PYMNTS

SEPTEMBER 11, 2019

According to the Real-Time Payments Innovation Playbook , 26 percent of cross-border businesses rely on international wire transfers, while the next most common method is by paper check (20 percent). Transparency is lacking in wire transfers and speed isn’t a primary feature of international ACHs.

Cross-Border Payments 76

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

PYMNTS

NOVEMBER 18, 2020

He said the movement toward standards – particularly the messaging standard ISO 20022 and its marriage of data to payment flows – will enable banks to help their clients reduce manual reconciliation and expand their own businesses. That was then, this is now.”.

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98

PYMNTS

NOVEMBER 2, 2020

Interoperability will get a boost with messaging standards such as ISO 20022. Cross-border payments were multi-faceted endeavors that involved (and of course still involve) wire transfers, a lack of transparency, and the vagaries of shifting FX rates. Thus there’ll be no need to pivot to a single set of rails.

B2B 119

B2B Cross-Border Digital Currency Multi-Currency 119

PYMNTS

SEPTEMBER 12, 2019

The AFP surveyed 379 corporate treasury professionals and found that 68 percent are using wire transfers to move money across borders, for example, a finding that researchers said highlights “the challenge in making changes to payments processes even if current systems are inefficient and costly.”.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

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. How is this different than a wire? Despite that, there is a better option, as roughly 40 percent of B2B payments are still done by paper checks.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

JUNE 13, 2018

Transactions via EFT can be made via bank-to-bank transfer, wire or check – and today, the firm noted, the process is plagued by manual processes and high fees. .” According to the company, B2B EFT payments make up more than one-third of Canada’s domestic payments volume.

Electronic Funds Transfer (EFT) 43

Electronic Funds Transfer (EFT) B2B Blockchain ISO 20022 43

PYMNTS

JANUARY 25, 2019

The rail was built on the ISO 20022 messaging standard, which sends data and payments together. ACH and wire are closed on the weekends and holidays, but real-time payments will not be,” Richardson explained. “If However, the current payments environment in the U.S. as an example.

Real Time Payments 67

Real Time Payments Federal Reserve RTP TCH 67

PYMNTS

NOVEMBER 3, 2020

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards.

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

PYMNTS

AUGUST 5, 2019

For one, traditional money movement methods like wire transfers can be costly, and card payment acceptance requires merchants to accept processing fees. API integrations can also help businesses access domestic rails, and ISO 20022 messaging standards for payment schemes can synchronize systems and pave the way for interoperability.

Cross-Border 46

Cross-Border ISO 20022 Cross-Border Payments Payment APIs and Integration 46