PYMNTS
NOVEMBER 10, 2020
According to Domenico Scaffidi , head of market infrastructures at Volante , there is a bit of a conundrum: While the most obvious value proposition of real-time payments is speed, corporate customers require value-added services alongside real-time payments on the basis that moving money in real time is not enough.
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.
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PYMNTS
DECEMBER 20, 2018
The current market, the company’s report said, involves banks using proprietary payment formats, creating a “potential deadlock: Do banks risk losing business by insisting on using their own formats?” Second, there is likely to be more choice, and therefore more complexity, in payment partners, including both banks and third parties.
PYMNTS
JUNE 15, 2018
A new deal involving SWIFT and 10 Chinese banks represents the latest move in the global competition to facilitate cross-border payments. In a statement , the payments messaging company said the financial institutions (FIs) “have gone live” with the SWIFT Global Payments Innovation (GPI) initiative.
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