PYMNTS

NOVEMBER 10, 2020

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. Uncovering The B2B Use Cases.

B2B 117

B2B Real Time Payments Value Added Service ISO 20022 117

PYMNTS

APRIL 29, 2019

Many countries around the world are rolling out instant payments schemes that bring speed and convenience to payments made within their own borders. Unfortunately, those benefits are often limited when it comes to cross-border payments. Privately-owned companies are also looking to solve the cross-border payments problem.

Interoperability 77

Interoperability ISO 20022 Instant Payments Cross-Border 77

PYMNTS

OCTOBER 10, 2016

23, the industry welcomed the rollout of ubiquitous faster payments to every consumer and business in the U.S. NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. via all banks and credit unions. The Road To Process Improvement.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

MARCH 12, 2018

“By definition, when you make a payment, you need to know who the other party is. Otherwise it is an illegal payment. And so we’ve got a brilliant technology [bitcoin] with a use case that just does not exist.”. That license, so to speak, does not exist with blockchain technology.

Faster Payments 44

Faster Payments Central Bank Cross-Border Payments 44

PYMNTS

MAY 1, 2019

Payments processing and financial message integration company Volante Technologies is expanding its Payments-as-a-Service offering for financial institutions in the U.S. and cross-border payments. . The technology operates on the Microsoft Azure platform. financial institutions. 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

DECEMBER 12, 2019

continues to take significant steps toward a faster payments ecosystem , the market undoubtedly lags behind others across the world in the path toward real-time payments ubiquity. is behind, and not because of technology constraints,” Killam said. “If Though the U.S. unlike markets like the U.K.

RTP 72

RTP Real Time Payments Faster Payments Cross-Border 72

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 About the Tracker.

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

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.

B2B 104

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

PYMNTS

AUGUST 31, 2017

With the financial services space shifting from a competitive nature to a collaborative spirit between traditional banks and emerging FinTechs, one major stakeholder in the payments industry has quietly been an integral part of this co-op: the Federal Reserve. Two in particular, he said, are technology and payer habits. “It’s

Federal Reserve 64

Federal Reserve Innovation Secure Payments Task Force Faster Payments 64

PYMNTS

JULY 9, 2020

Oxbury Loops Into Faster Payments. earlier this year, recently announced a partnership with ClearBank that will enable the company to gain access to various payment schemes. The ISO 20022 payments messaging standard is a key focus for payments innovators looking to improve upon legacy payment rails.

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

PYMNTS

MARCH 17, 2020

Simply put, the back-office systems are ill-equipped to handle the demands of technological innovation, especially as financial services cross channels. As Caldeira told PYMNTS, “You need to integrate all these networks together to exchange the messages … nothing else can happen without industry-level agreements.”.

Cross-Border 91

Cross-Border Innovation Cross-Border Payments Payment APIs and Integration 91

PYMNTS

MARCH 14, 2019

While this trend has disrupted legacy business models, it has also opened up opportunities for cash managers to embrace new technologies and drive efficiencies through things like smart devices and growing cloud computing power. And that’s all about using technology-based services to re-engineer treasury activities.”

Global Payments 77

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

PYMNTS

NOVEMBER 18, 2020

Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies. That said, the U.S.

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98

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

AUGUST 28, 2019

Paper checks are often pointed to as an example of how difficult it can be for corporates to change their payment behaviors. With newer digital, automated payment technologies emerging in the B2B space, businesses continue to stick to what’s familiar: paper. Speaking The Same (Payments) Language.

ISO 20022 52

ISO 20022 B2B Real Time Payments ISOs 52

PYMNTS

JANUARY 17, 2017

Alongside the expansion of payments technologies, payment testing service providers have had to grow and flex to meet market needs. That’s a tricky, inefficient way to test the reliability, compliance, speed and other metrics of payments technologies, especially when demands for faster, more efficient payments are inescapable.

