PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.”. The proof of concept is designed to “bring the benefits of gpi payments’ speed, ubiquity and certainty to distributed ledger technology (DLT)-enabled trade.”

SWIFT 60

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 60

PYMNTS

JANUARY 24, 2019

Payments messaging company SWIFT is expanding its gpi for Corporates (g4C) initiative, adding treasury management technology company BELLIN to its roster of early adopters of the tool. In a press release issued Wednesday (Jan. In a press release issued Wednesday (Jan.

SWIFT 57

SWIFT Treasury Management Payment Message Cross-Border 57

PYMNTS

JANUARY 17, 2017

s initiatives towards faster and real-time payments, analysts noted key requirements to join the Faster Payments scheme in particular; among one of the highest costs of joining, the report concluded, is building the technology to support real-time posting of payments. s broader faster payments efforts.

Faster Payments 43

Faster Payments ISO 8583 ISO 20022 Message Standards 43

PYMNTS

AUGUST 16, 2019

In 2017, the European Payments Council launched the pan-European Single Euro Payments Area ( SEPA ) Instant Credit Transfer System, and Southeast Asian countries Indonesia, Malaysia, Singapore, Thailand and Vietnam agreed to establish a real-time cross-border payments network. and Australia’s NPP. Challenges Aren’t Universal.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

Fintech Finance

MAY 13, 2024

The certification, which enables and supports compliance to ISO 20022 messaging standards for Fedwire, applies to four of Finastra’s payment processing solutions, facilitating increased innovation for financial institutions across the United States.

ISO 20022 52

ISO 20022 ISOs FedWire Fed 52

PYMNTS

APRIL 19, 2016

Payments technology developers and regulators are beginning to voice their support for ISO 20022, the payments messaging standard that proponents say can streamline global payments with an easier way to link data to a transaction. Up next is Switzerland.

ISO 20022 40

ISO 20022 ISOs Message Standards Federal Reserve 40

PYMNTS

OCTOBER 6, 2017

The solution supports payment files of any format, Fides said, and supports automation while providing added security for these transactions. The platform was built on ISO payment messaging standards, which, according to Fides CEO Andreas Lutz, are “very high and present a lot of challenges for treasury teams.”. “By

Treasury 57

Treasury Treasury Management Message Standards ISOs 57

PYMNTS

JANUARY 30, 2019

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink ecommerce and trading platforms with the SWIFT gpi payment service.”. The proof of concept is designed to “bring the benefits of gpi payments’ speed, ubiquity and certainty to distributed ledger technology (DLT)-enabled trade.”

SWIFT 46

SWIFT Distributed Ledger Technology (DLT) Payment APIs and Integration Message Standards 46

PYMNTS

AUGUST 28, 2019

Paper checks are often pointed to as an example of how difficult it can be for corporates to change their payment behaviors. With newer digital, automated payment technologies emerging in the B2B space, businesses continue to stick to what’s familiar: paper. Speaking The Same (Payments) Language.

ISO 20022 52

ISO 20022 B2B Real Time Payments ISOs 52

PYMNTS

AUGUST 1, 2019

In the latest Smarter Payments Tracker , PYMNTS takes a deep dive into the challenge of interoperability in achieving better cross-border payments services and experiences. But as the Tracker explores, there are several initiatives in the works to tackle those challenges — including in the corporate sphere.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

SEPTEMBER 11, 2019

A majority (61 percent) regarded the flexibility and standardized nature of global data formats to be a benefit of real-time payments, which speaks to the importance of real-time payments for cross-border. Businesses that use real-time payments are more competitive, as the technology is becoming the standard for global commerce.

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

PYMNTS

NOVEMBER 13, 2020

We needed to position ourselves to respond to that emerging trend from a technology perspective.". API integrations can make it easier than ever for third-party FinTech solutions to enhance their own payment capabilities.

Real Time Payments 75

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

PYMNTS

JULY 9, 2020

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.

ISO 20022 77

ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . Federal Reserve and TCH, Europe’s Eurosystem and EBA CLEARING and the U.K.’s

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

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. As Throckmorton pointed out, it’s not about moving money but more about making processes better, more standard and more secure.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

NOVEMBER 18, 2020

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. This has forced a behavior change and adoption of electronic payment methods that might have remained untouched by business users under normal circumstances.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

FEBRUARY 6, 2020

Automating the flow of payment-related data will support back-office process efficiencies, and address fraud concerns. The solution will deploy blockchain, standardized APIs from Afinis and payments messaging standard ISO 20022. Commonwealth Bank Unifies SMB Apps.

