ISO 20022 and Retail Payments

How Swift is moving the global financial industry towards instant and frictionless payments

The Payments Association

JANUARY 15, 2025

The UKs roadmap to faster, more efficient payments A key area of focus outlined in the National Payments Vision is enabling interoperability between domestic and international systems, supported by the adoption of ISO 20022 messaging standards while ensuring the security of the UKs payment systems.

SWIFT

SWIFT ISO 20022 Cross-Border Cross-Border Payments

AFFIN BANK Partners With ACI Worldwide to Modernise Payments for Malaysian Businesses

Fintech Finance

JULY 10, 2024

It will enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards. As the industry adopts ISO 20022 globally, this modernisation solution meets regulatory mandates, improves system resilience, and integrates future payment services.

ISO 20022

ISO 20022 Real Time Payments ISOs Payments

Pay.UK rolls out technical info for ISO 20022 and retail payments

The Paypers

JULY 7, 2021

has released its initial set of technical information for entities looking to implement ISO 20022 while transitioning to the Next Generation Standard for UK retail payments, according to crowdfundinsider.com.

ISO 20022

ISO 20022 ISOs Retail Payments Payments

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CIMB Bank Taps ACI Worldwide to Advance Payment Transformation

Fintech Finance

MAY 22, 2025

This enterprise-wide initiative is a cornerstone of our Forward30 Strategy, built to future-proof operations, accelerate digital convergence, and deliver seamless, secure, and intelligent payment experiences for both consumers and businesses.

ISO 20022

ISO 20022 Cross-Border ISOs Payments

Bank Of England Plans Panel To Standardize Payments Messaging

PYMNTS

NOVEMBER 12, 2018

continues its move to adopt the ISO 20022 payments messaging standard, the Bank of England is reportedly planning to create a panel aimed at streamlining the adoption of the standard for more efficient payments in the country. payment ecosystem, including APIs for the financial services space. As the U.K.

Payment Message

Payment Message ISO 20022 Message Standards ISOs

CBDCs in practice: What we’ve learned from the early movers

The Payments Association

JUNE 3, 2025

The dominance of US-based networks, such as Visa and Mastercard, in the EUs retail payments has raised concerns about sovereignty and data control. Enable cross-border functionality: Focus on interoperability infrastructure, using shared standards like ISO 20022.

CBDC

CBDC Cross-Border Central Bank Cross-Border Payments

How are digital IDs reshaping industries for a secure and seamless future?

The Payments Association

JANUARY 22, 2025

The widespread shift to online reliance has created a greater demand for accessing various services online, including government public services and online retail payments. It could also obviate payment devices and allow new schemes to operate at the back of the process, opening the door to real-time payments, CBDC and more.

Security

Security Online and Mobile Banking Credential Verification

EXCLUSIVE: Bank of England’s CHAPS Payments System Goes Down – The Payments Industry Reacts

Fintech Finance

JULY 19, 2024

Retail payments, such as ATM and card payments, remained unaffected. The New Payments Architecture (NPA) by Pay.UK If you are concerned about a CHAPS payment you plan to make or receive today, please contact your bank, or other payment service provider.

Payments

Payments ISO 20022 Retail Payments Settlement

6 Fintech Resources in Asia to Read in Preparation for 2024

Fintech News

DECEMBER 10, 2023

It gathered data from C-level decisionmakers at over 500 banking and non-banking financial institutions across a variety of departments such as fraud, operations, treasury, product, and technical implementation. Additionally, the sector’s impressive growth is reflected in the 2023 Singapore Fintech Map, with 700 companies now featured.

FinTech

FinTech Cross-Border Cross-Border Payments Deepfake

Is Project Nexus a Model for Global Instant Cross-Border Payments?

Fintech News

JULY 3, 2024

Overcoming Technical and Regulatory Hurdles One of the key challenges in connecting multiple instant payment systems is the variation in technical standards and regulatory requirements across different countries.

Cross-Border Payments

Cross-Border Payments Cross-Border Instant Payments Central Bank

What Can We Learn From Payment System Failures and Global IT Outage?

The Fintech Times

JULY 20, 2024

This has included using new technology and messaging standards (ISO 20022) to improve performance, data quality and operational efficiency. “Unfortunately, the development of NPA has been delayed many times and we are still awaiting the delivery of NPA to really propel the UK’s payments systems into the new digital age.

Payments

Payments Mitigation Regulations Cybersecurity

UK Continues Payments Industry Consolidation

PYMNTS

JULY 3, 2018

. “The Cheque and Credit Clearing Company has developed a tremendous amount of trust in payments through the robust and secure exchange of checks and credits over 30 years, and is now revolutionizing the way checks are cleared through the ICS,” said NPSO Chief Executive Paul Horlock in a statement.

Continuity

Continuity ISO 20022 Message Standards Faster Payments

Faster Payments And The Fed, Two Years On

PYMNTS

NOVEMBER 15, 2017

Over the course of the next nine to 12 months, the Fed will be conducting a formal assessment of real-time settlement needs, with a focus on a retail payments environment. It may be no surprise that security remains top of mind for the innumerable stakeholders in the payments arena.

Fed

Fed Faster Payments Federal Reserve ISO 20022

Payments Rails, Laying New Tracks

PYMNTS

APRIL 14, 2017

Ubiquity and scale and standards, such as ISO 20022, are necessary to move money. Speaking to changing the way payments rails function, said NACHA’s Estep, the questions revolve not around “can you do it … but who needs it and what will they do with [those technology-driven changes] once it is in their hands.”.

ACH Network

ACH Network ACH Payments ISO 20022

Payments Space

How Swift is moving the global financial industry towards instant and frictionless payments

AFFIN BANK Partners With ACI Worldwide to Modernise Payments for Malaysian Businesses

Pay.UK rolls out technical info for ISO 20022 and retail payments

Webinars

CIMB Bank Taps ACI Worldwide to Advance Payment Transformation

Bank Of England Plans Panel To Standardize Payments Messaging

CBDCs in practice: What we’ve learned from the early movers

How are digital IDs reshaping industries for a secure and seamless future?

EXCLUSIVE: Bank of England’s CHAPS Payments System Goes Down – The Payments Industry Reacts

6 Fintech Resources in Asia to Read in Preparation for 2024

Is Project Nexus a Model for Global Instant Cross-Border Payments?

What Can We Learn From Payment System Failures and Global IT Outage?

UK Continues Payments Industry Consolidation

Faster Payments And The Fed, Two Years On

Payments Rails, Laying New Tracks

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