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RT2: A strategic transformation for UK payment providers

The Payments Association

Wider interoperability ISO 20022 interoperability RT2 implements ISO 20022 as its native messaging standard, unlocking enhanced interoperability and richer data capabilities across both domestic and international payment flows. Early adopters will secure a lasting competitive advantage in this evolving landscape.

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BofA Clients Embrace New $10 Million Limit in U.S. Real-Time Payments

Fintech Finance

. “Our clients have been using RTP to pay vendors, employees and customers, but the larger cap has opened up use cases for different kinds of transactions, such as real estate and deal closings and other corporate activity,” said AJ McCray, head of Global Payments Products, Global Payments Solutions (GPS) at Bank of America.

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Three Years On, Open Banking Broadens For Business Banking

PYMNTS

Citi is accelerating its migration to the ISO 20022 payments messaging standard and has tapped a third-party FinTech to aid in the process. Citi is using Volante’s VolPay for ISO 20022 Migration technology to build out its core ISO 20022 capability, which will allow the bank to send and receive messages that use the standard.

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ESG-Linked Payments in Transaction Banking

Finextra

ESG-linked trade finance and cash-management products are booming. Who Can Do What Corporates can set and share clear sustainability KPIs via APIs, fueling bank products like ESG-indexed cash pools. Banks can innovate new products such as green overdrafts, ESG-linked payables financing, and carbon-aware settlement rails.

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ISO20022: The big shift to structured addresses

Finextra

Soon, ISO 20022, a messaging standard designed to improve how payments are processed and communicated, will become the global norm. ISO 20022 was introduced in 2004 and has since been part of a long and complex journey to improve international payment messaging. 26 June Now Hiring All companies Welcome to Finextra.

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First Pacific Bank Expands Its Instant Payments Offerings With Finastra, Driving Growth

Fintech Finance

“Our payments as a service solution provides First Pacific Bank with a modern infrastructure that enables scalability and an enhanced customer experience,” said Radha Suvarna, Chief Product Officer, Payments at Finastra.

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Bank Of England Plans Panel To Standardize Payments Messaging

PYMNTS

continues its move to adopt the ISO 20022 payments messaging standard, the Bank of England is reportedly planning to create a panel aimed at streamlining the adoption of the standard for more efficient payments in the country. As the U.K. This is the latest initiative by the U.K. Earlier this year, the U.K. ” .”