PYMNTS

NOVEMBER 10, 2020

For financial service providers, instant payments offers a chance to open up new revenue streams and develop new services for corporate clients. Interest in faster payments is also on the rise for corporates, though their adoption of real-time payments won’t look the same as it does in the B2C world.

B2B 117

B2B Real Time Payments Value Added Service ISO 20022 117

PYMNTS

JANUARY 17, 2017

But the potential of near-real-time payments offered by Faster Payments can only be realized when financial service providers join that scheme. Last week, Faster Payments aimed to ease the friction associated with getting financial service providers on board with the scheme. s broader faster payments efforts.

Faster Payments 43

Faster Payments ISO 8583 ISO 20022 Message Standards 43

Fintech News

AUGUST 8, 2024

As the industry evolves, adopting robust standards like ISO 20022 becomes crucial for driving these benefits. B2B payments service provider Bottomline ‘s on-demand webinar, “Championing Swift Connectivity for Private Banks and Asset Managers in APAC,” explores these critical developments in depth.

ISO 20022 128

ISO 20022 APACS SWIFT ISOs 128

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. This spirit of cooperation fueled by data is also promoting the creation and expansion of ecosystems of service providers fueling cross-border B2B payments.

Cross-Border 97

Cross-Border B2B Payment APIs and Integration ISO 20022 97

PYMNTS

MAY 1, 2019

Volante explained that VolPay-as-a-Service supports management of a range of corporate enterprise resource planning and acknowledgement formats to streamline corporate customer on-boarding for financial institutions, automating the process of connecting businesses to payment service providers via API. financial institutions.

ISO 20022 66

ISO 20022 Same Day ACH Cross-Border Payments Payment APIs and Integration 66

PYMNTS

AUGUST 1, 2019

Financial service providers are operating in a global payments market filled with disruption as they work to offer cross-border corporate payment services that live up to businesses’ standards.

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

SEPTEMBER 22, 2016

21) it continues to register a strong growth rate in the number of payment service providers (PSPs) confirming their interest in its pan-European instant payment service, which is on schedule to be delivered in Nov. EBA CLEARING announced on Wednesday (Sept.

Instant Payments 55

Instant Payments Real Time Payments Message Standards Payments 55

PYMNTS

JANUARY 20, 2021

In an effort to simplify B2B payments for Australia, FinTech service provider WEX is teaming with digital business management technology company MYOB. The tie-up provides WEX clients with access to MYOB's business payment technology for vendor payments through WEX virtual credit cards, according to an announcement.

ISO 20022 64

ISO 20022 ISOs B2B Cross-Border 64

PYMNTS

NOVEMBER 19, 2020

As Canada gears up to launch its real-time payments system, the Real-Time Rail (RTR), Payments Canada , the entity at the head of the initiative, has announced that Mastercard -owned Vocalink has been chosen as the clearing and settlement solution provider for the new payment rail.

B2B 104

B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104

The Payments Association

JANUARY 31, 2025

However, the emergence of decentralised finance (DeFi), virtual asset service providers (VASPs), and borderless crypto transactions has created significant challenges for the FATFs framework, making enforcement and compliance more complex.

Travel Rule 88

Travel Rule Wire Transfer Rules Wire 88

PYMNTS

MARCH 17, 2020

As Caldeira told PYMNTS, “You need to integrate all these networks together to exchange the messages … nothing else can happen without industry-level agreements.”. However, even with messaging standardization undertaken at country or industry level, there is still a risk that cross-network integration gets done on a peer-to-peer basis.

Cross-Border 91

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

PYMNTS

NOVEMBER 18, 2020

Looking ahead, financial services providers and their business clients will have to explore an expanding list of value propositions surrounding the RTP network for corporates and SMBs in order to understand how real-time payments can benefit both senders and receivers. But there is more work to be done.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

NOVEMBER 13, 2020

In Canada , one of the most popular means of instant payments is the Interac eTransfer service, which facilitates real-time movement of funds from one account to another.

