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Global Data Reporting Pioneer Kani Payments Gets Ready for ISO 20022

Fintech Finance

The move comes as part of its offering to simplify reconciliation and enhance data standardisation for its global payments client base. ISO 20022 is the global messaging standard for financial messages, designed to enable interoperability between financial institutions and other market players.

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What New Payment Rails Miss About Solving B2B’s Remittance Challenge

PYMNTS

More often, businesses will find that the clunky paper check is actually the payment method best suited to support the movement of remittance data along with funds, although businesses are still struggling to find affordable and efficient ways of ingesting that information. There’s nothing more valuable than remittance data.

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The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

A lack of interoperability between local payment networks is among the largest of those hurdles, said Halpin. The solutions that faster payments technology have brought to corporates’ global operations cannot be downplayed, but major hurdles continue to challenge real-time payments’ ability to achieve ubiquity.

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Billtrust CEO On Delivering The Perfect B2B Payment

PYMNTS

With ACH , the biggest challenge often comes in the form of remittance data being emailed separately from the movement of funds. For businesses managing tens of thousands of transactions every month, manually sifting through email inboxes to match remittance data with bank account information is a massive point of friction.

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SWIFT: The Road To ISO 20022 Adoption

PYMNTS

As the world’s payment market infrastructures and their currencies complete their adoption of ISO 20022, they are reaping the benefits that interoperable and data-rich standard can offer. A Gradual Move With Big Benefits. At the request of the community, SWIFT agreed to act as a facilitator in the adoption of ISO 20022.

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The Challenges And Benefits Of ISO 20022 Migration

PYMNTS

Justin Ferrabee, chief operating officer of Canadian payments clearing and settlement system operator Payments Canada, told PYMNTS in a recent interview that reliable data is also key to supporting anti-money laundering (AML) and know your customer (KYC) compliance efforts. . Interoperability And Adoption . Hurdles And Supports .

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Accounts Receivable Innovations Ease AP Pain

PYMNTS

Enabling seamless communications, integrations and interoperability” means facilitating the flow of transaction data between parties, he said. There’s nothing more valuable than remittance data. They need the remittance data, whether it’s incoming or outgoing, to be able to sync up with their general ledger system.”.