PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has taken recent steps to promote interoperability of its payments network, recently announcing that it would allow blockchain platforms to loop into SWIFT’s global payments innovations (GPI) service to facilitate real-time transactions. Across the pond, meanwhile, the U.S.’s

Interoperability 61

Interoperability ISO 20022 Cross-Border Correspondent Bank 61

The Payments Association

JUNE 16, 2025

Despite the success of the experiment, no final decision has been made on whether to implement an offline payment functionality if a digital pound were launched. Industry Voices “This research set out to understand what it would take to make peer-to-peer offline payments work – securely, privately and at scale.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

PYMNTS

FEBRUARY 7, 2018

6), highlighting both the cost of payments processing and the inefficiencies involved in the process due to a lack of transparency and data in payment messaging, especially for small businesses (SMBs). These points of friction lead companies to miss out on more than $5 billion in savings, researchers said.

Process 49

Process ISO 20022 Cross-Border Payments Payment Message 49

Trade Credit & Liquidity Management

MAY 29, 2025

It provides a flexible, common platform and methodology for creating standardized, rich, and structured financial messages that enable interoperability among financial institutions, market infrastructures, and their customers worldwide.

ISO 20022 52

ISO 20022 ISOs Compliance Cross-Border 52

PYMNTS

OCTOBER 6, 2017

The solution supports payment files of any format, Fides said, and supports automation while providing added security for these transactions. The platform was built on ISO payment messaging standards, which, according to Fides CEO Andreas Lutz, are “very high and present a lot of challenges for treasury teams.”. “By

Treasury 57

Treasury Treasury Management Message Standards ISOs 57

PYMNTS

JANUARY 13, 2017

12) said SWIFT will launch a proof-of-concept test to explore the use of blockchain technology for cross-border payments and settlements by banks. SWIFT has struggled in recent months with a slew of cyberattacks , with one of the most high-profile attacks targeting the Bangladesh central bank, which uses the SWIFT payments messaging system.

SWIFT 41

SWIFT Blockchain Cross-Border Payments Cross-Border 41

PYMNTS

SEPTEMBER 12, 2019

The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. PYMNTS research released last October in the “ Bringing Corporate Payments Out of the Dark Ages ” webinar revealed 64 percent of B2B payments are made with checks, despite consumer payments’ acceleration toward electronic tools.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

PYMNTS

AUGUST 16, 2019

Financial institutions are facing increased pressure to make cross-border payments fast and seamless as consumers grow used to instant P2P payments and such products in other sectors. Recent American Express research found that greater transparency is one of the top priorities for firms that regularly make international payments.

Cross-Border Payments 81

Cross-Border Payments Cross-Border ISO 20022 ISOs 81

PYMNTS

FEBRUARY 13, 2019

Payments messaging firm SWIFT announced on Tuesday (Feb. ” Indeed, researchers have found evidence that companies are struggling to manage the growing weight of KYC, anti-money laundering (AML) and other financial regulatory compliance demands.

Money Laundering 64

Money Laundering AML Economy SWIFT 64

PYMNTS

MAY 23, 2018

SWIFT Deepens Faster Payments Presence Across Europe. Global payments logistics service provider EFiS is broadening its collaboration with payments messaging firm SWIFT to facilitate connection to faster payments networks in Europe. Yelp Renews Antitrust Complaint Against Google.

Faster Payments 40

Faster Payments SWIFT Payment Message Research 40

PYMNTS

MARCH 9, 2018

In an announcement on Thursday (March 8), SWIFT said its DLT (distributed ledger technology) PoC for Nostro reconciliation went “extremely well,” according to SWIFT Head of Research and Development Damien Vanderveken in a statement.

SWIFT 43

SWIFT ISO 20022 Blockchain Liquidity Management 43

PYMNTS

AUGUST 7, 2020

The trend was exacerbated by the coronavirus crisis, researchers noted, noting that only about half of the number of VC deals closed in Q2 2020 compared to Q1 2019. too, is experiencing a decline in venture capital funding, with investment hitting a seven-year low, the report found.

