PYMNTS

SEPTEMBER 11, 2019

According to the new Simplifying Cross-Border Payments Playbook , there are five key criteria that an ideal cross-border payment solution should meet: speed, security, compliance, transparency and ubiquity. Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction.

Cross-Border Payments 76

Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

PYMNTS

AUGUST 8, 2018

Payments messaging service SWIFT has received clearance to provide access to the Eurosystem’s TARGET Instant Payment Settlement (TIPS) payment scheme, the company said Tuesday (Aug. In an announcement on its website, SWIFT said that, beginning Nov. Both schemes facilitate instant domestic payments.

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SWIFT Instant Payments Real Time Payments Settlement 40

PYMNTS

APRIL 9, 2020

Although SWIFT revealed plans for its account-to-account functionality last month, the announcement only began making headlines a few days ago. Reports have said the move by the payments messaging company positions the firm take on payments giants Visa and Mastercard.

Payment APIs and Integration 83

Payment APIs and Integration Central Bank SWIFT FinTech 83

PYMNTS

OCTOBER 17, 2018

New Payments Platform (NPP) Australia , the nation’s real-time payments service that went live earlier this year, is now seeking collaboration from FinTech firms and developers through the launch of a developer sandbox. Reports in the Australian Financial Review ( AFR ) on Wednesday (Oct.

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API Payment APIs and Integration Overlay Service SWIFT 59

PYMNTS

AUGUST 21, 2019

” Australia’s real-time payments service went live in early 2018 and sought collaboration from FinTech firms and developers through the launch of a developer sandbox.

Payment APIs and Integration 71

Payment APIs and Integration Real Time Payments Breach Data Breach 71

PYMNTS

MARCH 21, 2017

For a few years the corporate banking space has been discussing the potential for ISO 20022 to streamline payments, with industry forces like SWIFT and SEPA promoting its adoption. But, according to Nordea, obstacles remain for ISO 20022 to take off as a payments messaging standard and provide corporates the efficiency they need.

ISO 20022 77

ISO 20022 ISOs B2B Message Standards 77

Payments Source

JUNE 15, 2017

The Society for Worldwide Interbank Financial Telecommunication plans to add instant payments messaging for the European market by late 2018, marking another step in its ongoing faster payments projects.

Instant Payments 60

Instant Payments SWIFT Payment Message Faster Payments 60

Fintech News

DECEMBER 10, 2023

The challenge in international payments primarily revolves around ensuring data accuracy at every step of the payment chain. Edward spoke of the pivotal role of data and technology in creating and validating payment messages. The immediacy of instant payments demands precision and validation.

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Addressing Fraud Prevention Financial Inclusion Payments 122

PYMNTS

DECEMBER 13, 2018

“The partnership is Vocalink’s first fully managed service in Latin America, which will ensure that we continue to provide our payments expertise long after we have implemented the new infrastructure,” said Vocalink CEO Paul Stoddart in the release. SWIFT has said it is working with 14 banks globally.

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SWIFT Payment APIs and Integration Interbank Settlement Faster Payments 53

PYMNTS

AUGUST 28, 2019

With that in mind, one can assume that real-time payment technologies are far from the top of businesses’ priorities when it comes to embracing new payment processes. Indeed, real-time payments adoption hurdles may be easier to clear for businesses. Speaking The Same (Payments) Language.

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ISO 20022 B2B Real Time Payments ISOs 52

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

AUGUST 15, 2019

Deep Data For Swift, Secure Payments . ISO 20022 introduced a range of data fields that allow transactional details to be remitted along with payments. SWIFT’s decision caused the Australian Payments Council (APC) and the Reserve Bank of Australia to migrate some of the country’s payments systems to ISO 20022 as well.

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

FEBRUARY 18, 2019

Blockchain firm R3 recently formed a partnership with payments messaging firm SWIFT , a deal that will see SWIFT link R3’s blockchain platform with its gpi framework, which has become a key component of SWIFT’s cross-border B2B payments operations.

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B2B Cryptocurrency Payments Blockchain 70

PYMNTS

SEPTEMBER 23, 2019

As businesses continue this shift, it is no longer safe to assume that corporates are not interested in faster payments. Indeed, 55 percent of corporate professionals say real-time payments is their top B2B payments service priority, PYMNTS and American Express note in their latest Securing B2B Payments Report.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

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 57

Blockchain Cross-Border Payments B2B Cross-Border 57

PYMNTS

DECEMBER 17, 2019

Meanwhile, payments messaging firm SWIFT recently announced that its gpi service can now integrate into domestic real-time payment systems, enabling banks to wield gpi for real-time cross-border payments.

Central Bank 52

Central Bank Global Payments Cross-Border Payment APIs and Integration 52

PYMNTS

JULY 28, 2016

In order to truly grasp what ISO 20022 is, it may help to start with what it’s not, especially when its increase in popularity these days has been as a result of the conversations taking place around real-time payments. It’s not one and the same.”. DEFINING THE VALUE BY WALKING BACK CONVERSION.

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ISO 20022 ISOs NACHA ACH 40

PYMNTS

SEPTEMBER 24, 2019

For today’s payment service providers, accelerating payments across borders means either developing new infrastructure, or making use of existing rails, to move money around the world. Below, PYMNTS looks at the latest news in cross-border payments innovation as industry players complete, collaborate and innovate.

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

PYMNTS

MARCH 26, 2018

SWIFT’s gpi initiative is broadening payment tracking capabilities, according to a press release from the payments messaging organization. SWIFT rolled out the gpi Tracker solution last year as a solution to help treasurers track payments in real time with a focus on cross-border transactions.

Real Time Payments 43

Real Time Payments SWIFT Cross-Border Payments Cross-Border 43