Disbursements

US Banks Say Instant Payments Need ISO 20022 Standard to Scale Interest in instant payments is growing across the U.S. banking sector, but limited infrastructure and a lack of standardization are hindering payment choices and traceability. In the Disbursements Tracker, a PYMNTS and Ingo Money collaboration, Valley Bank’s Walt Cox explains why FIs see ISO 20022's messaging and interoperability standards as key.
Inside the January Tracker
  • An interview with Valley Bank’s Orlando Santos, senior vice president and director of treasury products, and Walt Cox, first vice president of payments, on the challenges facing the transition to instant payments in the U.S.
  • Notable headlines from the disbursements space, including why 34% of European insurance firms are seeking to enhance their digital payment capabilities and why payors must upgrade their digital payments infrastructure to truly support instant payment experiences
  • A Deep Dive examining how automation and AI can help to keep instant payments’ growth on track