PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. ” SWIFT pointed to the potential benefits of the ISO 20022 payments messaging standard for corporate payments in particular.

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PYMNTS

NOVEMBER 27, 2019

Further, one of the largest benefits to corporates of faster and real-time payments services is less about the speed and more about the data these networks are able to carry along with a transaction. What Faster Payments Hasn’t Solved … Yet. The world is moving more toward standards, and ISO is one of them,” said Halpin.

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PYMNTS

NOVEMBER 10, 2020

One of the biggest opportunities is in the ability for real-time payments technologies to not just move money quicker, but to also move rich data along with the transaction, particularly amid spreading adoption of the ISO 20022 payments messaging standard.

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PYMNTS

MARCH 9, 2018

SWIFT has offered another update on its blockchain proof of concept (PoC), reiterating its potential to enrich transaction data, support real-time liquidity management and reconciliation and more. While SWIFT said the PoC was successful, it also highlighted some challenges to adoption.

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PYMNTS

JULY 22, 2020

Standardization of payments messaging and enriched data, along with the immediacy of funds, has enabled real-time payments infrastructure to introduce greater value to organizations in areas like financial crime prevention and payment reconciliation. ” Driving Ubiquity.

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PYMNTS

NOVEMBER 13, 2020

Data from real-time payments is another valuable proposition for SMBs and supports enhanced cash flow management as businesses have greater ability to capture transaction data and ingest it into back-office systems.

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

PYMNTS

JANUARY 13, 2017

“Whilst existing DLTs [distributed ledger technologies] are not currently mature enough for cross-border payments, this technology, bolstered by some additional features from SWIFT, may be interesting for the associated account reconciliation,” explained Wim Raymaekers, head of banking market and SWIFT GPI.

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The Payments Association

MAY 16, 2025

While merchants wont be regulated directly, accepting stablecoins as payment will require confidence in the legal status, settlement reliability, and AML compliance of the tokens and intermediaries involved. This is particularly relevant to sectors exploring crypto-native loyalty, cross-border sales, or programmable payments.

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PYMNTS

AUGUST 16, 2019

Forty-seven percent of treasurers said they want visibility into the cost and deductions from a transaction, and 64 percent want real-time tracking capabilities to help reduce the rate of reconciliation errors. More than 110 banks from Europe, Asia Pacific, Africa and the Americas are part of the SWIFT gpi, which has been in a pilot stage.

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PYMNTS

AUGUST 28, 2019

While financial institutions upgraded their technology to handle electronic batch payments, it was corporates’ systems that prevented quicker adoption. The process added friction not only to payment processes, said Cooley, but also in terms of reconciliation and the ability to access payment data.

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ISO 20022 B2B Real Time Payments ISOs 52

PYMNTS

JANUARY 26, 2017

“Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too.

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PYMNTS

NOVEMBER 20, 2018

The release of the Payments API follows Cashplus’ launch of its Account API and Application API as the company builds out its suite of integrations that target business currency accounts. “This is only the beginning of our API roadmap initiatives,” said CEO Rich Wagner in a statement last year.

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API Payment APIs and Integration Small Business Payments 43

The Fintech Times

FEBRUARY 21, 2024

. “Both the Bank for International Settlements’ Committee on Payments and Market Infrastructures’ (CPMI) and the Wolfsberg Group have published reports supporting the inclusion of the LEI within ISO 20022 payment messages.

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PYMNTS

SEPTEMBER 6, 2018

Additional suggested measures included the creation of alerts on breach of control limits and unusual transactions, SWIFT transaction auditing and payment message reconciliation every one or two hours. Bank management officials should also monitor and set corporate customers’ fund and non-fund based limits.

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PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded.

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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.

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PYMNTS

DECEMBER 17, 2019

Citi noted that traditional methods of cross-border accounts receivable are inefficient, involving multiple collections service providers with silos between invoicing, collections and reconciliation.

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PYMNTS

SEPTEMBER 23, 2019

The industry push for SWIFT’s ISO 20022 adoption continues to encourage financial institutions to adopt the payments messaging standard for more efficient transmission of transaction data, which can have particular impact for high-value cross-border B2B payments. Beyond the Payment.

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PYMNTS

MARCH 22, 2018

As the speed of transacting accelerates and the flow of data is enhanced as part of real-time payments, Riddle said this creates new opportunities for financial institutions to offer a more natural and intuitive experience for their customers using voice and visuals. As an example, say a customer has a bill due today.

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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.

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

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.

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Regulations ISO 20022 Cross-Border Legal 88