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ISO 20022 For Banks – What You Need To Know

South State Correspondent

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. One major innovation is the ability to send an “information only” message to add more data to a transaction message.

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Olympics Payment Partner Visa Embraces ‘Cashless Japan’

PYMNTS

The mandate handed down by Japan’s lawmakers strives to increase the total of digital payments from 20 percent to 40 percent by 2025, Visa said in a press release on Thursday (July 24). . This secures Visa’s position as the exclusive payment technology provider and the only card accepted at the Olympic Games.

Payments 185
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CUs Use AI, Cloud-Based Tools To Drive Member Engagement

PYMNTS

The global contactless payment market is projected to reach $18 billion by 2025, in fact, up from $10 billion last year — a nearly 12 percent compound annual growth rate (CAGR). Contactless payment innovation is underway at the nation’s CUs as the public shuns cash and even physical cards to lower the risks of infection.

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Today In Payments: Enova To Aquire OnDeck In $90M Deal; PayPal Reports Record Quarter

PYMNTS

Plus, the testimony of tech giants on Capitol Hill revealed chief executive officer views on competition and innovation. Report: India’s National Payments Corp Vulnerable To Security Breaches. of India (NPCI) discovered over three dozen security risks in 2019. Enova To Buy OnDeck In $90M Stock And Cash Deal.

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10 Lessons We Learned at the Nacha Smarter Faster Payment Conference

South State Correspondent

More states require greater disclosure and control over what banks and card processors can charge. For example, the new Consumer Financial Protection Bureau (CFPB ) overdraft loan rule is expected to be enacted and go into effect in late 2025. As such, the National Security Agency (NSA ) is calling for banks to be compliant by 2030.

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In Hawaii, Streamlined Mass Transit In The (HOLO) Cards, Beyond The Paper Pass

PYMNTS

If the longest journey begins with a simple step, might the streamlined journey begin with a simple tap of the card? Late April saw the debut of the HOLO card, used for Oahu Transit, a project in which the cards are to be used across the system’s busses and a rail system being built out over the next several years.

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i2c President Says Blockchain Will Unlock Cryptocurrency

PYMNTS

It is the rule of thumb, when it comes to secular change, that very few innovations come along to rapidly change the state of payments themselves. announced a partnership with Crypto.com’s end-to-end crypto ecosystem, which consists of a Visa crypto debit card and a wallet app to buy and sell crypto and earn cash-back rewards in crypto form.