Faster Payments Council

SEPTEMBER 12, 2022

The issuance and use of a CBDC for cross-border payments could potentially help simplify intermediation chains, increase speed and lower costs. The issuance and use of a CBDC for cross-border payments could potentially help simplify intermediation chains, increase speed and lower costs.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

PYMNTS

JANUARY 13, 2017

12) said SWIFT will launch a proof-of-concept test to explore the use of blockchain technology for cross-border payments and settlements by banks. It’s no certainty, however, that a working application using blockchain for cross-border payments will emerge, SWIFT said. An announcement Thursday (Jan.

SWIFT 41

SWIFT Cross-Border Payments Blockchain Cross-Border 41

PYMNTS

JULY 18, 2017

The payments messaging company said Monday (July 17) that its KYC Registry is now open to all supervised financial institutions around the globe. In parallel, smaller institutions will benefit from industry-agreed standards and best practices in Know Your Customer compliance.

SWIFT 40

SWIFT Office of the Comptroller of the Currency Due Diligence Correspondent Bank 40

Seon

JULY 27, 2023

The bank of the soon-to-be-paid employee sends back a request for payment (RFP) via the FedNow Service for the payer to confirm the transaction on their app. The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network. How Can Retailers Prepare for It?

FedNow 40

FedNow Federal Reserve ISO 20022 Fraud Detection 40