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Kani Payments , the disruptive global data reconciliation and reporting pioneer, today announces it is ready to support the ISO 20022 global messagingstandard ahead of the November 2025 implementation date.
According to Tom Halpin, head of payment products at HSBC , faster and real-time payment services don’t only provide the value of speed for corporate clients, especially in the context of cross-border transactions. The world is moving more toward standards, and ISO is one of them,” said Halpin. If you’re making a payment from the U.S.
This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. We started on the process of seriously thinking through what it looks like to add value to transactions, even if you don't control the underlying rails.".
In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messagingstandards that enable sending and quickly processing comprehensive payment details. . Deep Data For Swift, Secure Payments .
The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. In the AFP’s latest Electronic Payment Survey , researchers found that check use in B2B transactions is now at an all-time low of 42 percent. Check and ACH transactions have been around for a long time for a reason.
When analysts from SWIFT and its ISO 20022 Registration Authority took a look at the various efforts behind adoption of the global messagingstandard in 2014, a report found that while implementation projects were on their way across Europe, Russia and Africa, among the laggards were the U.S. and Canada.
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