PYMNTS

NOVEMBER 27, 2019

The ISO 20022 payments messaging standard — and faster payment networks’ adoption of it — has proven to be a significant value-add to financial service providers’ faster payments offerings. A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

The Payments Association

JUNE 3, 2025

As Nilixa Devlukia, CEO at Payments Solved, observes, these projects illustrate the benefits of shared infrastructure, adding that technical standards are beneficial to building interoperable CBDCs that function seamlessly across borders and jurisdictions.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

The Payments Association

JANUARY 22, 2025

Airlines already have mobile boarding passes generated at check-in to expedite boarding, and some work has been done within the airline mobile application; United is a good example use case, eliminating a traditional ID requirement at check-in including baggage. Security does allow passengers to opt out of any biometric identification.

Security 88

Security Online and Mobile Banking Credential Verification 88

Fintech Finance

JANUARY 11, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

Faster Payments Council

AUGUST 23, 2024

Financial Institutions are enabling use cases and improving send reach that allows customers to manage their cash on hand and easily disburse payments up to the due date while maintaining a positive account status and avoiding late fees. Speakers: Laura Sullivan, Form3; Kenneth T.P.

FPC 128

FPC ISO 20022 Federal Reserve Instant Payments 128

PYMNTS

OCTOBER 15, 2020

Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a use case “that’s going to tip the scale here.” But he pointed to a use case that might be a bit under the radar. Interoperability In Focus .

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

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

AUGUST 21, 2020

And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. Interoperability Is Key. To get there, interoperability is key, said Cunha. Digital dollars are a maybe – but if so, not for a while. No Race To Rollout .

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

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

Banks must understand that shift in order to uncover the most valuable B2B use cases, he said – and that means not only embracing new payments technology, but also adopting new business models that can address the shifting needs of corporates. Uncovering The B2B Use Cases. A Payments Culture Shift.

B2B 117

B2B Real Time Payments Value Added Service ISO 20022 117

PYMNTS

OCTOBER 12, 2020

These comment letters highlighted the need for features to address accessibility, interoperability, security, liquidity, and fraud prevention,” Montgomery said. Looking Toward Interoperability And Scale . Interoperability is a core component” of FedNow, said Montgomery.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

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. Depending on the use case and the corporate need, he told Webster, supporting different rails makes sense.

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

PYMNTS

AUGUST 7, 2019

The Nets deal, he recounted, follows logically from recent acquisitions, like Vocalink, where infrastructure was the focus but now looks toward applications and new use cases as revenue drivers. The Use Cases. The second use case on offer revolves around bill presentment and payment.

Visa 77

Visa Acquirers Real Time Payments ISO 20022 77

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. Signing On, With ROI in Sight.

Real Time Payments 79

Real Time Payments RTP ISO 20022 Cross-Border 79

PYMNTS

NOVEMBER 18, 2020

Not all that long ago, the first use cases of faster payments were promoted and embraced by payments-focused firms such as payroll providers or third-party payment processors. Scaffidi said the security and transparency embedded in ISO 20022 are especially valuable for cross-border B2B payments. “If

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98

PYMNTS

OCTOBER 2, 2019

The increased use and adoption of P2P technologies, like Zelle and Venmo, demonstrates the consumer demand for this type of frictionless payment option. Settling funds faster, no matter the use case, benefits the entire ecosystem, and takes liquidity risk out of the equation. The financial institutions in the U.S.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

DECEMBER 12, 2019

There are some really strong use cases [of real-time payments] that could address inefficiencies in government payments, if you look at it from a perspective of what the government could get done in areas like tax payments and disbursements like social security,” said Killam. “You What’s especially noteworthy in the current U.S.

RTP 72

RTP Real Time Payments Faster Payments Cross-Border 72

Fintech News

AUGUST 23, 2024

The summit will focus on two key themes, AI and blockchain, and will explore visionary ideas, showcase real-world use cases, and discuss the foundational elements necessary for driving purpose-driven innovation in the financial market.

APACS 130

APACS FinTech Participant ISO 20022 130

PYMNTS

DECEMBER 3, 2018

On the one hand,” he said, the initial uptake of the SEPA scheme shows that that “makes sense,” and that initial use cases and transaction limits (more on both in a moment) satisfy at least some demands coming from the markets. Data formats rely on ISO 20022, as the EPC has stated in the past. The Spark, Then Ignition.

Instant Payments 62

Instant Payments ISO 20022 Online and Mobile Banking Use Case 62

PYMNTS

APRIL 14, 2017

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. Ubiquity and scale and standards, such as ISO 20022, are necessary to move money.

ACH Network 42

ACH Network ACH Payments ISO 20022 42

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