The ISO Real-Time Payments Group (RTPG), which comprises over 50 global experts under the guidance of trade body Payments UK, reached a milestone yesterday (Aug. 10) by publishing the first draft of synchronized standards for cross-border real-time payments.
What has paralyzed progress in the U.S. on the global standard for financial messaging, ISO 20022? In a word: risk. Across Europe, 20 financial organizations have already gone live with payments messaging services that meet the standard, thanks largely to the E.U.’s Single Euro Payments...
The government’s anti-trust case against American Express is predicated on a straight-forward concept: retail card fees would drop if Amex abandoned its exclusivity strategy. An economist argued to the federal judge, though, that such a premise is flawed and “has a gaping hole in it.”...
August 11, 2015
The ISO Real-Time Payments Group (RTPG), which comprises over 50 global experts under the guidance of trade body Payments UK, reached a milestone yesterday (Aug. 10) by publishing the first draft of synchronized standards for cross-border real-time payments.
