PYMNTS

APRIL 30, 2020

The combination will achieve that goal through a Contextual Funds Transfer (CFT) payment rail, connected to the businesses’ enterprise resource planning (ERP) and supply chains, which would ultimately create interoperability for business payments and more visibility.

B2B

PYMNTS

OCTOBER 1, 2018

According to NACHA , the B2B directory will be structured as a network of credentialed service provider “sub-directories,” in which trusted and validated payee information will be stored. Credentialed service providers will allow access to the stored electronic payment information, including ACH payment details and other payment methods.

NACHA

PYMNTS

MAY 31, 2018

This makes interoperability that much more difficult to achieve. When you think about interoperability, a key element of that is standardization,” Throckmorton explained. “If ISO is about interoperability, but the selling point for standardization is also one of great efficiency,” he said. About the Tracker.

ISO 20022

PYMNTS

MAY 30, 2018

Inside the new Smarter Payments Tracker , PYMNTS explores the latest interoperability developments that are helping banks and FinTechs open up new lines of communication and speak a common language. Recognizing the need to rise to customer expectations, many FIs around the globe are turning to APIs to promote greater interoperability.

Payment APIs and Integration

PYMNTS

DECEMBER 12, 2018

The Smarter Payments Tracker , powered by FIS , is a bimonthly report that looks at how payment systems are evolving to become faster, transmit data, offer interoperability between systems and more to improve the payer and payee experience.

Data Breach

PYMNTS

NOVEMBER 7, 2018

The Smarter Payments Tracker , powered by FIS , is a bimonthly report that looks at how payment systems are evolving to become faster, transmit data, offer interoperability between systems and more to improve the payer and payee experience.

Electronic Funds Transfer (EFT)

PYMNTS

AUGUST 3, 2018

The companies said Discover will be working with the BPDA, recently formed to create a business payments directory to make it easier for payers to electronically make B2B payments, to create a blockchain-powered platform. Payees can manage their own payment preference data in real time, the companies explained.

B2B

PYMNTS

APRIL 4, 2018

Today’s smarter payments are delivered much faster – within hours or even just a few seconds – and include data to inform both payers and payees. The debut of these solutions has already dramatically changed the nature of payments, making them considerably smarter than those of days gone by.

Tax Refunds

M2P Fintech

MARCH 28, 2024

Unlike widely accepted open-loop systems like Visa, they offer limited interoperability. Pull Payments Pull payments are a type of electronic transaction where the payee initiates the transaction and withdraws funds directly from the payer’s account with the payer’s prior authorization.

FinTech

PYMNTS

JUNE 22, 2018

The Smarter Payments Tracker , powered by FIS , is a bimonthly report that looks at how payment systems are evolving to become faster, transmit data, offer interoperability between systems and more to improve the payer and payee experience.

Account Takeovers

PYMNTS

AUGUST 30, 2018

The Smarter Payments Tracker , powered by FIS , is a bimonthly report that looks at how payment systems are evolving to be become faster, transmit data, offer interoperability between systems and more to improve the payer and payee experience.

Cross-Border

PYMNTS

JUNE 25, 2018

The Smarter Payments Tracker , powered by FIS , is a bimonthly report that looks at how payment systems are evolving to become faster, transmit data, offer interoperability between systems, and improve the payer and payee experience.

Account Takeovers

Seon

JULY 27, 2023

FedNow works by offering banks, credit unions, and other organizations such as retailers a system where they can utilize instant payment services that go through this core process: The payer (e.g. The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network.

FedNow

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. Parker said that’s why Modo sees facilitating interoperability as a critical service in this space.

Remote Deposit Capture

PYMNTS

AUGUST 15, 2018

Today, their technologies must communicate with existing infrastructures as systems migrate to the cloud, address the points of friction before and after payment, and support the needs of not only the corporate payer, but of the payee, too. “As a whole, you’ll see a lot of innovation in the industry,” he concluded.

B2B

The Payments Association

MAY 16, 2025

This standard introduces structured, enriched data formats for payment messagesimproving interoperability, fraud detection, and reconciliation. PSPs and acquirers will now transmit richer remittance information, structured payer/payee details, and standardised reference fields.

Regulations

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. Parker said that’s why Modo sees facilitating interoperability as a critical service in this space.

Remote Deposit Capture

The Payments Association

JANUARY 14, 2025

“For example, by sharing fraud risk insights for payers and payees, we can generate and embed intelligence earlier in the transaction process to pre-empt fraud.” As the section concluded, a consensus emerged around the importance of interoperability in fraud prevention systems.

Fraud Prevention