The Fintech Times

NOVEMBER 14, 2024

Payments modernisation is a high priority for banks, with many incorporating new projects like ISO 20022, SEPA Instant, FedNow and RTP. Complex, costly projects like SEPA Instant, ISO 20022, FedNow and RTP are simplified and streamlined. The choice is ours.

ISO 20022 59

ISO 20022 AI FedNow RTP 59

The Payments Association

JUNE 3, 2025

When onboarding new service providers, fintechs, or merchant partners, a token-based architecture allows for quicker, cleaner integration by decoupling sensitive data from transaction logic. ISO 20022 encourages richer data exchange between financial institutions, and this also extends to tokens.

Security 88

Security Payment Security Payment APIs and Integration Credential 88

Trade Credit & Liquidity Management

MAY 29, 2025

This shift demands that billers stay informed and proactive, as compliance and efficiency heavily depend on understanding complex regulations and effectively leveraging service providers. However, the industry is moving toward best practices and standardized data formats such as ISO-20022 to ease cross-border invoicing.

ISO 20022 52

ISO 20022 ISOs Compliance Cross-Border 52

Fintech Finance

SEPTEMBER 25, 2024

The two companies will join forces to offer a one-stop payment acceptance solution for payment service providers and merchant acquirers to create a seamless and secure payment ecosystem for processing domestic and cross-border payments.

ISO 20022 104

ISO 20022 Cross-Border Payments Stop Payment Acquirers 104

The Payments Association

MAY 9, 2025

UK-regulated firms must ensure that complete originator and beneficiary information accompanies all relevant transfers, including specific requirements for crypto-asset service providers under the Travel Rule. Common typologies involving correspondent banking include: Incomplete or manipulated payment instructions (e.g.

Correspondent Bank 88

Correspondent Bank Correspondent ISO 20022 Wire Transfer 88

The Paypers

AUGUST 2, 2019

(The Paypers) Financial messaging services provider SWIFT has announced adopting the ISO 20022 financial standard to enable the modernisation of cross-border payments.

ISO 20022 37

ISO 20022 Cross-Border Payments Cross-Border ISOs 37

Fintech Finance

MAY 22, 2025

Aligned with ISO 20022 and powered by our partnership with ACI Worldwide, CIMB is positioning itself at the forefront of next-generation banking,” said Ros Aziah, Group Chief Technology Officer, CIMB Bank.

ISO 20022 91

ISO 20022 Cross-Border ISOs Payments 91

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. ” .’s

Payment Message 77

Payment Message ISO 20022 Message Standards ISOs 77

PYMNTS

OCTOBER 10, 2016

ISO 20022, which is designed to set the tone for global financial industry messages, provides a standardized approach to building messaging standards across financial services. Much like ISO 20022, tokenization is not a new concept for NACHA. The Road To Process Improvement. Innovation On Old Initiatives.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

Fintech Finance

OCTOBER 16, 2024

Trovata will become one of the first service providers with a direct API to Swift. .” Trovata will also make its Swift Direct product available through its embeddable Multibank Connector, to expand its global footprint to include banks that do not yet use APIs.

SWIFT 98

SWIFT ISO 20022 Cross-Border Payments API 98

PYMNTS

SEPTEMBER 29, 2020

Late last week the EU’s executive branch introduced proposed rules to provide legal guidance and clarity for corporates and investors to adopt cryptocurrencies. The future of finance is digital,” said Valdis Dombrovskis , the panel’s executive vice president. “The Researchers also highlighted the opportunities for global corporates.

Instant Payments 129

Instant Payments B2B Innovation ISO 20022 129

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

Instant Payments 97

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 97

PYMNTS

AUGUST 1, 2019

Financial service providers are operating in a global payments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards. ISO 20022 will modernize international and domestic payment rails, enabling right and new payment services.”.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

The Payments Association

JANUARY 22, 2025

Combine digital ID, AI and new rich data standards like ISO 20022, and I’m excited to see what can be done. Thanks to innovations such as keyless entry, in-car payments, e-commerce and subscription-based services, digital IDs are making automotive experiences more personalised, convenient and secure.

Security 88

Security Online and Mobile Banking Credential Verification 88

PYMNTS

AUGUST 12, 2020

Visa has become a part of the ranks of companies experimenting with Phixius, a technology that assists credentialed service providers in exchanging and supervising digital payments data, NACHA said in a Wednesday (Aug. 12) announcement. It was also reported in March that Ernst & Young (EY) would help out with Phixius’s creation.

Phixius 79

Phixius ISO 20022 Payments Data NACHA 79

Finextra

JUNE 19, 2025

Increased geo-political and trade uncertainty; intensifying currency diversification needs; shifting client demands; and the impending ISO 20022 migration deadline are accelerating the need for cost-effective access to multi-currency clearing and settlement.

Multi-Currency 52

Multi-Currency On-Demand Settlement Economy 52

PYMNTS

NOVEMBER 10, 2020

For financial service providers, instant payments offers a chance to open up new revenue streams and develop new services for corporate clients. 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.

B2B 117

B2B Real Time Payments Value Added Service ISO 20022 117

PYMNTS

MAY 1, 2019

Volante explained that VolPay-as-a-Service supports management of a range of corporate enterprise resource planning and acknowledgement formats to streamline corporate customer on-boarding for financial institutions, automating the process of connecting businesses to payment service providers via API. financial institutions.

