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Why the U.S. has reached a real-time tipping point

Finextra

With the Federal Reserve proposing to make its service available 22 hours a day, seven days a week, Nacha is also considering adding a fourth processing cycle for same-day ACH. Successfully monetizing payments data, however, demands the ability to natively process new ISO 20022 format messages. Reports show that a third of U.S.

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Nacha Welcomes Stronghold as a Preferred Partner

NACHA

8, 2024 – Today, Nacha announced Stronghold as a Preferred Partner for ACH Experience and ISO 20022. Stronghold joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha's core strategies to advance the ACH Network. RESTON, Virginia, Aug.

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The Challenges And Benefits Of ISO 20022 Migration

PYMNTS

The ISO 20022 messaging standard has been seen as a potential way of achieving the latter, and has been drawing increasing global attention. ISO 20022 introduced a range of data fields that allow transactional details to be remitted along with payments. Deep Data For Swift, Secure Payments . Hurdles And Supports .

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Clearing Up The Case For ISO 20022

PYMNTS

Though it can be traced back to 2004 and was revised as recently as 2013, the ISO 20022 framework is still a source of confusion across the payments industry. WHAT ISO 20022 ISN’T. ISO 20022 is also sometimes related to the programming language XML, but those two are also not one and the same.

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Fed Acknowledges Roadblocks In ISO 20022 Push

PYMNTS

The Federal Reserve is pushing for adoption of the ISO 20022 global payments messaging standard, a move industry analysts say could streamline B2B payments, especially cross-border. “The wire infrastructure will be the first infrastructure to abandon its propriety formats and move to ISO 20022.”

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Switzerland Flips The ISO 20022 Switch

PYMNTS

Payments technology developers and regulators are beginning to voice their support for ISO 20022, the payments messaging standard that proponents say can streamline global payments with an easier way to link data to a transaction. SWIFT has similarly taken to boosting ISO 20022’s adoption within Canada , too.

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Same Day ACH: Impacts At The Intersections

PYMNTS

In the previous episode of NACHA’s Countdown to Same Day ACH podcast series, NACHA President and CEO Jan Estep identified the overlaps, complements and implications of all the initiatives under the faster payments umbrella — namely, real-time payments, Same Day ACH and blockchain. The Road To Process Improvement.