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

PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . ISO 20022 introduced a range of data fields that allow transactional details to be remitted along with payments.

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

The Payments Association

JUNE 3, 2025

Das added that improved liquidity due to streamlined settlement processes will reduce the need for intermediary currencies and lower the transaction costs. Beyond technical proof points, these initiatives underscore the need for global interoperability. Yet, merchants, especially small businesses, face real hurdles.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

PYMNTS

APRIL 29, 2019

An interoperable cross-border solution could remove these frictions and provide smooth transfers between two real-time payment systems, while a single, globally accessible faster payments service could offer swift end-to-end transfers. Smooth communications between players must be supported if payment schemes are to be interoperable.

Interoperability 77

Interoperability ISO 20022 Instant Payments Cross-Border 77

Faster Payments Council

AUGUST 23, 2024

2:20pm-3:00pmMT: Concurrent Breakout Session – The Power of ISO 20022: Unlocking Efficiency and Global Reach in Payments (Capitol Ballroom 7) The world of payments is undergoing a major transformation with the adoption of ISO 20022. Speakers: Laura Sullivan, Form3; Kenneth T.P.

FPC 128

FPC ISO 20022 Federal Reserve Instant Payments 128

PYMNTS

OCTOBER 10, 2016

NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. 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. via all banks and credit unions.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

OCTOBER 12, 2020

As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function). Looking Toward Interoperability And Scale . The Timeframe .

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

PYMNTS

AUGUST 21, 2020

As many as 80 percent of the 66 central banks polled by the Bank of International Settlements said they were at some stage of CBDC development. Interoperability Is Key. To get there, interoperability is key, said Cunha. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept.

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

PYMNTS

NOVEMBER 2, 2020

Tech-driven Interoperability and collaboration will finally bring trillions of dollars into the digital age, Kevin Phalen , head of global business solutions at Visa , told Karen Webster in a recent interview. Interoperability will get a boost with messaging standards such as ISO 20022. That’s where the market’s going.

B2B 119

B2B Cross-Border Digital Currency Multi-Currency 119

Fintech Review

APRIL 9, 2025

and ISO 20022 Compliance With the recent launch of XDC2.0, XDC Network is ISO 20022 -compliant, aligning with the global messaging standard. ISO 20022 is an international standard for electronic data interchange between financial institutions. Powered by XDC2.0

ISO 20022 52

ISO 20022 ISOs Payment APIs and Integration TPS 52

The Payments Association

MAY 16, 2025

While merchants wont be regulated directly, accepting stablecoins as payment will require confidence in the legal status, settlement reliability, and AML compliance of the tokens and intermediaries involved. Next steps/action required: Consult with finance, IT, and ERP teams to confirm readiness for structured ISO 20022 fields.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

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. For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific.

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. As has been widely reported, ISO 20022 is known for carrying richer data in payments messages. Implementation began last Friday, Nov.

Instant Payments 50

Instant Payments ISO 20022 SWIFT ISOs 50

PYMNTS

JANUARY 2, 2019

Different countries operate on different messaging systems, a challenge that can be addressed by standards such as ISO 20022. Use cases that are gaining ground in Australia, Houseman said, include property settlement — purchases of houses, for example. There is definitely room for coexistence,” he said.

Real Time Payments 79

Real Time Payments RTP ISO 20022 Cross-Border 79

PYMNTS

OCTOBER 2, 2019

However, with real-time payment modalities, and through the messaging standard ISO 20022, data can be easily uploaded into firms’ billing systems. There are many “flavors of fast” across interoperable systems, like Same Day ACH transactions, real-time payments and several daily settlement windows available from the FED.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

AUGUST 7, 2019

“We obviously expect that the collective set of technology and the services that we’re buying can be further exported more widely across Europe and into other markets,” he said, with the goal to create an interoperable market of payments schemes that can facilitate account to account payments, in real time, across countries.

Visa 77

Visa Acquirers Real Time Payments ISO 20022 77

PYMNTS

MARCH 14, 2019

“If you look at cross-border payments, at the highest level they are the settlement engine for a rapidly globalizing economy,” said Kohli. “ Cross-border payments are becoming more important. With that preamble, I think it’s right to say cross-border payments have significantly changed over the last few years.”

