PYMNTS

MAY 1, 2019

Volante explained that VolPay-as-a-Service supports management of a range of corporate enterprise resource planning and acknowledgement formats to streamline corporate customer on-boarding for financial institutions, automating the process of connecting businesses to payment service providers via API. financial institutions.

ISO 20022 66

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

PYMNTS

JULY 31, 2018

financial players are still exploring the best practices to offer faster payments to corporate clients. A recent survey of 20 of the nation’s top-60 banks found that there’s a lack of consensus among banks when it comes to managing and charging businesses for real-time payments. Around The Faster Payments World.

Real Time Payments 59

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

PYMNTS

AUGUST 13, 2019

The faster payments landscape is changing rapidly, most recently with the U.S. Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. Around the Faster Payments World. The country’s central bank announced that the rail processed 5.1

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

FEBRUARY 21, 2019

As has been reported, the European Payments Council said in November that it had launched a new SEPA instant payment scheme across P2P and B2B payments, among other offerings, settling transactions within seconds among participating countries. Faster Payments In Asia.

Cross-Border 76

Cross-Border Cross-Border Payments Real Time Gross Settlement (RTGS) Rules 76

PYMNTS

JANUARY 25, 2019

Some financial institutions (FIs) are seeking to help their corporate clients tap into real-time payments (RTP) to keep up the pace. . “We We might be at a tipping point in the market, [in which] the market just demands faster payments,” said Matt Richardson, head of product solutions at Citizens Bank. . as an example.

Real Time Payments 67

Real Time Payments Federal Reserve RTP TCH 67

PYMNTS

NOVEMBER 2, 2020

There’s a time and a place for all rails, and in an age where faster payment schemes are multiplying across the globe, it may seem that the payments ecosystem is simply on a never-ending treadmill of adding rails and never taking them away. Interoperability will get a boost with messaging standards such as ISO 20022.

B2B 119

B2B Cross-Border Digital Currency Multi-Currency 119

PYMNTS

AUGUST 7, 2019

Faster payments are quickening the pace of billion dollar acquisitions in the payments space. billion USD) to buy Nets, a Denmark based payments platform. Mastercard said Tuesday (Aug. 7) that it would spend 2.9 billion Euros, ($3.2 That commonality has been furthered a bit with the introduction of PSD2. The Use Cases.

Visa 77

Visa Acquirers Real Time Payments ISO 20022 77

PYMNTS

MARCH 14, 2019

Kohli pointed to SWIFT’s gpi initiative as a significant driver of innovation and progress in the cross-border transaction market, and an example of the impact of payments innovation to not only make global payments more efficient, but to promote the adoption of faster payments functionality.

Global Payments 77

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

PYMNTS

JULY 3, 2018

Checks will continue to be processed through the paper clearing system as well as the Image Clearing System, recently launched to support digital images of checks used for clearing and settlement. “This is our opportunity to create the future of retail payments in the U.K., The mergers and consolidations are part of the U.K.’s

Continuity 40

Continuity ISO 20022 Message Standards Faster Payments 40

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. .

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

AUGUST 28, 2019

Speaking The Same (Payments) Language. One of the most prominent payment industry trends to support real-time payments adoption is the focus on ISO 20022 payment message standardization, said Cooley. This is particularly true, he said, when supporting faster payment capabilities across borders.

ISO 20022 52

ISO 20022 B2B Real Time Payments ISOs 52

PYMNTS

SEPTEMBER 7, 2017

“Through the strategies and tactics outlined in this next steps plan, the Federal Reserve will support continued industry momentum toward safe, ubiquitous, faster payments for our country.”. According to the Fed, payments must not only be faster, they must also be safe and ubiquitous.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49

PYMNTS

AUGUST 7, 2020

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States.

Fed 75

Fed Instant Payments FedNow Interbank Settlement 75

PYMNTS

JUNE 13, 2018

The initiative, Payments Canada’s Executive Director, Modernization and CIO Jan Pilbauer said at the time, is “multifaceted, requiring a high level of engagement from players across the industry.”

Electronic Funds Transfer (EFT) 43

Electronic Funds Transfer (EFT) B2B Blockchain ISO 20022 43

PYMNTS

DECEMBER 4, 2018

The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. The service, as has been reported, lets customers make instant payments from inside the Single Euro Payments Area (also known as SEPA ).

Instant Payments 50

Instant Payments ISO 20022 SWIFT ISOs 50

PYMNTS

SEPTEMBER 13, 2018

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way. This embrace comes as corporates are just starting to work with faster payments.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Risk Same Day ACH 40

PYMNTS

MAY 8, 2017

Real-time payments initiatives are under way all across the globe, but there is little consistency across jurisdictions regarding how the financial services sector takes on the initiative or where each market is at in terms of progress in achieving real-time payments capabilities. In the U.S.,

Real Time Payments 46

Real Time Payments TCH ISO 20022 ACH 46

PYMNTS

SEPTEMBER 17, 2018

This is happening at the same time that other payments options are emerging — or have emerged — that enable a more certain, faster payments outcome in a more cost-effective manner. Same Day ACH leverages existing rails to enable same-day funds availability, discussing options to expand their settlement windows.

Rules 78

Rules Zelle Payments PayPal 78

PYMNTS

AUGUST 5, 2019

The European Payment Council’s Single Euro Payment Area Instant Credit Transfer (SCT Inst) system operates across countries, for example, and several southeast Asian nations entered a 2017 agreement to interconnect their own such networks. Other cases have seen banks explore distributed ledger technology to handle that messaging.

Cross-Border 46

Cross-Border ISO 20022 Cross-Border Payments Payment APIs and Integration 46