Fintech Finance

OCTOBER 21, 2024

Nium , the leading global infrastructure for real-time cross-border payments, today announced that financial institutions can now leverage Swift capabilities and their existing Swift infrastructure to connect to Nium’s global real-time payments network.

Real Time Payments 95

Real Time Payments SWIFT Payment Networks Cross-Border Payments 95

PYMNTS

NOVEMBER 18, 2020

Banks have been playing catch-up with FinTechs in the bid to bring speed to their processes, especially when it comes to B2B payments. The conversation came across a backdrop of more than 50 real-time payment systems currently live around the world, although largely domestic and regional in nature. That said, the U.S.

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98

The Fintech Times

NOVEMBER 18, 2024

It leverages historical and real-time payment data to help banks strategically plan, optimise operational efficiency, and accurately track performance. “Managing through this requires banks to have instant insight into payment flows, operational performance, and the ability to quickly address issues.”

ISO 20022 64

ISO 20022 Technology Real Time Payments ISOs 64

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.” Real-time payment is also is finding traction in the gig economy, allowing employees to be paid on a regular basis, even daily.

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

Fintech Finance

JULY 10, 2024

AFFIN Group (“AFFIN” or “the Group”) today announced a partnership with ACI Worldwide , a global leader in mission-critical, real-time payments software, to modernise the Bank’s real-time payment capabilities. It will enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards.

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ISO 20022 Real Time Payments ISOs Payments 98

Finextra

OCTOBER 22, 2024

In an interview with FinextraTV in the lead-up to Sibos 2024 in Beijing, China, Ainsley Ward, Vice President Payments Solutions, CGI, explores the topic of instant mandates and the implementation of Verification of Payee (VoP) across Europe.

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Real Time Payments Cross-Border ISO 20022 Payee 75

PYMNTS

NOVEMBER 27, 2019

The global payments ecosystem’s path to faster and real-time payments ubiquity is an evolution, not a revolution. That is to say, mass adoption will take time, and the factors driving that adoption will almost certainly continue to change and shift as end users’ needs do the same.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

PYMNTS

NOVEMBER 12, 2020

Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules.

ISO 20022 138

ISO 20022 Real Time Payments Settlement Payments 138

PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . Deep Data For Swift, Secure Payments . High-value payment systems operated by the U.S. Hurdles And Supports .

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

NOVEMBER 13, 2020

As real-time payments make their way to ubiquity in markets around the globe, more small- to medium-sized businesses ( SMBs ) are exploring how instant transactions may be able to add value to their own operations. We needed to position ourselves to respond to that emerging trend from a technology perspective.".

Real Time Payments 75

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payment APIs and Integration 75

PYMNTS

AUGUST 23, 2019

When it comes to payments, speed isn’t the only factor to consider in the deployment of real-time payments (RTP) systems. Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. Rapid Growth. Financial crime is bigger than any one organization,” she said.

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Real Time Payments Compliance SWIFT ISO 20022 77

Fintech Finance

OCTOBER 23, 2024

The research aimed to evaluate the state of instant payments across the European banking sector. The revealing findings show that many banks are facing significant challenges when it comes to implementing real-time payments capabilities, meeting the mandated 10-second transaction window, and complying with AML and fraud detection protocols.

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Instant Payments ISO 20022 Regulations Fraud Detection 105

Finextra

FEBRUARY 13, 2024

As payment markets evolve, further progress hinges on open access facilitated by infrastructure modernisation. Additionally, we explain the key methods for ensuring seamless transactions across borders, leveraging ISO 20022 data and AI for fraud prevention, resilience, and scalability across all 13 markets.

ISO 20022 108

ISO 20022 Cross-Border Fraud Prevention ISOs 108

PYMNTS

JANUARY 2, 2019

On the face of it, the lure of real-time payments might seem like an inevitability. a number of leading tech companies have become vocal in their support of a real-time payments (RTP) network, to be created under the leadership of the Federal Reserve and different from what has been previously proposed by the big banks.

Real Time Payments 79

Real Time Payments RTP ISO 20022 Cross-Border 79

Fintech News

OCTOBER 23, 2024

As part of its efforts to link its TARGET Instant Payment Settlement (TIPS) with other fast payment systems, the Eurosystem, the monetary authority of the eurozone, has expressed its intention to join Project Nexus. Due to its previous involvement in the project, the Eurosystem will hold special observer status.

Central Bank 128

Central Bank ISO 20022 Cross-Border Payments Cross-Border 128

PYMNTS

JANUARY 25, 2019

As they work to achieve this, more companies are ditching paper-based methods and embracing digital solutions that streamline payments and reconciliations. Some financial institutions (FIs) are seeking to help their corporate clients tap into real-time payments (RTP) to keep up the pace. . “We as an example.

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Real Time Payments Federal Reserve RTP Fed 67

The Payments Association

JUNE 3, 2025

Regulatory considerations and data sovereignty Tokenisation, playing an increasingly central role in payments infrastructure, has brought attention from regulators. This influences how we manage token lifecycle eventslike creation, refresh, or revocationin real time, without slowing down the transaction.

Security 88

Security Payment APIs and Integration Payment Security Credential 88

PYMNTS

OCTOBER 1, 2019

Fifty-four faster payment schemes — and counting. Real-time payments are on the radar for most banks, and the opportunity is there to grow top lines and cement customer relationships. Other value propositions include mobile devices enabled to do push payments.

