March 10, 2025 marks an important date in the journey toward modernizing legacy payment systems. This article will provide context behind Fedwire’s impending migration and explain what banks stand to gain from ISO 20022 compliance.
The second blog in a two-part series focusing on the role of data, intelligence, and risk in the modernization of payments for the new era.
Fraud concerns, demand for cross-border transactions and more — see part 2 of Volante’s annual U.S. Faster Payments Barometer survey.
We look at the current state of instant payments in Spain and the broader Iberian Peninsula, in addition to highlighting some unique opportunities for banks throughout the region to emerge at the forefront of innovation.
The Federal Reserve recently announced that its long-awaited instant payments service, FedNow, will officially begin operating in July, 2023. The service has been in the works for quite some time, with more than 100 payments processors and financial institutions having already participated in an initial pilot program.
Los pagos en tiempo real son tendencia en países de todo el mundo, y Latinoamérica no es la excepción. En nuestra reciente encuesta de LinkedIn sobre los pagos digitales en Latinoamérica, el 76% de los encuestados afirmó que los pagos en tiempo real son la tendencia de pago digital más notable en la región.
In the third and final edition of this blog series, we take a closer look at the instant payments journey and address communicating the value of instant payments to secure approval and support from the C-suite.
In part two of this blog series, we’ll take a closer look at how respondents are approaching key interoperability challenges and the integration of emerging networks, as well as the increasing role of cloud and PaaS solutions in accelerating global payments modernization.
While it may feel like a bare-minimum approach ahead of the imminent FedNow rollout, launching instant payments in receive only mode is actually an incredibly smart strategy for banks not ready to go all in and comes with a number of significant benefits.
Highlighting the importance of ISO 20022 adoption, addressing some common challenges facing participants in the UK payments ecosystem, and identifying the essential elements of a smart modernization strategy.
