates to the security profile and widely recognised international messaging standards (ISO 20022). following approval by the Trustee.

ISO 20022

PYMNTS

APRIL 25, 2019

The partnership will facilitate instant account-to-account payment between financial institutions, consumers and businesses. It will also enable instant peer-to-peer money transfers between friends and family via smartphones, the companies noted, adding that the system was developed on ISO messaging standards.

Real Time Payments

PYMNTS

NOVEMBER 13, 2020

In Canada , one of the most popular means of instant payments is the Interac eTransfer service, which facilitates real-time movement of funds from one account to another.

Real Time Payments

PYMNTS

NOVEMBER 2, 2020

Interoperability will get a boost with messaging standards such as ISO 20022. Now it’s many more, and we’ve got to be able to facilitate trade for them.”. Depending on the use case and the corporate need, he told Webster, supporting different rails makes sense. Thus there’ll be no need to pivot to a single set of rails.

B2B

PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . More precise payment information could also facilitate quick, straight-through processing. .

ISO 20022

PYMNTS

SEPTEMBER 11, 2019

Some of the most commonly used cross-border digital payment solutions employ application programming interface (API) technology, which can facilitate the exchange of information between otherwise disconnected systems. APIs serve as bridges connecting national or regional real-time payment rails.

Cross-Border Payments

PYMNTS

APRIL 11, 2018

The Request for Payment program uses the ISO 20022 messaging standard to facilitate eInvoicing and receive ACH payments that correspond to that bill. percent higher than similar volume reported in 2016. Last month, NACHA announced it was launching a new initiative to make B2B ACH payments more efficient.

ACH Network

PYMNTS

AUGUST 7, 2019

“We obviously expect that the collective set of technology and the services that we’re buying can be further exported more widely across Europe and into other markets,” he said, with the goal to create an interoperable market of payments schemes that can facilitate account to account payments, in real time, across countries.

Visa

PYMNTS

NOVEMBER 18, 2020

Use of the ISO 20022 payments messaging standard is a "game-changer," Ledford added, thanks to its ability to not only move data along with funds, but to also ensure that the information is easily ingestible into back-office systems.

RTP

PYMNTS

AUGUST 21, 2020

For the financial services world to address businesses’ global payments needs, Conibear said they must take a holistic approach that goes beyond facilitating cross-border payments or improving upon legacy payment rails. Beyond Payments Initiation.

Multi-Currency

PYMNTS

APRIL 19, 2017

Those transactions will be fully compliant with the European Payment Council’s SCTInst Scheme and aligned with ISO 20022 global payment messaging standards, reports added. Intesa Sanpaolo first partnered with Dovetail in 2012 and first offered a look into their European payments initiative a few months later.

Real Time Payments

PYMNTS

MAY 12, 2020

Eastern Standard Time, the company said. In addition to supporting the enhancement of the ACH legacy payment rail, GreenBox is embracing a newer infrastructure to facilitate these payouts. The deposits enable companies to access their money on the same day if funds are requested before 11 a.m.

B2B

Fintech Review

APRIL 9, 2025

XDC Network is ISO 20022 -compliant, aligning with the global messaging standard. ISO 20022 is an international standard for electronic data interchange between financial institutions. It enables richer, structured, and more secure messaging for payments, clearing, and settlements.

ISO 20022

PYMNTS

JANUARY 17, 2018

16), is with Yes Bank, which will leverage HashCash’s HC NET blockchain network to deploy a corporate payments solution that can facilitate cross-border transactions. The promise of the technology on paper is great, but it is currently missing a key component around standardization.

Blockchain

PYMNTS

MAY 3, 2016

The worldwide adoption of the ISO 20022 payments messaging standard, too, was cited as a major facilitator of upgrades and changes in banks’ payments infrastructure and practices, researchers found.

ISO 20022

PYMNTS

JULY 3, 2018

Faster Payments Scheme will see the implementation of the international messaging standard known as ISO20022. In the decade since, the system has been used to facilitate more than 9.1 Offering smoother cross-border payments is also the motivation behind a recent faster payment development for the U.K.’s s payment systems.

Faster Payments

PYMNTS

AUGUST 1, 2018

King was involved in the strategy forum that proposed this plan, and said that drawing the schemes together will help create a more holistic, standardized approach for the country’s payments. This would also facilitate applying common messaging standards, best practices, updates and improvements across different payment types. “It

Faster Payments

The Paypers

MAY 2, 2025

Finastra has introduced a Transformation Service designed to facilitate the conversion of MT formatted messages to the new ISO 20022 MX messaging standard.

ISO 20022

The Payments Association

APRIL 14, 2025

Related links: Financial promotion rules for cryptoassets Financial promotions data 2024 Top regulatory priorities for the payments sector Mandatory adoption of ISO 20022 for cross-border payments (final preparations Q2) The transition to ISO 20022 for cross-border payments is a fundamental shift in global financial messaging standards.

Regulations