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.

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

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

The Fintech Times

MAY 2, 2025

In its latest white paper, ‘ ISO 20022 Migration 101: Steps and Strategies for Banks ‘, BPC offers a guide tonavigating one of the most critical transitions in the global financial ecosystem: the shift to ISO 20022 messaging standards.

ISO 20022 55

ISO 20022 ISOs Compliance SWIFT 55

PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction.

Cross-Border Payments 76

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

PYMNTS

DECEMBER 12, 2019

continues to take significant steps toward a faster payments ecosystem , the market undoubtedly lags behind others across the world in the path toward real-time payments ubiquity. real-time payments journey in a recent interview with PYMNTS. Though the U.S. unlike markets like the U.K.

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RTP Real Time Payments Faster Payments Cross-Border 72

PYMNTS

NOVEMBER 18, 2020

The Clearing House 's RTP network is now several years old, and while the real-time payments capability is gaining traction, adoption in the B2B landscape remains muted. Indeed, it can be difficult for businesses to change their payment habits. Today's Most Valuable Use Cases. But certain trends are emerging.

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RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

MARCH 21, 2017

For a few years the corporate banking space has been discussing the potential for ISO 20022 to streamline payments, with industry forces like SWIFT and SEPA promoting its adoption. But, according to Nordea, obstacles remain for ISO 20022 to take off as a payments messaging standard and provide corporates the efficiency they need.

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ISO 20022 ISOs B2B Message Standards 77

PYMNTS

APRIL 29, 2019

An interoperable cross-border solution could remove these frictions and provide smooth transfers between two real-time payment systems, while a single, globally accessible faster payments service could offer swift end-to-end transfers. Privately-owned companies are also looking to solve the cross-border payments problem.

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Interoperability ISO 20022 Instant Payments Cross-Border 77

PYMNTS

FEBRUARY 7, 2017

One of the handful of these aggregators is B2B payments company Bottomline Technologies, which is now working with transaction processing firm NCR Corporation. NCR Marketing Director Andy Brown told PYMNTS that the evolution of faster and real-time payments in the U.K. is all about flexibility.

Faster Payments 46

Faster Payments Technology Real Time Payments ISO 20022 46

PYMNTS

AUGUST 7, 2019

Vocalink’s infrastructure has underpinned real time payments platforms in countries as far flung as Peru and Saudi Arabia. More recently, Mastercard, with Vocalink, struck a deal with P27 Nordic Payments Platform to provide the Nordic market with a real time and batch payments system. The Use Cases.

Visa 77

Visa Acquirers Real Time Payments ISO 20022 77

PYMNTS

JANUARY 17, 2017

s Faster Payments scheme is a critical component of the nation’s push towards real-time payments. The scheme offers real-time credits for payments made online, via mobile device and over the phone, when payments are valued at about $300,000 or less — making it a main player in P2P and SME payments.

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Faster Payments ISO 8583 ISO 20022 Message Standards 43

Fintech News

OCTOBER 15, 2024

In today’s fast-paced technological landscape, sticking with legacy systems can leave financial institutions lagging behind. With the rapid evolution of payment methods and regulations, banks must stay ahead of the curve or risk being left out of the game. There are typically two main approaches.

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ISO 20022 ISOs Payments Federal Reserve 113

PYMNTS

OCTOBER 2, 2019

That’s a staggering leap from the 14 live faster payment schemes that existed worldwide in 2014, when FIS first released Flavors of Fast. “If The increased use and adoption of P2P technologies, like Zelle and Venmo, demonstrates the consumer demand for this type of frictionless payment option. The Low-Hanging Fruit.

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C2B Faster Payments Real Time Payments Lockbox 81

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.

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ISO 20022 Real Time Payments B2B ISOs 52

PYMNTS

JANUARY 7, 2021

Rather than viewing payments and data as two "parallel tracks," initiatives like the ISO 20022 messaging standard have helped to fuel their coupling. As Thakur noted, the opportunity to consolidate complex systems through treasury and banking integrations is vast. Emerging Ecosystems.

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Cross-Border B2B Payment APIs and Integration ISO 20022 97

PYMNTS

AUGUST 7, 2020

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. As for a time frame for launching the new system, Fed officials said in a webcast detailing the particulars that FedNow would debut in 2023 or 2024 and would take a phased approach to implementation.

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Fed Instant Payments FedNow Interbank Settlement 75

Fintech News

DECEMBER 10, 2023

These reports from invested financial and technology players provide in-depth insights into areas such as identity fraud, the integration of artificial intelligence in banking, and the evolving landscape of digital payments.

