Open Banking

JULY 23, 2024

Open Banking Limited (OBL) announced today that there are now 10 million consumers and small businesses regularly benefiting from using open banking technology. Competition has been a key driver to growth, and we’ve observed that when one company focuses on open banking technology their direct competitors soon follow.

Small Business 80

Small Business Message Standards Economy Regulations 80

PYMNTS

APRIL 19, 2017

The largest retail bank in Italy has made its first major step onto the stage of real-time cross-border payments. 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.

Real Time Payments 40

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

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. The PYMNTS Faster Payments Tracker™ , powered by Fiserv , is your go-to resource for staying up to date on faster payments developments and initiatives on a month-by-month basis.

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

JULY 25, 2016

The push to adopt a messaging standard that is truly global — that would be ISO 20022 — stops at the U.S. As has been much documented, Europe has embraced the payments initiative, which expands messaging capabilities and has as its central core tenet standardized (but flexible) messaging across FX, transactions and payments rails.

ISO 20022 40

ISO 20022 ISOs Federal Reserve Message Standards 40

PYMNTS

JANUARY 17, 2017

Alongside the expansion of payments technologies, payment testing service providers have had to grow and flex to meet market needs. That’s a tricky, inefficient way to test the reliability, compliance, speed and other metrics of payments technologies, especially when demands for faster, more efficient payments are inescapable.

ISO 8583 49

ISO 8583 ISO 20022 ISOs Faster Payments 49

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. That said, the U.S.

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98

PYMNTS

MAY 8, 2017

Real-time payments initiatives are under way all across the globe, but there is little consistency across jurisdictions regarding how the financial services sector takes on the initiative or where each market is at in terms of progress in achieving real-time payments capabilities. In the U.S., In the U.S.,

Real Time Payments 46

Real Time Payments ISO 20022 TCH ACH 46

PYMNTS

MAY 3, 2016

A new report from ACI Worldwide , in conjunction with Ovum, finds banks of all types are deep in the hustle of competition and innovation as payments technologies evolve. According to ACI, the entire payments sphere is interconnected. Real-Time Payments A Bust? Geographical Insight .

ISO 20022 40

ISO 20022 Real Time Payments Payments Message Standards 40

Open Banking

JANUARY 13, 2023

The ecosystem has allowed for consumers and small businesses to reap these technological advances at a time of need. million regular users of open banking-powered technology 1 billion application programming interface (API) calls per month 7.5m The number of users has shown strong growth over the last five years, and there are now: 6.5

Regulations 52

Regulations API Message Standards Small Business 52