PYMNTS

NOVEMBER 10, 2020

Banks must understand that shift in order to uncover the most valuable B2B use cases, he said – and that means not only embracing new payments technology, but also adopting new business models that can address the shifting needs of corporates. Uncovering The B2B Use Cases. A Payments Culture Shift.

B2B 117

B2B Real Time Payments Value Added Service ISO 20022 117

PYMNTS

AUGUST 7, 2019

The Nets deal, he recounted, follows logically from recent acquisitions, like Vocalink, where infrastructure was the focus but now looks toward applications and new use cases as revenue drivers. The Use Cases. The second use case on offer revolves around bill presentment and payment.

Visa 77

Visa Acquirers Real Time Payments ISO 20022 77

PYMNTS

NOVEMBER 13, 2020

Speaking with PYMNTS, Bryan Beattie , vice president of business operations at Everlink Payment Services , said there is ample opportunity for financial service providers to collaborate and introduce new use cases for instant payments in Canada — with SMBs a greenfield opportunity to gain traction.

Real Time Payments 75

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

PYMNTS

DECEMBER 12, 2019

There are some really strong use cases [of real-time payments] that could address inefficiencies in government payments, if you look at it from a perspective of what the government could get done in areas like tax payments and disbursements like social security,” said Killam. “You What’s especially noteworthy in the current U.S.

RTP 72

RTP Real Time Payments Faster Payments Cross-Border 72

PYMNTS

NOVEMBER 19, 2020

The partnership supports Payment Canada's need for RTR to enable ISO 20022 messaging standards and remain in compliance with the Bank of Canada 's risk management standards for payment systems, an announcement revealed. TOMIA and Clear Embrace Blockchain for Telecom B2B Payments.

B2B 104

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

PYMNTS

NOVEMBER 2, 2020

Depending on the use case and the corporate need, he told Webster, supporting different rails makes sense. Interoperability will get a boost with messaging standards such as ISO 20022. Thus there’ll be no need to pivot to a single set of rails.

B2B 119

B2B Cross-Border Digital Currency Multi-Currency 119

PYMNTS

OCTOBER 2, 2019

The increased use and adoption of P2P technologies, like Zelle and Venmo, demonstrates the consumer demand for this type of frictionless payment option. Settling funds faster, no matter the use case, benefits the entire ecosystem, and takes liquidity risk out of the equation. The Low-Hanging Fruit.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

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). The payments availability will be 24/7/365 and based on ISO 20022 global messaging standards, compliant with the pan-European EPC scheme.

Instant Payments 40

Instant Payments ISO 20022 Message Standards ISOs 40

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

MARCH 17, 2020

Drilling down a bit, Caldeira said that the speeds of money transfers themselves are increasing across any number of use cases and verticals, and crossing borders with growing frequency. With global reach, Caldeira said, comes the need to scale globally, too.

Cross-Border 91

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

PYMNTS

NOVEMBER 18, 2020

Not all that long ago, the first use cases of faster payments were promoted and embraced by payments-focused firms such as payroll providers or third-party payment processors. Chayt added that the move toward real-time reconciliation marks a new phase in the evolution of real-time processes.

Real Time Payments 98

Real Time Payments ISO 20022 Reconciliation Payments 98

Fintech Finance

FEBRUARY 27, 2024

This partnership prepares financial institutions (FIs) to effectively respond to payments industry changes, such as the evolution of ISO 20022 messaging standards and the launch of the FedNow Service.

Instant Payments 52

Instant Payments Payment Solutions ISO 20022 FedNow 52

Fintech Review

APRIL 9, 2025

XDC Network is ISO 20022 -compliant, aligning with the global messaging standard. ISO 20022 is an international standard for electronic data interchange between financial institutions. It enables richer, structured, and more secure messaging for payments, clearing, and settlements.

ISO 20022 52

ISO 20022 ISOs Payment APIs and Integration TPS 52

PYMNTS

MAY 8, 2017

Real-time payments support many use cases that previously were not achievable or which could only run over card rails, and the card rails are very suitable for a pull model,” Hay explained, “whereas real-time payments support the credit push model.”. Of course, real-time ACH payments and card payments are hardly birds of a feather.

Real Time Payments 46

Real Time Payments TCH ISO 20022 ACH 46

Fintech Finance

APRIL 17, 2024

“The Real-Time Rail project (RTR) is an important piece of national infrastructure which will support many services and use cases we are just beginning to imagine, and I look forward to seeing the innovation unfold. Equitable Bank is pleased that this announcement gives more clarity on the path forward for the RTR. .”

ISO 20022 52

ISO 20022 Real Time Payments Participant Payment Message 52

PYMNTS

AUGUST 1, 2018

The number of scheme participants rose from 13 to 21 within the last decade, system oversight has been passed to the New Payments Systems Operator (NPSO) and merchants have increasingly expressed demand for ways to be paid faster — thus creating new use cases for the payments rail. Unifying Systems.

Faster Payments 40

Faster Payments Real Time Payments Payments Online and Mobile Banking 40

Open Banking

AUGUST 30, 2023

Notably, these transactions align with the top three use cases for open banking transactions, ranked in order of volumes: Account top-ups: users embraced the option to top up their e-money transactional or current accounts, as well as savings and investment products. . Create security and messaging standards.

Payments 52

Payments Financial Inclusion Credit Cards Message Standards 52

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

MARCH 12, 2018

Cooke argued that bitcoin and blockchain have their place and use cases in the world. And so we’ve got a brilliant technology [bitcoin] with a use case that just does not exist.”. But digital fiat currencies, he believes, will. Even in an age where piles of cash are supplanted by rows of ones and zeros.

Faster Payments 44

Faster Payments Central Bank Cross-Border Payments 44

PYMNTS

SEPTEMBER 17, 2018

Consumers know that payment methods bearing their brand are accepted at tens of millions of merchants globally and that when they use those products, they work reliably. Retail payments innovators have tapped into that ubiquity-driven certainty to enable new use cases that extend their reach. That creates certainty.

Rules 78

Rules Zelle Payments PayPal 78

The Payments Association

APRIL 14, 2025

Related links: Financial promotion rules for cryptoassets Financial promotions data 2024 Top regulatory priorities for the payments sector Mandatory adoption of ISO 20022 for cross-border payments (final preparations Q2) The transition to ISO 20022 for cross-border payments is a fundamental shift in global financial messaging standards.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88