Remove Instant Payments Remove Interoperability Remove Real Time Gross Settlement (RTGS)
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Fedwire Migration: The Final ISO 20022 Milestone?

Finextra

0 30 July 2025 Be the first to comment Hussam Kamel Payments Architect Icon Solutions Location London Followers 0 Opinions 3 Follow Unfollow Global payments infrastructures have undergone a gradual but fundamental shift over the past decade: Moving away from legacy formats to adopt ISO 20022, the now de facto global standard for financial messaging.

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The Journey of Payments and Clearing Systems in India

Finextra

Early Electronic Initiatives (late 1980s/early 1990s): Limited electronic fund transfers began to emerge, mainly within banks or for specific corporate clients, but were not widely interoperable. Electronic Clearing Service (ECS) (1990s): Introduced for bulk, repetitive payments like salary disbursements and utility bill collections.

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Bank Of England Hires Accenture To Revamp Payments System With Eye On Digital Currency

PYMNTS

The Bank of England (BoE) is pushing ahead with an overhaul of a key part of the United Kingdom’s financial payments infrastructure. at the leading edge of payments innovation.”. high-value payment system,” the central bank said in a press statement. payments industry,” BoE’s Cleland said. “It

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

The letter highlighted the role of faster payments as a panacea to financial inclusion problems in the U.S. The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses.

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Banking Circle Enhances European Payment Capabilities with Swiss Interbank Clearing (SIC) Access

Fintech Finance

This latest development represents major progress in the bank’s mission to build a global payments platform with interoperability at its core and deliver instant, low-cost, scalable cross-border solutions across Europe. ” The CHF solution is live now, with full commercial rollout underway.

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Banking Circle Now Provides Access and Account Infrastructure for 5 of 12 Major Currencies in Europe

The Fintech Times

Banking Circle , the global clearing provider, has made major progress in its effort to build a global payments platform with interoperability at its core, as it strengthens its embedded financial infrastructure with direct access to the Swiss National Bank ‘s Swiss Interbank Clearing (SIC) system.