Making cross-border payments work — across currencies and across time zones — is no easy task. The challenges are myriad, marked by (to name just...
Cross-border payments via Swift’s ISO 20022 migration, originally set to roll out by November 2021, have now been set back a year and are expected...
Persuading the 11,000+ financial institutions (FIs) in the U.S. to integrate with a new real-time payments rail is a tough ask, especially when speed of...
PYMNTS recently spoke with Saqib Sheikh, global head of SWIFT’s ISO 20022 program, to learn more about SWIFT’s commitment to assist the financial community in...
Faster and real-time payments still have a long journey ahead toward ubiquity, particularly in the realm of corporate cross-border payments. Interoperability between various markets’ networks,...
Criticism of the world’s correspondent banking network continues to mount — and at the same time, the number of correspondent banking relationships is on the...
The phase 1 implementation of the ISO 20022 migration strategy that was scheduled for November 2020 is being postponed by the Federal Reserve Bank, the...
Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another...
Faster cross-border commercial payments are within reach thanks to global initiatives from the private and public sectors, and to growing consensus among FinTechs and financial...