Real-time and instant payments services
As the finance industry shifts toward the global standard for financial operational systems, ISO 20022, the adoption of real-time payment solutions accelerates. The standard enables faster, high-value, cross-border payments like SWIFT Cross-border Payments and Reporting Plus (CBPR+) and SWIFT Global Payments Innovation (gpi).
UL Solutions, a global safety science leader, offers instant payment implementation services to support our customers with their business, technical and operational decisions regarding real-time payments.
Our in-depth industry knowledge and customer-centric approach have enabled us to drive the adoption of key standards and technologies such as:
- ISO 20022
- Regional and international payment regulations, including proprietary protocols and payment solutions
- Open banking
- Payment Services Directive 2 (PSD2) and strong customer authentication (SCA) compliance
- Clearing and settlement protocols
- Payment application programming interfaces (APIs)
Our strategic approach sets us apart from the competition. We elaborate on the five essential characteristics of a successful instant payment program:
- A clearly defined long-term strategy
- A comprehensive impact analysis
- Robust and systematic project management
- Effective internal communications
- A future-proof technology and testing solution
Our industry experts not only provide best practices, insights into trends, and security guidance regarding authentication and onboarding, but they can also help customers design their own processes, procedures and APIs.
We assist our customers with building trusted security, compliance and interoperability into their operational infrastructures globally and locally.
We provide a variety of real-time and instant payment implementation services
Strategic and educational
We deliver educational trainings and interactive business and technical workshops to help our partners grow their knowledge, define their road map, build their strategy, review their business goals, and understand design and architecture requirements to integrate and enable secure payment technologies like instant payments.
We collaborate on building requirements, risk tolerance and business goals. With our independent perspective, we support the assessment of whether to build or buy solutions, road map creation, and vendor management.
We provide functional and technical expertise and advisory services from compliance to technical, regulatory and standard requirements to vendor management to test management and security evaluation.