The Clearing House says its CHIPS network has migrated to the ISO 20022 messaging format. The adoption of this format by CHIPS (Clearing House Interbank Payment System) enhances the efficiency of payments processing, The Clearing House (TCH) said in a news release on Wednesday (April 10), two...
Payments messaging standards are a critical component of interoperability between the increasing number of payment networks around the world. As a method of “speaking the same language,” between various networks and banks, these standards elevate the efficiency of both domestic and cross-border transactions, promote security...
Talk of a venture capital plummet continues to grow, particularly in Europe, where new data from Consultancy Europe revealed that the number of venture capital deals for startups across the continent has declined every quarter since Q1 2019. The trend was exacerbated by the coronavirus...
With faster and real-time payments progress being made in the U.S. on multiple fronts, consumers are often at the focus of emerging conversations about the implications of speed in the payments ecosystem. While, indeed, real-time payments will have an impact on the way consumers pay...
April 11, 2024
A migration to a new standard — a common payment processing language — for cross-border payments is no mean feat. Legacy tech, the shift to straight-through processing, staggered industry timelines and compliance deadlines have all posed challenges to banks and to the payments systems themselves. On Monday (April 8), and as announced Wednesday (April 10), The […]
August 10, 2020
Payments messaging standards are a critical component of interoperability between the increasing number of payment networks around the world. As a method of “speaking the same language,” between various networks...
March 07, 2017
New payment solutions are not only allowing payments to be sent faster, they’re also simplifying the process for users and merchants to send money between parties. Several institutions – including...
April 10, 2024
The Clearing House says its CHIPS network has migrated to the ISO 20022 messaging format. The adoption of this format by CHIPS (Clearing House Interbank Payment System) enhances the efficiency of payments processing, The Clearing House (TCH) said in a news release on Wednesday (April 10), two days after the migration. It also lets participants and end-user […]
March 01, 2019
Facebook, Telegram and Signal are looking to launch their own cryptocurrencies that will allow users to send money internationally on their messaging systems. Citing various sources with knowledge on the matter,...
