The Fintech Times

OCTOBER 19, 2024

Through its new Instant Payments Service, Broadridge supports real-time money transfers, operating constantly, with transaction processing times of under 10 seconds from payer to beneficiary.

Instant Payments 52

Instant Payments SWIFT Payer Request for Payment 52

PYMNTS

NOVEMBER 13, 2020

Increasingly, said Beattie, online transfers are the preferred payment method of smaller companies, but legacy mechanisms like electronic funds transfers (EFTs) place lag time on the transaction. Enabling real-time payments via Interac can not only help to mitigate those challenges, but also introduce value-added functionality for SMBs.

Real Time Payments 75

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

PYMNTS

AUGUST 28, 2019

Amidst those back-office changes, the shift from electronic batch payments to real-time payments faces a far different kind of adoption challenge, with a burden that weighs more heavily on the financial institution than the corporate payer. Speaking The Same (Payments) Language.

ISO 20022 52

ISO 20022 B2B Real Time Payments ISOs 52

PYMNTS

FEBRUARY 19, 2019

The lack of visibility and data linked to payments has emerged as a focal point for many FinTech firms — with companies like ACH Alert recently announcing a new tool that enables financial institutions (FIs) to more efficiently manage ACH payment file data, or payments messaging firm SWIFT pushing for standardization of that information.

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75

PYMNTS

NOVEMBER 18, 2020

The ability to move money quickly — and to have both the payer and payee know exactly when that transaction occurred — can be an important value-add for businesses that need to get vendors paid quickly to minimize the risk of any supply chain disruption.

RTP 82

RTP Use Case Real Time Payments ISO 20022 82

Seon

JULY 27, 2023

FedNow works by offering banks, credit unions, and other organizations such as retailers a system where they can utilize instant payment services that go through this core process: The payer (e.g. an employer paying an employee their wages) uses an app provided by their credit union to request the desired payment.

FedNow 40

FedNow Federal Reserve ISO 20022 Fraud Detection 40

PYMNTS

SEPTEMBER 27, 2019

The Financial Stability Board released analysis last year that found SWIFT interbank payment messages reflected a 4.1 Criticism of the world’s correspondent banking network continues to mount — and at the same time, the number of correspondent banking relationships is on the decline.

Correspondent Bank 55

Correspondent Bank Correspondent Cross-Border ISO 20022 55

The Payments Association

MAY 16, 2025

ISO 20022 for cross-border payments (Mandatory by 22 November 2025) The global migration to ISO 20022 as the standard for cross-border payments messaging becomes mandatory on 22 November 2025. While merchants are not directly regulated, their back-office systems and payment operations will be affected.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

PYMNTS

MAY 31, 2018

ISO 20022 is designed as a global messaging standard that can be used by all financial standards initiatives. Originally debuted in 2004 and revised in 2013, it is intended to serve as a common platform for payments messaging between systems in the financial industry.

ISO 20022 40

ISO 20022 ISOs Interoperability NACHA 40

PYMNTS

SEPTEMBER 24, 2019

SWIFT gpi Links Into Real-Time Payments. Payments messaging firm SWIFT announced Monday (Sept. 23) that its gpi service can now be integrated into domestic real-time payment systems, enabling banks to wield gpi for real-time cross-border payments.

SWIFT 73

SWIFT Cross-Border Payment APIs and Integration Cross-Border Payments 73