PYMNTS

DECEMBER 15, 2020

Frictions like these are pushing more businesses to rethink their legacy approaches to business-to-business (B2B) payments and adopting various digital options for sending money. Buyers, too, are eager for change and need to adopt accounts payable (AP) methods that are easily managed by employees working from home. About The Report.

B2B 107

B2B Processors Push-to-Card Automation 107

PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution. and Ireland at SWIFT. . and Ireland at SWIFT. . 10) press release.

Cross-Border Payments 104

Cross-Border Payments Cross-Border SWIFT Wire Transfer 104

PYMNTS

JULY 5, 2020

Currencycloud , which works in global B2B cross-border payments, will be working with enterprise blockchain solution Ripple on new solutions for fast global payments, a press release says. Ripple, with its worldwide RippleNet network, will be an opportune way for Currencycloud to reach more financial institutions.

B2B 103

B2B Cross-Border Cross-Border Payments Payments 103

PYMNTS

NOVEMBER 8, 2018

This week SWIFT, the financial messaging service based in Belgium (and where the acronym stands for the Society for Worldwide Interbank Financial Communications) said that it would suspend access for at least some Iranian banks. SWIFT said the decision was a “regrettable” one. That decision came after the U.S.

SWIFT 81

SWIFT Central Bank Cross-Border ATM 81

PYMNTS

JANUARY 21, 2021

The Payment Tracker will allow mid-cap and small- to medium-sized business (SMB) clients of iBanFirst working with B2B transactions to track payments in the same way consumers track parcels, the release stated. It leverages the SWIFT gpi tracking service and other payment data services, along with the platform’s own data.

B2B 87

B2B Transactions Payee Payer 87

The Fintech Times

MAY 3, 2025

Cross Rivers solution offers businesses a range of payment pathwaysfrom SWIFT for secure, standardised cross-border transactions to local bank rails optimised for domestic B2B and B2C transfers. This ensures businesses and consumers benefit from faster processing times so consumers receive their money when and where they need it.

International Payments 69

International Payments Cross-Border Cross-Border Payments Same Day ACH 69

Fintech Finance

APRIL 7, 2025

Established in 2014, PayTabs became the first Saudi fintech company to provide seamless and secure B2B ecommerce solutions to SME’s. The platform also provides a seamless payment experience, particularly for mobile users. Payment links enable convenient transactions, allowing customers to complete payments swiftly and securely.

Visa 85

Visa Digital Payments Payment Solutions Payments 85

PYMNTS

SEPTEMBER 23, 2016

SWIFT is the latest FinTech player to perk up at the thought of using distributed ledger technology for business transactions. SWIFT’s report explored how the market would approach standardization of these technologies and how to apply previous standardization initiatives to this process. In an announcement on Thursday (Sept.

SWIFT 76

SWIFT Interoperability Facilitators Blockchain 76

PYMNTS

DECEMBER 24, 2020

Insurance carriers that implement high-powered tools to boost claims processing could also trim frictions and accelerate the sector’s B2B payments. The dental sector ultimately stands to benefit from implementing swift, digital processes rather than friction-filled, paper-based ones. Payouts And AR.

B2B 102

B2B Electronic Funds Transfer (EFT) Payments Payer 102

PYMNTS

JANUARY 31, 2019

Financial messaging service SWIFT said this past week that it has fashioned a partnership with R3 , a blockchain startup. The partnership will integrate the R3 platform into the SWIFT global payments innovation (gpi) offering. I think that today, that is not what SWIFT is.”. CNBC noted that R3 competes with Ripple.

SWIFT 77

SWIFT Blockchain Federal Reserve Cross-Border Payments 77

Fintech Finance

JANUARY 16, 2025

Guavapay’s flagship products, MyGuava (B2C) and MyGuava Business (B2B) payment apps offer users to open accounts in over 20 currencies, including GBP, USD, and EUR. With these accounts, users can send local and international real-time payments at competitive fees.

Innovation 98

Innovation Technology Multi-Currency Payment APIs and Integration 98

PYMNTS

AUGUST 1, 2019

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. “Adoption of ISO 20022 will continue the transformation of correspondent banking already ongoing,” SWIFT said in its announcement.