Payments Data 73

Payments Data Payment APIs and Integration Credit Union NACHA 73

PYMNTS

MARCH 9, 2018

In an announcement on Thursday (March 8), SWIFT said its DLT (distributed ledger technology) PoC for Nostro reconciliation went “extremely well,” according to SWIFT Head of Research and Development Damien Vanderveken in a statement. While SWIFT said the PoC was successful, it also highlighted some challenges to adoption.

SWIFT 43

SWIFT ISO 20022 Blockchain Liquidity Management 43

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

JUNE 13, 2018

. “Today’s commercial payments infrastructure in Canada is built on many layers of outdated technology and processes that are needlessly complex and time-consuming, not to mention error-prone and labor-intensive,” said PayStand CEO and Founder Jeremy Almond in the statement.

Electronic Funds Transfer (EFT) 43

Electronic Funds Transfer (EFT) B2B Blockchain ISO 20022 43

PYMNTS

AUGUST 21, 2020

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.

Multi-Currency 69

Multi-Currency Cross-Border Payments Cross-Border Finance 69

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.

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

PYMNTS

JANUARY 26, 2017

The company announced earlier this month that it has developed what it claims to be the world’s first technology to integrate blockchain into ERP systems like SAP. Further, blockchain, Finlync said, negates the need for participants to align with what the company described as “complex” payments messaging standards like ISO.

Blockchain 57

Blockchain Cross-Border Payments B2B Cross-Border 57

Fintech Finance

APRIL 17, 2024

The Real-Time Rail is a complex, large-scale, multi-year infrastructure program that includes two key technical components: the build of the Real-Time Rail exchange component provided by Interac, which was completed in June 2023 and will allow for the exchange of payment messages in real-time.

ISO 20022 52

ISO 20022 Real Time Payments Participant Payment Message 52

PYMNTS

SEPTEMBER 12, 2019

While more businesses are not only shifting away from paper, but operating with an embrace of digitization, the AFP and JPMorgan warned that checks remain popular and are far from being gone for good in the corporate payments ecosystem.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

PYMNTS

MAY 12, 2020

He recommends digitizing key components of paper check payments, including the automatic capture of payment data and integration with firms’ enterprise resource planning (ERP) and other back-office systems. Collaborators Develop New B2B Payment Rail In Pakistan. Checks will be around for a while.

B2B 52

B2B Same Day ACH FedNow Federal Reserve 52

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. However, each have different and changing priorities, as well as common needs and goals.”.

ISO 20022 40

ISO 20022 Real Time Payments Payments Non-Bank 40

PYMNTS

JULY 3, 2018

Around the Faster Payments World. banks are putting their payment tools into overdrive. First, BNY Mellon recently announced that it became the first bank to enable Request for Payment messages using The Clearing House’s (TCH) Real-Time Payments (RTP) network. s payment systems. Several U.S.

Faster Payments 40

Faster Payments Cross-Border Zelle Payments 40

PYMNTS

NOVEMBER 2, 2017

All of these risks change as companies grow, expand across borders and implement new technologies. It enables you to track payments across borders in real time, to know where they are. SWIFT’s payment messaging standards are similarly boosting transparency in the movement of money around the world, he said.

Risk 40

Risk Innovation Treasury Treasury Management 40

PYMNTS

MAY 31, 2018

PYMNTS recently caught up with Throckmorton to learn more about both the challenges standing in the way of standardization and the benefits a shared language could offer. Standardizing Payment Technology for Smarter, Safer Payments. The tide is finally beginning to turn, however. More players within the U.S.

ISO 20022 40

ISO 20022 ISOs Interoperability NACHA 40

PYMNTS

JULY 28, 2016

This “standard for standards” is designed to set the tone for a global financial industry message scheme, but unfortunately it is often misunderstood. The standard isn’t related to any one organization or segment, it was created by the International Organization for Standardization for many global transactions.

ISO 20022 40

ISO 20022 ISOs NACHA ACH 40

PYMNTS

SEPTEMBER 23, 2019

For financial institutions, the technology presents an opportunity to attract and retain corporate clients while simultaneously reducing security risks associated with manual or other data aggregation strategies. On average, an organization will manage 300 APIs.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

The Payments Association

APRIL 14, 2025

Related links: Financial promotion rules for cryptoassets Financial promotions data 2024 Top regulatory priorities for the payments sector Mandatory adoption of ISO 20022 for cross-border payments (final preparations Q2) The transition to ISO 20022 for cross-border payments is a fundamental shift in global financial messaging standards.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88