The Fintech Times

OCTOBER 19, 2024

Broadridge Financial Solutions , the investor communications and technology-driven solution provider, has launched a new managed service for connectivity, message processing and workflow management for instant payments.

Instant Payments

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

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

Fintech News

OCTOBER 15, 2024

The Drivers of Change Source: Adobe Stock ISO 20022 has become the global standard for payments messaging, with two-thirds of real-time payment systems around the world already using it, according to Mastercard. The need to modernise payment infrastructures is critical in this age of instant money transfers.

ISO 20022

PYMNTS

NOVEMBER 30, 2018

SWIFT , a payment messaging firm based in Belgium, began implementing its SWIFTNet Instant service for the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service on Friday (November 30), when the first banks using it went live, according to a report by the company.

SWIFT

PYMNTS

APRIL 9, 2020

Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard. ” Reports noted the importance of SWIFT expanding into the SMB payments arena beyond high-value complex corporate transactions.

Payment APIs and Integration

PYMNTS

NOVEMBER 13, 2020

As real-time payments make their way to ubiquity in markets around the globe, more small- to medium-sized businesses ( SMBs ) are exploring how instant transactions may be able to add value to their own operations.

Real Time Payments

The Paypers

JUNE 15, 2017

(The Paypers) SWIFT has announced a new instant payments messaging solution for the European market.

Instant Payments

PYMNTS

OCTOBER 17, 2018

In collaboration with Yandex.Money , Sberbank and Yandex’s electronic payments joint venture, Sberbank has reportedly launched a B2B payments system that facilitates transactions within minutes, rather than the one to three days it usually takes, according to Telecompaper reports on Wednesday (Oct.

B2B

Faster Payments Council

SEPTEMBER 12, 2022

How can we look to this rapidly growing business for new use cases for instant payments? A robust information exchange framework with common standards and protocols is a step toward enabling e-invoices and e-remittances support for instant payment messages in the United States.

FPC

Fintech News

DECEMBER 10, 2023

The challenge in international payments primarily revolves around ensuring data accuracy at every step of the payment chain. Edward spoke of the pivotal role of data and technology in creating and validating payment messages. Push payment fraud, where funds are transferred to fraudulent accounts, is a significant concern.

Addressing

PYMNTS

APRIL 24, 2019

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a payment messaging firm, has chosen Javier Pérez-Tasso as its new chief executive officer, according to a press release. Pérez-Tasso previously served as chief marketing officer for the organization.

SWIFT

PYMNTS

JULY 9, 2020

In a PYMNTS interview , Tim Coats, Oxbury co-founder, chief customer and regulatory officer, said Faster Payments will become a key rail for the farming and agricultural space to accelerate cash flow through its supply chain. SWIFT Certifies Fiorano ISO 20022. Steamchain Lands Investment For Blockchain Tech.

ISO 20022

PYMNTS

AUGUST 8, 2018

Payments messaging service SWIFT has received clearance to provide access to the Eurosystem’s TARGET Instant Payment Settlement (TIPS) payment scheme, the company said Tuesday (Aug. Both schemes facilitate instant domestic payments. .

SWIFT

Fintech Finance

MAY 14, 2024

On 7th February 2024 the European Parliament[i] mandated that instant payments (in less than 10 seconds) should be the de facto standard for consumers and businesses in the SEPA zone, with a deadline set of 9th January 2025 to deliver this service.

IBAN

PYMNTS

MARCH 9, 2020

Real-time payment rails can gain ubiquity once third-party developers start leveraging them for new apps and other services. The instant payments ecosystem is quickly evolving, with new uses and entirely new rails continuing to emerge. Proving Value.

RTP

PYMNTS

MAY 29, 2019

Meanwhile, the Reserve Bank of Australia and the Australian Payments Council are considering the migration of payment services to ISO 20022, which could bring them more in line with other countries’ payment messaging strategies. Deep Dive: Real-Time Payments’ Impact on Liquidity Management.

ISO 20022

PYMNTS

NOVEMBER 18, 2020

One of the reasons that the RTP network, and instant payments in general, are a good thing for businesses to use for B2B payments is that it allows the business to have much more control over the payment process," he explained. But certain trends are emerging. It's not just about the speed.".

RTP

PYMNTS

NOVEMBER 3, 2020

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. Smaller FIs Drive Real-Time Demand.

Use Case

PYMNTS

AUGUST 9, 2018

Payments infrastructure news tends to be global in scope, as firms and stakeholders eye efficiency and speed in transacting in new and existing markets far-flung in nature. The access becomes official on November 30, with financial firms able to connect after the launch of SWIFTNet Instant.

Cross-Border

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

PYMNTS

OCTOBER 10, 2017

While each region may have its own factors driving adoption of digital B2B payments, Capgemini and BNP Paribas did find commonalities in the factors preventing adoption. Banks must embrace this opportunity to enhance their offerings in collaboration with FinTechs and third-party developers.

B2B

PYMNTS

NOVEMBER 19, 2019

He cited other risk-reduction programs that cut across the banking ecosystem including SWIFT’s customer security program, which mandates that every institution, including corporates, connected to the payment messaging system have a minimum set of controls — and participants need to attest the controls that are in place.

Fraud Prevention

PYMNTS

SEPTEMBER 24, 2019

Below, PYMNTS looks at the latest news in cross-border payments innovation as industry players complete, collaborate and innovate. SWIFT gpi Links Into Real-Time Payments. Payments messaging firm SWIFT announced Monday (Sept.

SWIFT