Fintech Finance

JULY 9, 2024

Volante Technologies , the global leader in payments as a service, today announced that Azqore , a business and technology partner for wealth managers, has selected Volante’s Payments as a Service (PaaS) to deliver SEPA instant payments and ISO 20022 messaging services to its customer base.

ISO 20022

PYMNTS

NOVEMBER 27, 2019

The ISO 20022 payments messaging standard — and faster payment networks’ adoption of it — has proven to be a significant value-add to financial service providers’ faster payments offerings. ISO 20022’s path to ubiquity could serve as a model for faster payments technologies’ own adoption journeys.

ISO 20022

PYMNTS

NOVEMBER 18, 2020

The Clearing House 's RTP network is now several years old, and while the real-time payments capability is gaining traction, adoption in the B2B landscape remains muted. That is par for the course for any new payment technology, he said, and it's up to financial services providers to expand education and awareness of the technology.

RTP

Fintech News

OCTOBER 15, 2024

In today’s fast-paced technological landscape, sticking with legacy systems can leave financial institutions lagging behind. 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

PYMNTS

MARCH 9, 2020

Banking association and payments company The Clearing House (TCH) has been confronting such concerns as it advances its real-time payment ( RTP ) offering in the U.S., The federal government deliberated in 2018 and 2019 over developing its own real-time payment system, FedNow , to compete with RTP.

RTP

Faster Payments Council

AUGUST 23, 2024

2:20pm-3:00pmMT: Concurrent Breakout Session – The Power of ISO 20022: Unlocking Efficiency and Global Reach in Payments (Capitol Ballroom 7) The world of payments is undergoing a major transformation with the adoption of ISO 20022. Speakers: Laura Sullivan, Form3; Kenneth T.P.

FPC

PYMNTS

JULY 2, 2019

Real-time payments (RTP) is a global initiative that’s been a decade in the making and counting, one that has gained momentum over the last several years. They also talked about where that technology is headed as a new decade approaches, along with the applicability of the real-time payments playbook that P27 is creating to other regions.

RTP

PYMNTS

APRIL 29, 2019

Ripple, which enables money transfers via blockchain, has been utilizing its distributed ledger technology to support cross-border payments. This can be accomplished with a standard like ISO 20022, which has been implemented more than 80 times worldwide, including with TCH’s RTP system in the U.S. and Australia’s NPP.

Interoperability

PYMNTS

AUGUST 16, 2019

Many are choosing to implement ISO 20022 as a common messaging standard to achieve greater interoperability between payment systems, with the system seeing more than 80 implementations in over 40 markets, including with TCH’s RTP system in the U.S. and Australia’s NPP. Challenges Aren’t Universal.

Cross-Border Payments

PYMNTS

DECEMBER 12, 2019

is behind, and not because of technology constraints,” Killam said. “If Among the largest is the pain experienced among financial service providers and corporates when considering how, exactly, to update back-end infrastructure to support emerging real-time payments technologies. My personal viewpoint is the U.S.

RTP

Faster Payments Council

MARCH 15, 2023

With the system joining the existing RTP system, both promising to modernize the way money moves and allow for greater use of instant payments, it seems the shift to real-time payments is 'inevitable'. FedNow may not interoperate with RTP, and it doesn't seem to be a priority for either.

FPC

PYMNTS

MAY 1, 2019

Payments processing and financial message integration company Volante Technologies is expanding its Payments-as-a-Service offering for financial institutions in the U.S. ACH, Same Day ACH, Zelle, RCH RTP clearing and settlement, and SWIFT cross-border payments are all supported under the solution. and cross-border payments.

ISO 20022

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 PayFi said its RTP network is the first new core payments infrastructure in over 40 years. “The depository institutions.

Real Time Payments

PYMNTS

OCTOBER 15, 2020

There’s room for RTP and ACH to co-exist, said Waterhouse, “for a very, very long time.” Noted Kresse, “RTP and other new payment rails provide us the opportunity to carry remittance direct from system to system.” The conversation turned to whether FinTechs are purely competitors to traditional FIs — or, actually collaborators.

Real Time Payments

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. For those processes that must be handled in real-time, two factors are vital in keeping these processes fit-for-purpose for a real-time world: continuous training and development, and the best technology. “It

Real Time Payments

PYMNTS

NOVEMBER 19, 2020

The partnership supports Payment Canada's need for RTR to enable ISO 20022 messaging standards and remain in compliance with the Bank of Canada 's risk management standards for payment systems, an announcement revealed. One blockchain company that is wielding the technology to facilitate the movement of funds is BitPay.

B2B

PYMNTS

NOVEMBER 17, 2020

Often, the payment method replacing paper is ACH payments, a substitution Anderson said will be accelerated by RTP. Everybody talks about rich data pipes being attached to ISO 20022. Driving B2B Payments' Evolution. Slowly but surely, corporates are migrating away from checks. A World Of Opportunity.

B2B

PYMNTS

NOVEMBER 18, 2020

Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies. Awareness of those differences is key.

Real Time Payments

PYMNTS

AUGUST 13, 2019

The much-awaited decision dismayed large banks that regard a government-run system as unnecessary competition with their own real-time rail, The Clearing House’s Real Time Payments (RTP). Deep Dive: The Challenges and Benefits of ISO 20022 Migration. Get the full story in the Tracker. Read more in the Tracker. About the Tracker.

On-Demand

PYMNTS

MARCH 17, 2020

Simply put, the back-office systems are ill-equipped to handle the demands of technological innovation, especially as financial services cross channels. For many firms, with legacy infrastructure that has been in place for decades, scale becomes difficult. You don’t want to break your back-end systems,” Caldeira told PYMNTS.

Cross-Border

PYMNTS

FEBRUARY 5, 2020

He added that “Phixius changes all of that” by using congruent regulations and “leveraging blockchain technology.”. Aside from using the blockchain, it will use Afinis interoperable and standardized APIs, as well as ISO 20022. NACHA also announced that Ernst & Young (EY) will assist in the development of Phixius.

NACHA

PYMNTS

AUGUST 7, 2019

We obviously expect that the collective set of technology and the services that we’re buying can be further exported more widely across Europe and into other markets,” he said, with the goal to create an interoperable market of payments schemes that can facilitate account to account payments, in real time, across countries.

Visa

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. In the latest show of support for distributed ledger technology, J.P. Smaller FIs Drive Real-Time Demand.

Use Case

PYMNTS

NOVEMBER 4, 2019

As faster payment networks continue to roll out onto the market, Deborah Kovacs, co-founder and chief product officer of core banking technology provider Finxact , said there is also a growing opportunity for these two trends to converge. Kovacs pointed to The Clearing House ’s real-time payments service, RTP, as an example of this.

Real Time Payments

PYMNTS

AUGUST 7, 2020

Clearing House has the RTP network. She said that broad access will also come with interoperability, as the Fed will use the widely accepted ISO 20022 messaging standard to help route payments through FedNow or other payment services.

Fed

Segpay

JUNE 13, 2024

Technological Standards : The EU’s adoption of standardized messaging formats like ISO 20022 for SCT Inst set a technological precedent. Competitive Pressure : The introduction of FedNow will create competitive pressure on existing payment systems, such as The Clearing House’s RTP network.

FedNow