ISO 20022 69

ISO 20022 Faster Payments FedNow ISOs 69

Fintech Finance

NOVEMBER 8, 2024

This partnership is set to revolutionise the region’s payments landscape by enabling faster, more efficient international payments for businesses and consumers alike. ” “Partnering with Nium allows us to enhance our service offerings and provide our customers with faster, more efficient cross-border payment solutions.

Cross-Border Payments 98

Cross-Border Payments Cross-Border ISO 20022 Payment APIs and Integration 98

The Payments Association

MARCH 19, 2025

Legacy systems are increasingly unreliable, expensive to maintain, and resistant to modern payment innovations. Regulations are tightening: Compliance with ISO 20022, PSD3, AML directives, DORA and evolving cybersecurity mandates requires payment platforms that are secure, reliable, flexible and scalable.

Payment APIs and Integration 88

Payment APIs and Integration Innovation Cross-Border ISO 20022 88

Fintech Finance

AUGUST 27, 2024

Mexipay will utilize ACI’s Digital Central Infrastructure solution, part of the award-winning ACI Enterprise Payments Platform, to address the need for enhanced real-time payment services. According to ACI’s latest Prime Time for Real-Time report, 3.8 between 2023 and 2028. “We

Instant Payments 97

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 97

PYMNTS

OCTOBER 13, 2016

Dion Global Solutions announced this week the release of Real Time Payment Engine (RTPE), a tool to support real-time payments while remaining compliant with European regulations. The company cited the European Payment Services Directive, ready to take effect in 2018.

Real Time Payments 53

Real Time Payments ISO 20022 Cross-Border Cross-Border Payments 53

PYMNTS

SEPTEMBER 29, 2020

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.

Instant Payments 129

Instant Payments B2B Innovation ISO 20022 129

PYMNTS

JULY 28, 2016

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.

ISO 20022 40

ISO 20022 ISOs NACHA ACH 40

PYMNTS

MARCH 21, 2017

Enter: ISO 20022. For a few years the corporate banking space has been discussing the potential for ISO 20022 to streamline payments, with industry forces like SWIFT and SEPA promoting its adoption. “Or do corporates limit their choice of bank by insisting on their preferred format?”.

ISO 20022 77

ISO 20022 ISOs B2B Message Standards 77

PYMNTS

APRIL 29, 2019

An interoperable cross-border solution could remove these frictions and provide smooth transfers between two real-time payment systems, while a single, globally accessible faster payments service could offer swift end-to-end transfers. Privately-owned companies are also looking to solve the cross-border payments problem.

Interoperability 77

Interoperability ISO 20022 Instant Payments Cross-Border 77

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. cross-border ambitions continue to increase.

FPC 128

FPC ISO 20022 Federal Reserve Instant Payments 128

Fintech News

OCTOBER 15, 2024

With the rapid evolution of payment methods and regulations, banks must stay ahead of the curve or risk being left out of the game. The necessity for modernisation is driven by several key factors, including the migration to ISO 20022, the rise of Open Banking and the introduction of Central Bank Digital Currencies (CBDCs).

ISO 20022 113

ISO 20022 ISOs Payments Federal Reserve 113

PYMNTS

NOVEMBER 10, 2020

Real-time payments aren’t just an opportunity for consumers to send and receive money more quickly. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world. It’s the culture that is changing.”.

B2B 117

B2B Real Time Payments Value Added Service ISO 20022 117

The Payments Association

MAY 16, 2025

In real-time payments, deemed success is a legacy concept that no longer meets expectations. Instant payments demand instant certainty. Real-time payments built on non-final settlement logic create friction, and failure to address this will only magnify systemic vulnerabilities.

ISO 20022 88

ISO 20022 Cross-Border Cross-Border Payments Settlement 88

PYMNTS

JUNE 4, 2019

Payment company PayFi and The Clearing House (TCH) have partnered to bring real-time payments technologies to the community banks on PayFi’s Branch99TM Real-Time Platform, according to a release. “We for real-time payment receipt, and it continues to grow. “ depository institutions.

Real Time Payments 48

Real Time Payments ISO 20022 RTP Interbank Settlement 48

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction.

Cross-Border Payments 76

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

The Payments Association

FEBRUARY 14, 2025

If PSD2 and PSD3 light the fire, the upcoming necessary migration of ISO 20022 pours gasoline on it. In line with SWIFT and ECB timelines by November, a considerable portion of European cross-border and certain domestic payments must adopt ISO 20022 messaging standards.

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ISO 20022 Payment APIs and Integration ISOs Central Bank 100

Fintech Finance

JANUARY 11, 2024

“Addressing the practicalities of cross-border payments in a faster payments world requires collaboration among financial institutions, regulatory bodies, and technology providers,” said Barry Tooker, Principal at TransactionBanker.com and FPC Cross-Border Payments Work Group Chair.

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

PYMNTS

JANUARY 20, 2017

EBA Clearing, set to launch its real-time payment service across Europe later this year, has officially commenced the testing phase of its technology. EBA Clearing’s technology will enable real-time payments across the EU 24/7. The firm said Thursday (Jan. The firm said Thursday (Jan.

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Real Time Payments ISO 20022 Payments Tools Message Standards 40

PYMNTS

OCTOBER 10, 2016

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.

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Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

APRIL 19, 2017

Intesa Sanpaolo announced Tuesday (April 18) that it has successfully completed its first testing activities with EBA Clearing, using technology by Dovetail for pan-European real-time payments. Reports in January first surfaced that EBA Clearing was testing its own real-time payments solution compliant with EU payment standards.

Real Time Payments 40

Real Time Payments ISO 20022 Cross-Border Payments Cross-Border 40