Global Payments 77

Global Payments Cross-Border Payments Cross-Border ISO 20022 77

PYMNTS

APRIL 20, 2016

SWIFT maintains in the paper that more research is needed in order to make determinations over whether DLT systems would be fully interoperable with existing, legacy infrastructure; and whether DLTs work well across multiple counterparties.

SWIFT 40

SWIFT ISO 20022 IRS Regulatory Compliance 40

PYMNTS

JANUARY 25, 2019

The rail was built on the ISO 20022 messaging standard, which sends data and payments together. Richardson said this mechanism could help FIs to offer 24/7 year-round instant payments by ensuring that they have sufficient Fed account funds for around-the-clock settlement. However, the current payments environment in the U.S.

Real Time Payments 67

Real Time Payments Federal Reserve RTP TCH 67

PYMNTS

DECEMBER 3, 2018

Data formats rely on ISO 20022, as the EPC has stated in the past. Clearing and settlement mechanisms are automatic, he said. The overarching theme, though, is one of interoperability. The Spark, Then Ignition.

Instant Payments 62

Instant Payments ISO 20022 Online and Mobile Banking Use Case 62

PYMNTS

NOVEMBER 15, 2017

Many of the newer services in the payments ecosystem do not (yet) have real-time settlement infrastructure in place. Said the Fed’s Theien, the institution has done “quite a lot of work … looking to enhance settlements.” The Fed will consider offering extended services that can support a directory environment. .

Fed 44

Fed Faster Payments Federal Reserve ISO 20022 44

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

PYMNTS

SEPTEMBER 7, 2017

Industry collaboration will be critical to achieving goals of accelerated payments, the Fed said, with top challenges identified as “interoperability, ubiquity and accessibility” of faster payments capabilities. 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

Segpay

JUNE 13, 2024

Interoperability: Designed to work alongside existing payment systems. Settlement of these transactions often takes days, which impacts businesses and consumers. Technological Standards : The EU’s adoption of standardized messaging formats like ISO 20022 for SCT Inst set a technological precedent.

FedNow 52

FedNow Federal Reserve Real Time Payments Instant Payments 52

PYMNTS

APRIL 14, 2017

The ACH network also has evolved and is innovative relative to now having settlements in bank accounts” twice daily, which can be seen as an “internal type of innovation.”. Ubiquity and scale and standards, such as ISO 20022, are necessary to move money.

ACH Network 42

ACH Network ACH Payments ISO 20022 42

PYMNTS

NOVEMBER 3, 2020

The Fed and other central banks can get obsessed in the financial markets about monetary policy, but … the nuts and bolts of central banking is around payments and settlements. The end is as good a place as any to start getting a sense of the big themes taking shape, and how we can get there. That’s where the market’s going.

Checks 82

Checks B2B Payments Payment APIs and Integration 82

Fintech News

JANUARY 22, 2025

This shift underlines the global race to upgrade core systems, particularly with looming deadlines for regulatory mandates like ISO 20022. APACs focus on cross-border interoperability, in addition to domestic improvements, highlights the regions commitment to maximising the benefits of real-time payments. the previous year.

Real Time Payments 123

Real Time Payments APACS ISO 20022 Cross-Border 123

Fintech News

DECEMBER 15, 2024

These tests explored questions on the applicability of DLT for the Rupiah Digital, the integration of smart contracts for transaction efficiency, and the system’s interoperability with Bank Indonesias Real-Time Gross Settlement (BI-RTGS) system and other financial market infrastructures.

CBDC 113

CBDC Distributed Ledger Technology (DLT) ISO 20022 Cross-Border 113

The Payments Association

APRIL 14, 2025

Immediate focus areas include fraud prevention, ISO 20022 readiness, and stablecoin regulationbut longer-term success depends on active engagement with consultations, operational resilience, and global alignment. ISO 20022 also unlocks improvements in fraud detection, regulatory reporting, and data analytics.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88