PYMNTS

MARCH 16, 2020

Cross-border payments via Swift’s ISO 20022 migration, originally set to roll out by November 2021, have now been set back a year and are expected to come by the end of 2022 instead, according to reports. ISO 20022 is set to make changes to the payment landscape as a whole, according to the company.

ISO 20022 78

ISO 20022 ISOs SWIFT Cross-Border Payments 78

PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. Among corporates, there is an increasing demand that their global payment activity is able to keep up with the pace of doing business. The Community Approach to Ubiquity.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

OCTOBER 7, 2020

Through collaboration with over 20 financial institutions and a number of vendors, we will enable these customers to make fast, easy, predictable and competitively priced payments all around the world via their banks.”. Oracle and SWIFT share a history of collaboration.

Cross-Border Payments 145

Cross-Border Payments Cross-Border SWIFT ISO 20022 145

PYMNTS

JUNE 20, 2016

The Federal Reserve is pushing for adoption of the ISO 20022 global payments messaging standard, a move industry analysts say could streamline B2B payments, especially cross-border. “The wire infrastructure will be the first infrastructure to abandon its propriety formats and move to ISO 20022.”

ISO 20022 40

ISO 20022 ISOs Fed AFP 40

PYMNTS

AUGUST 13, 2019

Financial messaging service provider SWIFT , for one, recently tested an effort to send money instantly between countries’ real-time payment systems. Facebook, meanwhile, announced its forthcoming cryptocurrency, Libra , which some observers expect could be used as a global currency, thus potentially removing the need for foreign exchange.

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

AUGUST 21, 2020

There are signs that the wheels are beginning to churn once again, however, and though not every industry will recover at the same pace, there is evidence that global trade is once again on the rise. Yet as cross border trade picks back up, the foreign exchange and global payments needs of businesses will intensify.

Multi-Currency 69

Multi-Currency Cross-Border Payments Cross-Border Finance 69

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 40

Real Time Payments ISO 20022 Cross-Border Payments Cross-Border 40