Remove ISOs Remove Message Standards Remove Mobile Payments
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Time For B2B Payments To Get Standardized, Says Nordea

PYMNTS

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. On the payment collection side, corporates are demanding streamlined solutions, too.

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Blockchain Makes Headway Over Legacy X-Border Rails

PYMNTS

In a PYMNTS interview , Tim Coats, Oxbury co-founder, chief customer and regulatory officer, said Faster Payments will become a key rail for the farming and agricultural space to accelerate cash flow through its supply chain. SWIFT Certifies Fiorano ISO 20022. Steamchain Lands Investment For Blockchain Tech.

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Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

Different regions have their own unique payment rails, and no two abide by the same regulatory framework. Last week, seven European payments operators announced the European Mobile Payment System Association initiative, a new pan-European network focused on cross-border mobile payments.

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Integrated Workflows Fuel Cross-Border B2B Payments

PYMNTS

Rather than viewing payments and data as two "parallel tracks," initiatives like the ISO 20022 messaging standard have helped to fuel their coupling. As Thakur noted, the opportunity to consolidate complex systems through treasury and banking integrations is vast. Emerging Ecosystems.

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Why Payments Are Only A Piece Of SMBs’ Global Finance Puzzle

PYMNTS

In addition to open banking initiatives, efforts from both the private and public sector to improve existing payment rails, develop new ones and promote payments messaging standardization (though standards like ISO 20022) have also heightened the FinServ industry’s focus on combatting cross-border payments friction.

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RTP: Achieving Ubiquity Without A Mandate

PYMNTS

This challenge will particularly come into play as more service providers around the world grapple with the need for interconnecting various markets’ real-time payments systems to support cross-border transactions — not an easy task when each market today remains at a different point in its own faster payments journey.

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What Keeps Corporate Cash Managers Awake At Night

PYMNTS

As commerce becomes 24/7 and strives for speed and transparency, Kohli noted that “flat currency models” and infrastructure are the future of payments. Building on new initiatives to overlay legacy systems (like ISO 20022 messaging standards) can aid in those endeavors.