PYMNTS

FEBRUARY 26, 2020

Richer Data With A Little Help From Our Friends . While there are many benefits to adopting ISO 20022, the key factor that has consistently garnered the most attention is the delivery of richer payments data.

ISO 20022

PYMNTS

SEPTEMBER 11, 2019

In an interview with PYMNTS , Citi’s Global Head of Payments and Receivables Manish Kohli explained how APIs that pre-validate payments data can reduce errors and costs while improving speed.

Cross-Border Payments

PYMNTS

JUNE 7, 2018

’s payments messaging operations through the planned adoption of the ISO 20022 messaging standard, the bank announced Wednesday (June 6). The Bank of England is streamlining the U.K.’s The central bank added that it does not expect to migrate the CHAPS scheme to ISO 20022 until 2021 at the earliest.

ISO 20022

PYMNTS

JUNE 22, 2016

Last January, the bank was part of a group of financial institutions that signed onto SWIFT’s global payments innovation initiative , an effort to streamline cross-border payments via the SWIFT payments messaging network.

Cross-Border Payments

PYMNTS

FEBRUARY 19, 2019

Yet, another key factor behind faster payments’ inability to accelerate supplier payments, both across Europe and in the U.S., is a lack of remittance data, he said. ” That disconnect can be found in many transactions, whether via faster payments infrastructure or other rails.

Faster Payments

PYMNTS

NOVEMBER 18, 2020

And because RTP transactions are cleared and settled in real time, added Ledford, this also takes away the credit risk associated with other methods of B2B payments. It's helping to both speed up payments and create more confidence and certainty in the B2B payment process," he said.

RTP

PYMNTS

MAY 12, 2020

He recommends digitizing key components of paper check payments, including the automatic capture of payment data and integration with firms’ enterprise resource planning (ERP) and other back-office systems. They’re foundational, and a lot of people still like using them,” he said.

B2B

PYMNTS

MARCH 16, 2016

That’s probably sound advice for any market hoping to achieve faster, more efficient payments — especially cross-border — by adopting a unified payments messaging system. Existing payment standards are limited in the amount of remittance information they can support,” concluded the CPA.

ISO 20022

PYMNTS

JANUARY 26, 2017

Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too. Further, blockchain, Finlync said, negates the need for participants to align with what the company described as “complex” payments messaging standards like ISO.

Blockchain