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SWIFT: The Road To ISO 20022 Adoption

PYMNTS

Fed up with disparate standards and poor data plaguing the cross-border payment lifecycle, and in need of a financial standard that would be rich, granular and consistent, the International Organization for Standardization launched a standard for the future: ISO 20022. In 2004, financial institutions around the world had had enough.

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Moving Data With Money The Key To Faster KYC: identitii

PYMNTS

In an earlier interview with PYMNTS, Ben Peters, chief operating officer at insurance payments solutions company VPay, said a lack of remittance data may be partially to blame for ACH’s lack of ubiquity. But even as regulators like the Fed in the U.S.,

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Ticking Off The Boxes On The Fed’s Checklist Of B2B Payments Priorities

PYMNTS

Payment System ” report, published last September, the Fed called for the creation of a B2B directory to simplify and standardize business payment information. Looking ahead, there will be more questions, of course, about corporate participation in the directory, effectiveness of data privacy and security measures, and functionality of DLT.

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