Real Time Payments 75

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payment APIs and Integration 75

PYMNTS

JANUARY 26, 2017

Once live, account servicing payment services providers can work with any payments denominated in the euro that are, in turn, compliant with messaging standards (ISO 20022). Therefore, the underlying infrastructure “must be as robust and flexible as possible” in supporting payment service providers.

Instant Payments 40

Instant Payments ISO 20022 Message Standards ISOs 40

PYMNTS

FEBRUARY 6, 2020

This week’s look at the latest in Open Banking and bank-FinTech collaboration initiatives explores how service providers throughout the globe are unlocking data and embracing API integrations to elevate financial services — with a particular focus on small businesses (SMBs). Nacha Unlocks Payments Data.

Payments Data 73

Payments Data Payment APIs and Integration Credit Union NACHA 73

PYMNTS

OCTOBER 10, 2016

ISO 20022, which is designed to set the tone for global financial industry messages, provides a standardized approach to building messaging standards across financial services. As Throckmorton pointed out, it’s not about moving money but more about making processes better, more standard and more secure.

Same Day ACH 76

Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

JULY 31, 2018

These range from a new software tool intended to help banks offer Real-Time Payment services, to the Federal Reserve’s proposal to adopt a messaging standard that enables easier interactions between its real-time gross settlement system and other payment systems.

Real Time Payments 59

Real Time Payments Payment Networks Faster Payments Online and Mobile Banking 59

PYMNTS

JANUARY 17, 2017

Alongside the expansion of payments technologies, payment testing service providers have had to grow and flex to meet market needs. PYMNTS wanted to know more about how FinTech has forced financial service providers to change the way they deliver payment solutions and change the way they approach the testing of those payment tools. “A

ISO 8583 49

ISO 8583 ISO 20022 ISOs Faster Payments 49

PYMNTS

APRIL 19, 2017

According to EBA Clearing, account-servicing payment service providers across Europe will be able to use the technology for payments made in Euros starting in November of this year. Reports in January first surfaced that EBA Clearing was testing its own real-time payments solution compliant with EU payment standards.

Real Time Payments 40

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

PYMNTS

JANUARY 20, 2017

19) that its service is compliance with the European Payments Council’s (EPC) SCTInst Scheme, a instant credit transfer payment scheme, and is aligned with ISO 20022 messaging standards. According to the company, its platform is still slated for full launch in November of this year as more payment service providers get on board.

Real Time Payments 40

Real Time Payments ISO 20022 Payments Tools Message Standards 40

PYMNTS

AUGUST 13, 2019

Financial messaging service provider SWIFT , for one, recently tested an effort to send money instantly between countries’ real-time payment systems. Around the Faster Payments World. While the Federal Reserve dives into domestic faster payments, other players have been working to accelerate money globally.

On-Demand 62

On-Demand ISO 20022 Federal Reserve Faster Payments 62

PYMNTS

DECEMBER 12, 2019

Among the largest is the pain experienced among financial service providers and corporates when considering how, exactly, to update back-end infrastructure to support emerging real-time payments technologies. An embrace of global standards like the ISO 20022 messaging standard will be key, said Killam.

RTP 72

RTP Real Time Payments Faster Payments Cross-Border 72

Open Banking

JULY 23, 2024

Notes to editors: The recent growth in users has bucked trends from previous years: There has been higher growth in Payment Initiation Service (PIS) users over the past 12 months (61% year on year) However, growth of Account Information Service (AIS) users has also steadily accelerated in recent months (currently 27% year-on-year).

Small Business 80

Small Business Message Standards Regulations Economy 80

The Fintech Times

JULY 20, 2024

Problems caused by another ‘glitch’ in a content update for devices running Microsoft Windows, originating from a cybersecurity service provider Crowdstrike. This has included using new technology and messaging standards (ISO 20022) to improve performance, data quality and operational efficiency.

Payments 122

Payments Mitigation Cybersecurity ISO 20022 122

PYMNTS

MARCH 14, 2019

In cross-border payments, the drive for speed and efficiency has also resulted in rising concerns over service providers’ ability to more quickly identify and remedy fraudulent transactions. As the payments landscape continues on its path of innovation, new challenges continue to emerge.