FinTech 124

FinTech Cross-Border Cross-Border Payments Deepfake 124

PYMNTS

AUGUST 13, 2019

Federal Reserve’s announcement that it will launch its own real-time payment and settlement system called FedNow. The much-awaited decision dismayed large banks that regard a government-run system as unnecessary competition with their own real-time rail, The Clearing House’s Real Time Payments (RTP).

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On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. OpenPayd Debuts Real-Time FX.

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

The Payments Association

FEBRUARY 14, 2025

Is the industry prepared to handle the growth in digital-first payments, or will slow adopters be left scrambling to retrofit legacy infrastructures? Despite the overall understanding that modernisation is essential, legacy technologies hold many institutions back. Challenger banks and fintechs face no such burden.

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ISO 20022 Payment APIs and Integration ISOs Central Bank 100

PYMNTS

MARCH 17, 2020

Simply put, the back-office systems are ill-equipped to handle the demands of technological innovation, especially as financial services cross channels. You want to provide your customer with new and differentiated services, but at the same time, there are limitations to systems’ ability to scale without affecting stability or performance.”.

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Cross-Border Innovation Payment APIs and Integration Cross-Border Payments 91

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

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. . ISO 20022 is becoming more prominent, but many FIs must adopt it before its interoperability can be fully realized.

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ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

OCTOBER 10, 2016

In the previous episode of NACHA’s Countdown to Same Day ACH podcast series, NACHA President and CEO Jan Estep identified the overlaps, complements and implications of all the initiatives under the faster payments umbrella — namely, real-time payments, Same Day ACH and blockchain. The Road To Process Improvement.

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Same Day ACH ACH ISO 20022 NACHA 76

Fintech Finance

APRIL 17, 2024

As part of Payments Canada’s larger Modernization initiative, IBM Canada was the lead technology partner for the successful implementation and operation of Lynx, Canada’s high-value payment system, a key system underpinning the Canadian economy.

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ISO 20022 Real Time Payments Participant Payment Message 52

PYMNTS

MAY 6, 2019

Mastercard said on Friday (May 3) that is acquiring Transactis , a bill payment platform, in an effort to streamline bill presentment and payments. Consumers will be able to pay bills instantly and directly from their bank accounts, and payments will settle in seconds, rather than days.

Visa 57

Visa Payment APIs and Integration ISO 20022 Online and Mobile Banking 57

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.

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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. Real-Time Payments A Bust? Geographical Insight .

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ISO 20022 Real Time Payments Payments Non-Bank 40

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. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too.

Blockchain 57

Blockchain Cross-Border Payments B2B Cross-Border 57

PYMNTS

AUGUST 16, 2019

The cross-border payment space is ready — and perhaps overdue — for disruption. Change is being fueled by shifting regulations and emerging digital technologies that enable faster payment capabilities. Effective cross-border payments need systems that enable them to shift away from legacy infrastructure.

Cross-Border Payments 54

Cross-Border Payments Cross-Border ISO 20022 Interoperability 54

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 17, 2018

Processers enable push payments via a debit card as an alias, giving companies new options and the certainty of getting money instantly into the bank accounts of their customers. We see similar dynamics at play in the B2B payments space around the notion of real-time payments.

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Rules Zelle Payments PayPal 78

Evolve Payment

SEPTEMBER 29, 2023

Contactless Payments Surge Contactless payments gained momentum during the COVID-19 pandemic and show no signs of slowing down. The technology is improving, and companies are releasing innovative new solutions regularly to meet demand. In 2024, we can expect contactless payments to become even more widespread.

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Industry Trends Contactless Payments ISO 20022 Cross-Border 52

PYMNTS

JULY 3, 2018

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. Looking Back on 10 Years of Faster Payments in the UK.

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Faster Payments Cross-Border Zelle Payments 40

PYMNTS

SEPTEMBER 23, 2019

Indeed, 55 percent of corporate professionals say real-time payments is their top B2B payments service priority, PYMNTS and American Express note in their latest Securing B2B Payments Report. On average, an organization will manage 300 APIs.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

AUGUST 5, 2019

Financial players’ attempts to address such issues include offering pre-validation services to confirm payment details prior to initiating payments, creating regional instant payment schemes or making domestic real-time payment systems interoperable to quickly move funds.

Cross-Border 46

Cross-Border ISO 20022 Cross-Border Payments Payment APIs and Integration 46

PYMNTS

MARCH 12, 2018

“By definition, when you make a payment, you need to know who the other party is. Otherwise it is an illegal payment. And so we’ve got a brilliant technology [bitcoin] with a use case that just does not exist.”. That license, so to speak, does not exist with blockchain technology.

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Faster Payments Central Bank Cross-Border Payments 44