Remove Payment Initiation Remove Reconciliation Remove Remittance Data
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The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

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Equally important to the ISO journey is the data richness it carries, versus some of the underlying legacy systems that are not as robust with information.”. That standardization supports recipients’ reconciliation hurdles, he added, meaning corporates can more quickly turn an incoming credit into applicable, working capital.

ISO 20022 117
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The Canadian Case For ISO 20022

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in its faster payments initiatives. The main drivers behind CPA’s ISO 20022 initiative are to provide the Canadian financial community with enriched, robust remittance data, to enhance domestic and cross-border interoperability and to increase efficiency,” said Mark Brule, director of the CPA’s payments innovations operations.

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Preserving Check Workflows Can Ease B2B Payments Digitization

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.” Virtual checks and application programming interface (API) infrastructures enable seamless integration of electronic disbursement workflows within the rest of the back office to ensure that payment initiation retains the “look and feel” of a paper check payment for the payer.

Checks 67