Global Payments 77

Global Payments Cross-Border Payments Cross-Border ISO 20022 77

PYMNTS

AUGUST 21, 2020

In addition to open banking initiatives, efforts from both the private and public sector to improve existing payment rails, develop new ones and promote payments messaging standardization (though standards like ISO 20022) have also heightened the FinServ industry’s focus on combatting cross-border payments friction.

Multi-Currency 69

Multi-Currency Cross-Border Payments Cross-Border Finance 69

PYMNTS

AUGUST 7, 2020

She said that broad access will also come with interoperability, as the Fed will use the widely accepted ISO 20022 messaging standard to help route payments through FedNow or other payment services.

Fed 75

Fed Instant Payments FedNow Interbank Settlement 75

PYMNTS

MARCH 1, 2019

It’s not just direct participants who are taking advantage of these payments schemes — financial services providers such as Fiserv are also working to extend access by offering FIs real-time payments connectivity and processing solutions. These messaging standards attach more data to the transactions. trillion ($2.25

Faster Payments 53

Faster Payments Real Time Payments Security Message Standards 53

Fintech Review

APRIL 9, 2025

This upgrade enhances payment reliability and speed, making it particularly attractive for fintech applications and payment service providers looking to build on fast, low-cost infrastructure. XDC Network is ISO 20022 -compliant, aligning with the global messaging standard.

ISO 20022 52

ISO 20022 ISOs Payment APIs and Integration TPS 52

PYMNTS

SEPTEMBER 10, 2019

Solutions like Visa B2B Connect are able to address both the need for ease-of-use and access to data through measures like adoption of the ISO 20022 messaging standard, which enables seamless exchange of payment data. Easing Friction Across Borders. Speed Takes Center Stage. Small Business’ No Longer Means ‘Small Value’.

B2B 59

B2B Cross-Border Payments Payer 59

PYMNTS

SEPTEMBER 21, 2016

PeerTracks has a solution that allows artists to interact with their fanbase by acting similarly to a digital service provider. The International Organization for Standardization — knowns as ISO — has reportedly given Australia clearance for its proposed blockchain standards development plan. No middleman (or woman).

Blockchain 74

Blockchain ISOs Blocks Message Standards 74

PYMNTS

DECEMBER 4, 2018

a Bank of England consultation about the embrace of messaging standards – specifically, ISO 20022 – has garnered support of a Common Credit Message (CCM) that looks for harmonization of messaging across interbank payment efforts. 21 of 2017.

Instant Payments 50

Instant Payments ISO 20022 SWIFT ISOs 50

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. But it's not only consumers driving demand for real time. and abroad.

Use Case 56

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

PYMNTS

MAY 6, 2019

In terms of functionality and bill management activities, Mastercard Bill Pay Exchange allows consumers to see when bills are due, view details about the services provided and the payments required, and make payments with choices in the mobile apps that include, but are not limited to, card or ACH rails.

Visa 57

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

Open Banking

JANUARY 13, 2023

Third Party Providers (TPPs) are organisations or natural persons that use APIs developed to Standards to access customer’s accounts, in order to provide account information services and/or to initiate payments.

Regulations 52

Regulations API Message Standards Small Business 52

PYMNTS

SEPTEMBER 7, 2017

In this regard, the Fed stands largely as a supporter and said it will explore its need, if any, to serve as a service provider. This includes the implementation of ISO 20022 messaging standards across organizations like NACHA and SWIFT.

Fed 49

Fed Federal Reserve Cross-Border Payments Cross-Border 49

PYMNTS

NOVEMBER 2, 2017

Corporate finance executives and financial service providers quickly acknowledged a dramatic change in the treasury department: Over the last decade, the corporate treasurer has become a strategic component of the enterprise, driving growth in a challenging, constantly changing market.

Risk 40

Risk Innovation Treasury Treasury Management 40