The Payments Association

JUNE 3, 2025

Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digital payments.

Security 88

Security Payment Security Payment APIs and Integration Credential 88

Fintech Finance

APRIL 11, 2025

Banks worldwide are managing complex, multi-year, multi-million-dollar modernization projects, including ISO 20022, SEPA Instant in Europe, and FedNow and RTP in the US. However, what isn’t changing is the complexity of payments modernization.

ISO 20022 64

ISO 20022 AI ISOs Payments 64

The Payments Association

MARCH 19, 2025

Ensure seamless payment integrations across multiple regions, supporting local schemes like SEPA, FedNow, FPS, and instant payments without complex workarounds. Deliver, or fail fast, fix, and move on!

Payment APIs and Integration 88

Payment APIs and Integration Innovation Cross-Border ISO 20022 88

Finextra

JUNE 18, 2025

The pilot demonstrated: No impact on customer experience: payment remained seamless at checkout. Interoperability across multiple domestic and international card schemes without cobadging constraints. The initial protocols were refined, expanded, and formalized into a globally recognized suite of ISO 20022-based standards.

ISO 20022 52

ISO 20022 Transactions Payment APIs and Integration Cross-Border 52

PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. Looking Toward Interoperability And Scale .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

The Fintech Times

JULY 15, 2024

By August 2023, the 50 largest banks in S witzerland must be capable of processing instant interbank payments, with all participants in the Swiss customer payment system expected to achieve this capability by the end of 2026.

Instant Payments 72

Instant Payments ISO 20022 Fraud Prevention Message Standards 72

Faster Payments Council

AUGUST 23, 2024

However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments. However, a recent survey by FPC and Finzly reveals a stark reality: two-thirds of financial institutions lack the capability to 'send' instant payments.

FPC 128

FPC ISO 20022 Federal Reserve Instant Payments 128

Fintech News

FEBRUARY 28, 2025

Yet, despite the rise of instant domestic payments, cross-border transactions remain slow, costly, and inefficient. Domestic instant payment systems (IPS), such as Malaysias DuitNow and Singapores PayNow, have revolutionised payments within their respective countries.

Cross-Border Payments 67

Cross-Border Payments Cross-Border ISO 20022 Payment APIs and Integration 67

Neopay

NOVEMBER 26, 2024

The clock is ticking for European banks as the EU’s mandatory instant payment regulations approach, but a recent survey by transaction data management specialist Intix reveals a worrying lack of readiness. By October 2025, institutions must also handle outgoing instant payments.

Instant Payments 52

Instant Payments ISO 20022 Regulations ISOs 52

PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. Lael Brainard said the coronavirus crisis has heightened the need for instant payments.

Fed 75

Fed Instant Payments FedNow Interbank Settlement 75

PYMNTS

DECEMBER 4, 2018

The payment messaging entity SWIFT this past week began implementing its SWIFTNet Instant service that is tied to the Eurosystem’s TARGET Instant Payment Settlement service. The service, as has been reported, lets customers make instant payments from inside the Single Euro Payments Area (also known as SEPA ).

Instant Payments 50

Instant Payments ISO 20022 SWIFT ISOs 50

Faster Payments Council

MARCH 15, 2023

With the system joining the existing RTP system, both promising to modernize the way money moves and allow for greater use of instant payments, it seems the shift to real-time payments is 'inevitable'. Whether we will see these services gain traction is tied to what many believe to be a major hurdle–interoperability.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

PYMNTS

NOVEMBER 10, 2020

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. For financial service providers, instant payments offers a chance to open up new revenue streams and develop new services for corporate clients.

B2B 117

B2B Real Time Payments Value Added Service ISO 20022 117

PYMNTS

OCTOBER 15, 2020

There’s no doubt that when it comes to large bulk payments, said Waterhouse, ACH has strong advantages for users and processing efficiency. But the faster payment systems are showing advantages, too, he said. All of these new instant payments systems around the world are being built on the ISO 2002 standard,” said Waterhouse.

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

PYMNTS

JUNE 16, 2020

The holy grail of payments modernization can be boiled down into to one word: standardization. As the financial services industry seeks to expand the use and value of instant payments linking cross-border transactions with always-on digital commerce, uniting far-flung stakeholders and fostering interoperability is key.

ISO 20022 72

ISO 20022 Cross-Border B2B ISOs 72

PYMNTS

AUGUST 21, 2020

Interoperability Is Key. To get there, interoperability is key, said Cunha. He pointed to standards seen with ISO 20022 as a guidepost for such CBDC interplay — whether retail or wholesale payments are being coordinated (at present most central banks’ CBDC initiatives are focused on wholesale payments).

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

The Fintech Times

JULY 9, 2024

The Open Identity Exchange and the Canadian non-profit Digital ID Authentication Council of Canada (DIACC) have committed to working together to advance global digital interoperability. iDenfy, a Lithuanian regtech company, has announced a strategic partnership with SIMPal, a telecommunication service provider.

ISO 20022 59

ISO 20022 FinTech ISOs Payroll 59

PYMNTS

DECEMBER 3, 2018

However, as Santamaria said, the challenges of bringing instant payment solutions to a pan-European audience — i.e., toward ubiquity — “lie not with the birth, but with the early times of the endeavor.”. Data formats rely on ISO 20022, as the EPC has stated in the past. Still Early Times. It’s early times indeed.

Instant Payments 62

Instant Payments ISO 20022 Online and Mobile Banking Use Case 62

PYMNTS

JANUARY 25, 2019

However, the current payments environment in the U.S. is fragmented, Richardson said, and faster payment systems can remove some of the headaches of managing payments data and reconciliation. He pointed to RTP — the only real-time payments rail currently available in the U.S. — as an example.

Real Time Payments 67

Real Time Payments Federal Reserve RTP TCH 67

Segpay

JUNE 13, 2024

Last year, the Federal Reserve launched FedNow, an instant payment service expected to revolutionize the US payment landscape. FedNow Key features include: Real-time Payments: Enables funds to be transferred instantly, 24/7/365. Interoperability: Designed to work alongside existing payment systems.

FedNow 52

FedNow Federal Reserve Real Time Payments Instant Payments 52

PYMNTS

AUGUST 5, 2019

Financial players’ attempts to address such issues include offering pre-validation services to confirm payment details prior to initiating payments, creating regional instant payment schemes or making domestic real-time payment systems interoperable to quickly move funds.

Cross-Border 46

Cross-Border ISO 20022 Cross-Border Payments Payment APIs and Integration 46

Seon

JULY 27, 2023

FedNow, the instant payment service that launched in the US on July 20, 2023, could bring significant new developments to your organization. Launched on July 20, 2023, the FedNow Service is an instant payment system created by the Federal Reserve for American households and businesses. What Is FedNow?

FedNow 40

FedNow Federal Reserve ISO 20022 Fraud Detection 40

PYMNTS

APRIL 14, 2017

Mastercard’s Malhotra said that as the card networks work, “we actually make these payments process within the blink of an eye.” But speed is not enough, he added, as payment rails also need to include better data and widespread availability around the clock and interoperability that can support open use cases.

ACH Network 42

ACH Network ACH Payments ISO 20022 42

Fintech Finance

APRIL 30, 2025

BPC , a global leader in payment solutions, today announced the launch of its latest white paper, ISO 20022 Migration 101: Steps and Strategies for Banks. With the deadline for mandatory global migration set for November 2025, banks worldwide are under increasing pressure to modernise their payment infrastructures.

ISO 20022 97

ISO 20022 ISOs SWIFT Financial Inclusion 97