Remove Message Standards Remove Payment Message Remove Wire Transfer
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Collaboration Is Key For Consensus On Cross-Border Payments

PYMNTS

According to the Real-Time Payments Innovation Playbook , 26 percent of cross-border businesses rely on international wire transfers, while the next most common method is by paper check (20 percent). Electronic bank transfers (16 percent) and regular ACH (11 percent) are also popular.

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Chase, AFP Applaud B2B’s Shrinking Check Use

PYMNTS

Further, the report noted, just because businesses appear to be shifting away from paper checks doesn’t mean they’re fully embracing automated, digital payment tools.

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Clearing Up The Case For ISO 20022

PYMNTS

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. .