ISO 20022

CHIPS Marks Migration to ISO 20222 Messaging
CHIPS Marks Migration to ISO 20222 Messaging
April 10, 2024  |  Payment Methods

The Clearing House says its CHIPS network has migrated to the ISO 20022 messaging format. The adoption of this format by CHIPS (Clearing House Interbank Payment...

READ MORE >
Commerzbank to Integrate PPI Platform, ISO 20022 for X-Border Payments
Commerzbank to Integrate PPI Platform, ISO 20022 for X-Border Payments
April 04, 2024  |  Banking

Commerzbank is updating its payments platform in Germany to execute cross-border payments. The bank will use the Swift network to process cross-border payments and the...

READ MORE >
ISO 20022 Migration Faces Fragmentation, Deadline Pressures as Rollout Accelerates
ISO 20022 Migration Faces Fragmentation, Deadline Pressures as Rollout Accelerates
March 19, 2024  |  B2B Payments

ISO 20022 migration is increasingly top of mind for the world’s payments players. That’s because the open global standard for financial messaging is fast approaching...

READ MORE >
G20 Lays Out Cross-Border Payments Roadmap
G20 Lays Out Cross-Border Payments Roadmap
February 29, 2024  |  Cross-border Payments

In 2020, the G20 leaders endorsed a roadmap to improve cross-border payments experiences and infrastructure.  The goal was to make cross-border payments cheaper, faster, more transparent, and...

READ MORE >
ISO 20022 Can Help Solve X-Border ‘Failed Payments’ Frictions, But Challenges Remain
ISO 20022 Can Help Solve X-Border ‘Failed Payments’ Frictions, But Challenges Remain
January 22, 2024  |  Cross Border Commerce

The farther payments travel, the greater the potential is for failure. Cross-border transactions, as they wend their way across currencies and time zones, with any...

READ MORE >
Bank Data Silos Need Breaking for Open Banking to Succeed
Bank Data Silos Need Breaking for Open Banking to Succeed
November 22, 2023  |  Digital Banking

Serena Smith, chief client officer at i2c, told PYMNTS that the shift to faster payments and open banking will spur financial institutions to take a...

READ MORE >
B2B Payments Need ‘Foundational Infrastructure Layer’ as Faster Account-to-Account Beckons
B2B Payments Need ‘Foundational Infrastructure Layer’ as Faster Account-to-Account Beckons
November 14, 2023  |  B2B Payments

The business payments landscape was stable for decades, Form3 CEO Mike Walters told Karen Webster. Regular ACH payments were the norm, and any pain points...

READ MORE >
Fedwire Will Get Boost From ISO 20022 and Data-Rich Messaging
Fedwire Will Get Boost From ISO 20022 and Data-Rich Messaging
November 07, 2023  |  Real-Time Payments

The Fedwire service continues to gain adherents and promises to transform payments. And as ISO 20022, the data-rich messaging standard, moves through a staggered implementation...

READ MORE >
Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant
Over 70% of Consumers Do Not Believe Real-Time Payments Are Truly Instant
November 03, 2023  |  Faster Payments

Consumers are increasingly embracing the immediacy and transparency offered by real-time payments. And the migration to ISO 20022, a new global standard for secure and...

READ MORE >