Trade Credit & Liquidity Management

MAY 29, 2025

However, the industry is moving toward best practices and standardized data formats such as ISO-20022 to ease cross-border invoicing. The Importance and Impact of ISO-20022 ISO 20022 is an international standard for financial messaging developed by the International Organization for Standardization (ISO).

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ISO 20022 ISOs Compliance Cross-Border 52

PYMNTS

MAY 31, 2018

Payments are getting faster, safer and smarter, as players ranging from established FIs to FinTechs work to move money in better ways than they did before. This makes interoperability that much more difficult to achieve. When you think about interoperability, a key element of that is standardization,” Throckmorton explained. “If

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ISO 20022 ISOs Interoperability NACHA 40

Fintech Finance

MAY 13, 2024

Finastra , a global provider of financial software applications and marketplaces, today announced it has completed testing and certification through the Federal Reserve for ISO 20022, becoming one of the first vendors in the industry to complete the process for multiple solutions.

ISO 20022 52

ISO 20022 ISOs FedWire Fed 52

PYMNTS

MARCH 16, 2016

When analysts from SWIFT and its ISO 20022 Registration Authority took a look at the various efforts behind adoption of the global messaging standard in 2014, a report found that while implementation projects were on their way across Europe, Russia and Africa, among the laggards were the U.S. in its faster payments initiatives.

ISO 20022 40

ISO 20022 ISOs Message Standards Cross-Border 40

PYMNTS

AUGUST 19, 2016

As SWIFT continues to promote the adoption of the ISO 20022 payments messaging standard across financial institutions, the company said it is zeroing in on the potential for ISO 20022 harmonization in the high-value payments space. To highlight that potential, SWIFT revealed on Thursday (Aug.

ISO 20022 40

ISO 20022 ISOs SWIFT Message Standards 40

PYMNTS

AUGUST 16, 2019

The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. Despite ISO 20022’s potential, there are barriers to it becoming the universal standard. and Australia’s NPP. Challenges Aren’t Universal.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

OCTOBER 10, 2016

ISO 20022, which is designed to set the tone for global financial industry messages, provides a standardized approach to building messaging standards across financial services. “They are trying to maintain interoperability from a global perspective and also trying to achieve that standardization,” he explained.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

SEPTEMBER 11, 2019

In June, the Chinese digital payment player Alipay and a handful of European mobile wallets announced a partnership to promote QR code payment interoperability. How Cross-Border Payments Are Made. Other initiatives are being spearheaded across regions.

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Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

PYMNTS

NOVEMBER 10, 2020

One of the biggest opportunities is in the ability for real-time payments technologies to not just move money quicker, but to also move rich data along with the transaction, particularly amid spreading adoption of the ISO 20022 payments messaging standard.

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B2B Real Time Payments Value Added Service ISO 20022 117

The Payments Association

MAY 16, 2025

ISO 20022 for cross-border payments (Mandatory by 22 November 2025) The global migration to ISO 20022 as the standard for cross-border payments messaging becomes mandatory on 22 November 2025. If implemented correctly, enhanced payment traceability can reduce disputes and costs.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

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 ).

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Instant Payments ISO 20022 SWIFT ISOs 50

PYMNTS

MAY 12, 2020

National Institutional Facilitation Technologies (NIFT) and B2B FinTech Haball are collaborating to develop a new digital payment rail to facilitate B2B transactions in Pakistan, the companies recently announced. PYMNTS’ Deep Dive Into The Digital Paper Mix.

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B2B Same Day ACH FedNow Federal Reserve 52

Seon

JULY 27, 2023

The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network. This payment message either goes directly to the FedNow Service or via a service provider. That bank confirms its willingness to accept the payer’s outgoing payment.

FedNow 40

FedNow Federal Reserve ISO 20022 Fraud Detection 40

The Payments Association

APRIL 14, 2025

Understanding whats coming allows payments firms to mitigate risk, meet compliance obligations, and capitalise on strategic opportunities in a shifting regulatory environment. The payments landscape is entering a defining phase of regulatory transformation. What’s next?

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88