B2B 100

B2B FinTech Small Business Participant 100

PYMNTS

DECEMBER 23, 2019

Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry , directly to corporates. Twenty-one procurement service organizations have been targeted by fraudsters , according to a new report from security firm Anomali and its Threat Research team.

Law Enforcement 52

Law Enforcement Laws FTC SWIFT 52

PYMNTS

NOVEMBER 3, 2020

FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. China Touts Proprietary Digital Currency.

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

PYMNTS

MARCH 8, 2017

These messaging features can act as an invoicing tool to help users identify the purpose of a funds transfer or a request for payment. Put together, Evers said proxy services and payment messages can offer businesses and consumers faster access to money and greater data on how and why money is exchanged. Beyond the U.K.,

Faster Payments 43

Faster Payments Consumer Payments NACHA 43

Faster Payments Council

SEPTEMBER 12, 2022

In fact, 83% report they already use digital wallets or fintech mobile apps and 62% plan to use faster payments more. A robust information exchange framework with common standards and protocols is a step toward enabling e-invoices and e-remittances support for instant payment messages in the United States.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

PYMNTS

OCTOBER 10, 2017

percent between 2014 and 2014 representing the highest growth in a decade, researchers said. But, despite the increased use of digital payments, cash remains king, especially for low-value transactions. The 2017 report , released Monday (Oct. 9), found non-cash transactions are growing at a healthy rate — with volumes increasing 11.2

B2B 49

B2B Cross-Border Non-Bank Payment APIs and Integration 49

PYMNTS

MAY 3, 2016

Across the board, these players understand the role of faster payments initiatives throughout the globe as key to their strategy development. The worldwide adoption of the ISO 20022 payments messaging standard, too, was cited as a major facilitator of upgrades and changes in banks’ payments infrastructure and practices, researchers found.

ISO 20022 40

ISO 20022 Real Time Payments Payments Non-Bank 40

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.

B2B 49

B2B ISO 20022 Payment APIs and Integration ISOs 49

PYMNTS

MAY 28, 2016

And no research ever published in a peer reviewed scientific journal. Other than the fact that it is a good read, anyone who has taken note of some of the more recent high-profile cyber breaches lately (particularly across the SWIFT messaging system) will note something similar. No scientists though — not a one. Too “top secret.”.

Bitcoin 40

Bitcoin SWIFT Cybersecurity Blockchain 40

Fintech Labs Insights

OCTOBER 16, 2016

A look at the trending topics of the past two weeks, co-authored by Finovate’s research analysts David Penn and Julie (Schicktanz) Muhn. Cardtronics acquires DirectCash Payments. In a $460 million deal, Texas-based ATM operator Cardtronics has acquired Canada-based DirectCash Payments. Big handshakes.

EMV 17

EMV P2P Same Day ACH FinTech 17

PYMNTS

JULY 1, 2019

Blockchain has potential to securely transmit remittance data along with payments in cross-border B2B transactions, enable companies to use smart contracts to enforce business agreements in B2B trade and mitigate the risk of fraud in supply chain transactions. He added, “The hype has started to die down.

Cross-Border Payments 84

Cross-Border Payments Cross-Border Blockchain SWIFT 84

PYMNTS

JUNE 13, 2018

The industry’s budget for blockchain jumped 67 percent last year, researchers found, with a tenth of financial services companies reporting that they spend more than $10 million on distributed ledger technology (DLT). Reports also noted that the number of employees assigned to blockchain projects has doubled year over year.

Blockchain 44

Blockchain Distributed Ledger Technology (DLT) SWIFT Cross-Border Payments 44

PYMNTS

SEPTEMBER 22, 2020

In today’s top payments news around the world, JD.com is working with China’s central bank to advance cryptocurrency, while U.S. WeChat users are reportedly racing to get the Chinese mobile payment, messaging and social media program. Plus, digital payment provider Ant Group is looking for a record return as it goes public.

Central Bank 80

Central Bank Cryptocurrency Online and Mobile Banking Digital Currency 80