About
Book Table of Contents
Foreword
Preface
Introduction
Chapter 1 - Societal, Economic, and Philosophical Implications of Instant Payments
Chapter 2 - History of Instant Payments
Chapter 3 - Understanding ISO 20022: The Universal Language of Financial Messaging
Chapter 4 - Implementations: Strategic Approach & Go To Market Plan
Chapter 5 - Introduction to instant payment use cases and their benefits
Chapter 6 - Implementation Financial Institution Specifics for Faster Payment Use Cases
Chapter 7 - Risk, Fraud, & Compliance
Chapter 8 - Instant Payment rocket boosters: AI, QR codes, Open Banking APIs, Embedded Payments, and Directories
Conclusion
Contributors
Discover the cutting edge of instant payments as the authors provide a 360-degree view of how real-time payments processing builds the backbone of commerce, banking, and financial transactions.
Historical Context: Trace the evolution of payment systems from traditional models to the lightning-fast operations today.
Technical Foundations: Gain a solid understanding of ISO 20022, the universal language of financial messaging, and how it supports the architecture of modern payment systems.
Strategic Implementations: Learn from real-world use cases and strategic planning insights for deploying instant payment systems across various sectors.
Security and Compliance: Navigate through the complexities of risk management, fraud prevention, and regulatory compliance in the instant payments ecosystem.
"Smart Instant Payments" is tailored for payment practitioners, financial institution executives, fintech innovators, and policymakers deciding on implementing instant payment systems.
Read FAQ
In today’s financial landscape, the concept of instant payments has emerged as a pivotal and revolutionary system with far-reaching implications.
Understanding the depth of what instant payments truly entails is crucial in comprehending its significance and the transformative impact it holds across social, economic, and philosophical realms.
The history of instant payments, both on a global scale and within the United States, is a story of volution and adaptation to meet the growing demands for faster, more efficient financial transactions. At the heart of this evolution lies the ISO 20022 standard, a cornerstone that defines the features, functionalities, and overarching benefits of this innovative payment system.
The deployment of instant payments unveils a multitude of use cases and their corresponding implementation considerations. From enhancing customer experiences to reshaping business strategies, the implementation of instant payment systems need to address risks, fraud, and compliance considerations, redefining the operational landscape for financial institutions, payment services, and their end consumer and business customers.
To foster adoption and enhance instant payments, various technological advancements like AI, QR code technology, Open Banking APIs, Embedded Payments, and directories play instrumental roles.
