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Bank Of England Plans Panel To Standardize Payments Messaging

PYMNTS

continues its move to adopt the ISO 20022 payments messaging standard, the Bank of England is reportedly planning to create a panel aimed at streamlining the adoption of the standard for more efficient payments in the country. As the U.K. This is the latest initiative by the U.K. Earlier this year, the U.K.

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NEW REPORT: Minding Faster Payments Global Gaps

PYMNTS

The need for faster payments is transcending borders, with FIs in several major global regions making efforts to expand local access to speedier payments. These innovations not only promise to improve payment speed, but to also accelerate financial access and empowerment in different markets. . s payment systems.

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Blockchain Makes Headway Over Legacy X-Border Rails

PYMNTS

With its newest offering designed for legal cannabis businesses , AeroPay ‘s B2C and B2B payment tools aim to help companies in this market migrate away from manual and paper-based payment methods. Oxbury Loops Into Faster Payments. ” AeroPay Elevates The Bank Transfer.

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A Security Lapse Is Just A Bump In The Road To Faster, Better B2B Payments

PYMNTS

Cyberattackers were able to steal $81 million from the Bangladesh central bank by compromising the SWIFT messaging system , forcing the company — and financial services players everywhere — to take a renewed look at payments security measures. ” Payments Security.

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Banks’ Definitive B2B Payments Guide To Sibos

PYMNTS

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.

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