Payment processing

The Federal Reserve Banks put the brakes on their planned migration of the ISO 20022 messaging standard, delaying a three-phased migration established in 2017 that targeted November 2020 as the start of that process.

Fair Isaac Corp. has added a platform alongside its 25-year-old FICO Falcon fraud-detection solution for credit and debit cards that aims to ferret out risky and fraudulent real-time payments.

Two months after a successful test to connect banks using the Global Payments Innovation service to faster payments rails in Singapore, Swift is launching a new service to connect with other domestic real-time payments systems.

The industry is waiting to see if banks will get the same no-cost land leases on military bases that credit unions currently enjoy.

When the payments industry's decision makers gathered in Los Angeles at SourceMedia's annual PayThink conference, certain topics dominated the discussion.

Boosted by companies like Klarna, Affirm and Splitit, payment installment plans have become a popular alternative to credit card debt for consumers — and business transactions are the next target.

Since joining U.S. Bancorp in 2007, Leslie Godridge has been largely responsible for building its corporate bank from a regional operation to a nationwide powerhouse.

From her perch atop a global business that processes $455 trillion in payments each year, Diane Reyes sees the push to bring real-time processing to the U.S. through an international lens.

Increased adoption of The Clearing House’s faster payments system could put pressure on community banks and credit unions awaiting the launch of the Fed’s competing service, FedNow.

Infosys has joined Visa B2B Connect, a four-month old Visa hub that cuts indirect processes and intermediaries out of global business transactions.

The fintech is now worth $10 billion more than its top rival, Square; cost cuts, asset growth and share buybacks could offset the headwinds from low rates.

Intermediary banks play a vital role in the complex ecosystem of multi-currency payments, says Nvoicepay's Alyssa Callahan.

Revel noticed its point-of-sale customers were similar to most consumers who don't take advantage of the vast capabilities of their computers or smartphones, or don't even realize what tools exist.

The promise of real-time payments and the reality of the market are often at odds. That’s not a bad thing — it’s a sign there are pockets of demand that weren’t originally foreseen.

As incumbent merchant acquirers have gotten larger through massive M&A deals, Stripe has been bulking up as well, including a fresh investment to fuel a cross-border merchant technology stack.

Online and cloud-hosted B2B services are on the rise, breaking apart traditional payroll and exposing pain points for technology developers to address.

The big payment processor/bank technology mergers that were announced early this year are officially closing, setting the stage for complicated conversions and a fierce battle for customer share.

Arguing more work is needed in the wake of new security protocols, Nets will team with KPMG to jointly develop machine learning-powered fraud monitoring and prevention.

It's not a reaction to JPM Coin, the banks says, but a way to speed up international payments for corporate clients.

Travelex is rolling out a suite of B2B payment services through a new API-based platform and sandbox.