ISO 20022 76

ISO 20022 ISOs SWIFT Cross-Border 76

PYMNTS

APRIL 9, 2019

Payments messaging company SWIFT is gearing up to close its Trade Services Utility (TSU), a workflow engine aimed at facilitating value-added supply chain services. Reports in Global Trade Review (GTR) on Monday (April 8) said SWIFT will switch off its TSU in December 2020.

SWIFT 73

SWIFT ISO 20022 Payment Message Liquidity Management 73

PYMNTS

NOVEMBER 6, 2020

As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. .

IBAN 98

IBAN Cross-Border B2B Cross-Border Payments 98

PYMNTS

MARCH 16, 2020

Cross-border payments via Swift’s ISO 20022 migration, originally set to roll out by November 2021, have now been set back a year and are expected to come by the end of 2022 instead, according to reports. However, the ultimate deadline for the complete stop of the old Swift MT system will be 2025.

ISO 20022 78

ISO 20022 ISOs SWIFT Cross-Border Payments 78

PYMNTS

APRIL 11, 2019

That theft serves as a demarcation point for financial messaging service SWIFT , which, in a report released on Wednesday (April 10), found that fraudsters are trying to make off with smaller amounts of ill-gotten gains to fly under the radar of authorities and financial executives. Elsewhere, SWIFT found that the U.S.

SWIFT 76

SWIFT Posting Cross-Border Fraud Detection 76

PYMNTS

MARCH 14, 2019

Might SWIFT be giving a nod, at least partially, toward the use of distributed ledger technology (DLT)? In an interview with CNBC, SWIFT Asia-Pacific Managing Director Lisa O’Connor said that some of its members are indeed using blockchain. The movement to bring blockchain to cross-border payments proceeds apace. One caveat?

SWIFT 74

SWIFT Blockchain Distributed Ledger Technology (DLT) RFP 74

PYMNTS

JANUARY 23, 2019

Payments company Swift Prepaid Solutions and small business financier Bitty Advance are collaborating on technology to accelerate small businesses’ access to merchant cash advances. Swift Prepaid is also supporting Bitty’s ability to provide immediate access to cash advances that are uploaded to business debit cards.

SWIFT 65

SWIFT Small Business Debit Card Payroll 65

PYMNTS

AUGUST 12, 2020

AscendantFX Capital , which works in technology-based payment innovations, has joined the SWIFT Network for the benefits it offers, including better transparency and faster payments, the company announced in a Wednesday (Aug. “We plan to use the data SWIFT gpi provides to route payments in the most effective, efficient way possible.

Cross-Border 77

Cross-Border SWIFT Cross-Border Payments Payee 77

Fintech Finance

JANUARY 20, 2025

Waza , a B2B payment provider for emerging market businesses, has announced the launch of Lync, its new multi-currency account platform that combines market-leading foreign exchange (FX) liquidity solutions with a cutting-edge banking experience to power a new age of global trade for emerging market businesses incorporated in the US, UK or EU.

Multi-Currency 97

Multi-Currency Global Payments Cross-Border Payments Cross-Border 97

PYMNTS

OCTOBER 6, 2016

SWIFT’s year has been filled with controversy, the apex of which occurred when reports surfaced that cyberthieves infiltrated Bangladesh Bank via the SWIFT messaging system in February, resulting in $81 million stolen from the bank’s account at the New York Federal Reserve.

SWIFT 75

SWIFT Global Payments Innovation Cross-Border 75

PYMNTS

NOVEMBER 27, 2019

The ability for SWIFT gpi to address HSBC’s corporate client challenges is what drove the financial institution to join the initiative last year, Halpin noted, adding that technology must solve real-world problems and cannot exist for the sake of existing.

ISO 20022 117

ISO 20022 Cross-Border Payments ISOs Cross-Border 117

Paystand

DECEMBER 12, 2024

Table of Contents What is SWIFT? What is the SWIFT code in a bank? How does SWIFT work with economic sanctions? Transforming B2B payments with Paystand

SWIFT 52

SWIFT Security B2B Payments 52

Paystand

DECEMBER 12, 2024

Table of Contents What is SWIFT? What is the SWIFT code in a bank? How does SWIFT work with economic sanctions? Transforming B2B payments with Paystand

SWIFT 52

SWIFT Security B2B Payments 52

PYMNTS

SEPTEMBER 24, 2020

BELLIN Secures SWIFT gpi Label. Treasury management technology provider BELLIN has revealed it is the first treasury management solution provider to secure the Compatible Application SWIFT gpi for Corporates label. Santander Pilots SWIFT gpi. Also embracing SWIFT gpi is Santander U.K. In a statement, Santander U.K.

