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ACI Worldwide , which provides electronic payment and banking solutions, has added new digital overlayservices that it says will help to speed up real-time payments, according to a press release. A recent PYMNTS report noted the swiftness of digitization.
Friction abounds in the world of B2B payments, especially amid international payments across far-flung supply chains. To that end, SWIFT debuted its global payments innovation initiative (gpi) earlier this year, a solution which looks to boost the infrastructure underpinning the movement of money on a global scale.
B2B demand for real-time payments has been ramping up, with companies looking to free themselves from the limitations of batched processing. BNP Paribas provides this transparency with an API that connects with global messaging firm SWIFT’sSWIFT gpi , which offers end-to-end transaction tracking for payers.
New Payments Platform (NPP) Australia , the nation’s real-time payments service that went live earlier this year, is now seeking collaboration from FinTech firms and developers through the launch of a developer sandbox. SWIFT CEO Gottfried Leibbrandt said the sandbox promotes consistency and interoperability of NPP-fueled innovation.
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