Remove Payment Message Remove Remittance Data Remove Technology
article thumbnail

The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

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.

ISO 20022 117
article thumbnail

Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

PYMNTS

.” Large enterprises are locked into their payment habits and complex, legacy ERP systems, so initiating any change in technology or behavior is no easy feat. Yet, another key factor behind faster payments’ inability to accelerate supplier payments, both across Europe and in the U.S., and Europe have imposed.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Challenges And Benefits Of ISO 20022 Migration

PYMNTS

SWIFT’s decision to replace its existing cross-border payment messaging service with ISO 20022 represents another significant push in that direction — one that could have ripple effects. Some financial players suggest that companies may have to make serious choices between ISO 20022 and other modern technologies.

article thumbnail

Chase, AFP Applaud B2B’s Shrinking Check Use

PYMNTS

While more businesses are not only shifting away from paper, but operating with an embrace of digitization, the AFP and JPMorgan warned that checks remain popular and are far from being gone for good in the corporate payments ecosystem.

AFP 51
article thumbnail

Why Blockchain Holds Promise For Cross-Border Payments

PYMNTS

Blockchain has caught the attention of several FIs, especially for B2B and cross-border payments, even if there’s not yet consensus on how to best deploy it in real-world situations. Some of these partners — think of the knowledge they bring to the table and technology they already have.