ISO 8583 49

ISO 8583 ISO 20022 ISOs Faster Payments 49

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. And there’s no connectivity without the networks and technology that underpin it all.

B2B 119

B2B Cross-Border Digital Currency Multi-Currency 119

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 is becoming more prominent, but many FIs must adopt it before its interoperability can be fully realized.

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

AUGUST 1, 2019

In the latest Smarter Payments Tracker , PYMNTS takes a deep dive into the challenge of interoperability in achieving better cross-border payments services and experiences. Across the pond, meanwhile, the U.S.’s

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

JUNE 13, 2018

. “Today’s commercial payments infrastructure in Canada is built on many layers of outdated technology and processes that are needlessly complex and time-consuming, not to mention error-prone and labor-intensive,” said PayStand CEO and Founder Jeremy Almond in the statement.

Electronic Funds Transfer (EFT) 43

Electronic Funds Transfer (EFT) B2B Blockchain ISO 20022 43

PYMNTS

OCTOBER 22, 2019

But it can offer opportunities for executives who embrace technological innovation as global supply chains are increasingly interconnected. Connecting those supply chains across borders also means executives must think about payments in a different way, especially when managing transactions across time zones and currencies.

Cash Management 41

Cash Management ISO 20022 Message Standards Faster Payments 41

PYMNTS

SEPTEMBER 10, 2019

The forum is a call to action for key industry stakeholders to tackle friction in the $125 trillion-worth of global payments volume flowing between businesses around the world. B2B Payments’ Innovation Agenda. The answer is complex because B2B payment solutions must be multifaceted and flexible enough to meet an array of needs.

B2B 59

B2B Cross-Border Payments Payer 59

PYMNTS

AUGUST 16, 2019

The cross-border payment space is ready — and perhaps overdue — for disruption. Change is being fueled by shifting regulations and emerging digital technologies that enable faster payment capabilities. Effective cross-border payments need systems that enable them to shift away from legacy infrastructure.

Cross-Border Payments 54

Cross-Border Payments Cross-Border ISO 20022 Interoperability 54

PYMNTS

SEPTEMBER 23, 2019

As businesses continue this shift, it is no longer safe to assume that corporates are not interested in faster payments. Indeed, 55 percent of corporate professionals say real-time payments is their top B2B payments service priority, PYMNTS and American Express note in their latest Securing B2B Payments Report.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

MAY 3, 2016

A new report from ACI Worldwide , in conjunction with Ovum, finds banks of all types are deep in the hustle of competition and innovation as payments technologies evolve. According to ACI, the entire payments sphere is interconnected. Real-Time Payments A Bust? Geographical Insight .

ISO 20022 40

ISO 20022 Real Time Payments Payments Non-Bank 40

PYMNTS

JULY 25, 2016

The push to adopt a messaging standard that is truly global — that would be ISO 20022 — stops at the U.S. As has been much documented, Europe has embraced the payments initiative, which expands messaging capabilities and has as its central core tenet standardized (but flexible) messaging across FX, transactions and payments rails.

ISO 20022 40

ISO 20022 ISOs Federal Reserve Message Standards 40

PYMNTS

JANUARY 20, 2017

EBA Clearing, set to launch its real-time payment service across Europe later this year, has officially commenced the testing phase of its technology. 19) that its service is compliance with the European Payments Council’s (EPC) SCTInst Scheme, a instant credit transfer payment scheme, and is aligned with ISO 20022 messaging standards.

Real Time Payments 40

Real Time Payments ISO 20022 Payments Tools Message Standards 40

PYMNTS

AUGUST 7, 2020

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.

Fed 75

Fed Instant Payments FedNow Interbank Settlement 75

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. Innovators are using existing rails, new technologies and new fraud and risk models to push funds into merchant accounts the instant sales are made.

Rules 78

Rules Zelle Payments PayPal 78

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., For instance, in the U.K.

Real Time Payments 46

Real Time Payments TCH ISO 20022 ACH 46

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