ISO 20022 66

ISO 20022 Same Day ACH Cross-Border Payments Payment APIs and Integration 66

Fintech Review

APRIL 9, 2025

This integration ensures competitive, near-interbank ratesespecially in frontier markets where traditional financial services often fall short. and ISO 20022 Compliance With the recent launch of XDC2.0, XDC Network is ISO 20022 -compliant, aligning with the global messaging standard. Powered by XDC2.0

ISO 20022 52

ISO 20022 ISOs Payment APIs and Integration TPS 52

The Payments Association

MAY 16, 2025

Regulatory developments previously confined to financial institutions and payment service providers are now extending to the systems, practices, and commercial relationships of merchantsparticularly where digital payments, cross-border transactions, and customer data are concerned. ISO 20022), refining third-party contracts (e.g.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

PYMNTS

NOVEMBER 17, 2020

Everybody talks about rich data pipes being attached to ISO 20022. It will also be key to the evolution of B2B payments by allowing service providers to address friction on either the AP or AR side of a transaction — not both.

B2B 128

B2B Visa Cross-Border ACH 128

PYMNTS

JANUARY 7, 2021

Rather than viewing payments and data as two "parallel tracks," initiatives like the ISO 20022 messaging standard have helped to fuel their coupling. This spirit of cooperation fueled by data is also promoting the creation and expansion of ecosystems of service providers fueling cross-border B2B payments.

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Cross-Border B2B Payment APIs and Integration ISO 20022 97

PYMNTS

NOVEMBER 13, 2020

In Canada , one of the most popular means of instant payments is the Interac eTransfer service, which facilitates real-time movement of funds from one account to another.

Real Time Payments 75

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

PYMNTS

AUGUST 13, 2019

Financial messaging service provider SWIFT , for one, recently tested an effort to send money instantly between countries’ real-time payment systems. Deep Dive: The Challenges and Benefits of ISO 20022 Migration. Around the Faster Payments World. Get the full story in the Tracker. Read more in the Tracker.

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On-Demand ISO 20022 Federal Reserve Faster Payments 62

Fintech News

JULY 3, 2024

Innovative FX Provision Model Project Nexus introduces a flexible FX provision model that allows each Payment Service Provider (PSP) to take the approach that works best for them. Larger service providers may provide FX conversion for their own payments, while smaller service providers can use third-party FX Providers (FXPs).

Cross-Border Payments 117

Cross-Border Payments Cross-Border Instant Payments Central Bank 117

PYMNTS

OCTOBER 15, 2020

Noted Kresse, “RTP and other new payment rails provide us the opportunity to carry remittance direct from system to system.” Standards, such as ISO 20022 are critical to fostering interoperability, they agreed (Scola pointed to SWIFT gpi, a standard for global payments, as an example).

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

PYMNTS

NOVEMBER 18, 2020

Looking ahead, financial services providers and their business clients will have to explore an expanding list of value propositions surrounding the RTP network for corporates and SMBs in order to understand how real-time payments can benefit both senders and receivers. But there is more work to be done.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

DECEMBER 4, 2018

a Bank of England consultation about the embrace of messaging standards – specifically, ISO 20022 – has garnered support of a Common Credit Message (CCM) that looks for harmonization of messaging across interbank payment efforts. As has been widely reported, ISO 20022 is known for carrying richer data in payments messages.

Instant Payments 50

Instant Payments ISO 20022 SWIFT ISOs 50

The Payments Association

JUNE 11, 2025

Simultaneously, the UK’s Platform to Business (P2B) Regulation requires online service providers to ensure sellers are identifiable and maintain transparency, including providing 15 days’ written notice for term changes. Read More »

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

Fintech Finance

JULY 19, 2024

is set to streamline the UK’s interbank payments into a single, and more agile payments settlement system that is compliant with ISO 20022, as opposed to the numerous systems such as Faster Payments, BACS that are currently in place. The New Payments Architecture (NPA) by Pay.UK

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Payments ISO 20022 Retail Payments Settlement 98

PYMNTS

JANUARY 26, 2017

Once live, account servicing payment services providers can work with any payments denominated in the euro that are, in turn, compliant with messaging standards (ISO 20022). Therefore, the underlying infrastructure “must be as robust and flexible as possible” in supporting payment service providers.

Instant Payments 40

Instant Payments ISO 20022 Message Standards ISOs 40

PYMNTS

JANUARY 17, 2017

But the potential of near-real-time payments offered by Faster Payments can only be realized when financial service providers join that scheme. Last week, Faster Payments aimed to ease the friction associated with getting financial service providers on board with the scheme. s broader faster payments efforts.

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Faster Payments ISO 8583 ISO 20022 Message Standards 43

PYMNTS

NOVEMBER 19, 2020

As Canada gears up to launch its real-time payments system, the Real-Time Rail (RTR), Payments Canada , the entity at the head of the initiative, has announced that Mastercard -owned Vocalink has been chosen as the clearing and settlement solution provider for the new payment rail.

B2B 104

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104

PYMNTS

OCTOBER 12, 2020

The comments and insight across the past year-plus has led the Fed to ready a FedNow pilot program — an effort that will seek additional guidance from financial institutions (FIs), including payment processors, to help the service evolve moving forward. Interoperability is a core component” of FedNow, said Montgomery.

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

The Fintech Times

JULY 9, 2024

More partnerships 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. Following the partnership, the automated verification process has reduced onboarding times.

ISO 20022 59

ISO 20022 FinTech ISOs Payroll 59

PYMNTS

MARCH 17, 2020

There have been at least some efforts to support an industry-wide transformation, such as with ISO 20022, which is a data-rich messaging format for payments information that can help cut down on transaction errors.

Cross-Border 91

Cross-Border Innovation Payment APIs and Integration Cross-Border Payments 91

PYMNTS

FEBRUARY 5, 2020

The NACHA Phixius platform enables connected service providers to securely exchange payment-related data. Aside from using the blockchain, it will use Afinis interoperable and standardized APIs, as well as ISO 20022. The present system uses laborious bilateral agreements, which limits wide-spread collaboration.

NACHA 52

NACHA Phixius B2B Same Day ACH 52