Office of the Comptroller of the Currency 75

Office of the Comptroller of the Currency B2B OCC SWIFT 75

PYMNTS

SEPTEMBER 18, 2020

It may have taken some time, but faster and real-time payments demand continues to grow in the corporate and B2B payments context. SWIFT has revealed plans to develop new real-time rails, while VSoft is wielding traditional bank rails to facilitate its real-time payments capabilities. SWIFT to Launch New Real-Time Rails.

Innovation 116

Innovation Payment APIs and Integration SWIFT Real Time Payments 116

Payments Dive

JUNE 20, 2025

Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Dive Brief Tensec raises $12M to boost growth Meanwhile, other cross-border payment firms have raised millions in recent weeks to bolster their international expansion.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Privacy Settlement 88

PYMNTS

NOVEMBER 21, 2016

As Meredith noted, blockchain can be seen as “an interconnected system” that can help alleviate some of the complexity of the treasury and trade (in a B2B focus) functions of a firm. That’s made possible by real-time delivery of funds through the SWIFT ISO 20022 format.

B2B 71

B2B ISO 20022 Blockchain ISOs 71

Stax

MARCH 14, 2024

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. But what about in the business-to-business (B2B) sector? Industry data shows that the B2B payments landscape is rather diverse. Learn More What are B2B Payments? Not sure where to start?

B2B 88

B2B Process B2C Credit Cards 88

Fintech Finance

OCTOBER 30, 2024

” – Lilly Pavlou, Executive Director at QUBE Events.

Compliance 98

Compliance AML Money Laundering Payments 98

PYMNTS

FEBRUARY 18, 2019

However, participation from the traditional financial services sector isn’t necessarily a requirement when it comes to crypto adoption, even in the B2B payments market, according to BitRail Co-founder and Vice Chairman Cameron Chell. BitRail doesn’t yet operate in the B2B payments space. ” Confusion, Doubt Remain. .”

B2B 70

B2B Cryptocurrency Payments Blockchain 70

PYMNTS

MARCH 7, 2019

Yet many experts doubt that cryptocurrency can be the solution to these points of friction, especially when it comes to the B2B use case. Wirex , which providers consumers with an account to store both fiat and cryptocurrency, recently stepped into the corporate finance space with the launch of its business account.

B2B 67

B2B Cross-Border Cross-Border Payments Correspondent Bank 67

PYMNTS

OCTOBER 17, 2018

Sberbank , Russia’s largest bank, is collaborating on a faster B2B payments solution with the financial services unit of Russian search engine Yandex. The B2B payments platform is designed to accelerate payments between legal entities.

B2B 57

B2B SWIFT Payments Instant Payments 57

PYMNTS

DECEMBER 24, 2020

These O2C challenges are only compounded for businesses that conduct cross-border B2B payments, as these firms must manage shifting foreign exchange (FX) rates, varying international regulations and other variables to ensure that orders, invoices and payments are accurate. O2C And The Data Problem.

Cross-Border 79

Cross-Border B2B Automation Payments 79

PYMNTS

JANUARY 24, 2019

News from SWIFT on Wednesday (Jan. Per an announcement, SWIFT said that through 2018, it facilitated an average of 31 million messages daily — which, on an annual basis, was up 11 percent from 2017, and represents a 56 percent increase through the past five years. SWIFT has, in recent months, claimed a 99.9

SWIFT 62

SWIFT Volume Cross-Border Cross-Border Payments 62

PYMNTS

JANUARY 24, 2019

Payments messaging company SWIFT is expanding its gpi for Corporates (g4C) initiative, adding treasury management technology company BELLIN to its roster of early adopters of the tool. ” Payment tracking is a key focus for SWIFT, which has been gradually expanding this functionality for FIs via its gpi Tracker tool, launched in 2017.

SWIFT 57

SWIFT Treasury Management Payment Message Cross-Border 57

PYMNTS

JANUARY 30, 2020

These 16-digit credit card numbers are created for one-time purchases at set amounts, and the convenience, security and speed they provide are allowing them to take hold in the B2B payments space. The following Deep Dive explores how virtual cards benefit B2B payments, especially among smaller firms, which have limited resources.

B2B 71

B2B Credit Cards Payments Settlement 71