article thumbnail

Swift gains license for Eurosystem gateway connections

Payments Source

Payments messaging standards provider Swift has received a license to offer connections to all of the Eurosystem market infrastructures for payments, securities settlement and collateral management.

SWIFT 69
article thumbnail

Fed’s Sapenaro On How To Forge Ahead With Payments Innovation

PYMNTS

Payment System , published in early 2015, which highlights priorities that range from payments security to the adoption of the ISO 20022 messaging standard for cross-border payments. It’s a position that sees Sapenaro putting into action the words of the Fed’s Strategies for Improving the U.S.

article thumbnail

Fed Looks To Keep Momentum Going On Payments Improvements

PYMNTS

Since establishing the Secure Payments Task Force, the Fed said efforts on payments security have been closely aligned with those on payments speed. Again, the Fed said, industry collaboration will be critical in this regard, and noted that there is no end goal in payments security. Efficiency.

Fed 49
article thumbnail

Sizing Up Banks’ Payment Investment Plans

PYMNTS

Even the 40 percent of banks that said their investment in payments technology is likely to plateau is probably due to these players maintaining an already increased level of spending on this front, according to ACI.

article thumbnail

Payment Industry Trends to Watch in 2024

Evolve Payment

Biometric Payment Authentication Will Gain Traction Enhancing payment security will remain a top priority in 2024. Biometric authentication methods, such as fingerprint recognition and facial recognition, are gaining popularity as they provide a higher security level than traditional PINs or passwords.

article thumbnail

The OBIE marks completion of CMA Open Banking Roadmap on fifth anniversary

Open Banking

Joint Regulatory Oversight Committee: [link] Payment Systems Regulator (PSR): The future oversight of open banking – Joint Regulatory Oversight Committee [link] The revised Payment Services Directive (PSD2) and the transition to stronger payments security: [link] OBIE spokespeople are available on request.

API 52
article thumbnail

Banks’ Definitive B2B Payments Guide To Sibos

PYMNTS

The industry push for SWIFT’s ISO 20022 adoption continues to encourage financial institutions to adopt the payments messaging standard for more efficient transmission of transaction data, which can have particular impact for high-value cross-border B2B payments.

B2B 49