Payments Source

DECEMBER 2, 2020

After tests with several banks that established Swift's ability to connect its Global Payments Initiative faster payments rail to domestic networks, the financial and messaging standards organization is activating the service in the U.K.

Cross-Border Payments 116

Cross-Border Payments SWIFT Cross-Border Message Standards 116

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.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

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

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. “Anything new that comes out will almost certainly be with this standard,” Carlsson said of 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.

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

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

PYMNTS

SEPTEMBER 7, 2017

Efficiency is closely linked to digitization, so the Fed’s efforts to promote payments efficiency mean promoting the use of electronic payments. This includes the implementation of ISO 20022 messaging standards across organizations like NACHA and SWIFT.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49